In this article, we will discuss 7 Best EV Charging Infrastructure Stocks to Buy Now.
The biggest bottleneck in the electric vehicle revolution may not be the cars themselves; it may be the plugs. That’s the increasingly urgent thesis behind EV charging infrastructure stocks, a category drawing renewed attention from institutional investors and infrastructure-focused funds positioning ahead of what could be the most critical buildout phase of the entire EV transition. Unlike the automakers themselves, this is not a trade weighed down by margin pressure and price wars. It’s a pick-and-shovel opportunity where demand is structurally guaranteed, but only for those who understand which players are positioned to win the buildout.
The investment case is being driven by a widening supply gap. EV adoption continues to climb globally, even as charging infrastructure lags well behind the pace required to support it, creating a persistent range of anxiety that remains the single largest barrier to mainstream adoption. Data from Grand View Research projects the global EV charging infrastructure market to grow from approximately $36 billion in 2024 at a CAGR of around 25%–30% through 2030, driven by expanding government subsidies, mandated charging ratios, and rising EV penetration across passenger and commercial fleets. According to the analysis highlighted by PR Newswire points to accelerating momentum in ultra-fast DC charging and vehicle-to-grid technology as utilities and operators race to scale capacity ahead of demand.
EV charging is a necessity and a hard deadline, a global automotive industry that has already committed to electrification with no path back. For funds hunting asymmetric infrastructure plays tied to an irreversible transition, EV charging stocks may be one of the most overlooked yet structurally inevitable opportunities in the market today.
With this context in mind, here are the best EV charging infrastructure stocks to buy now.
Our Methodology
We used stock screeners to identify EV charging infrastructure stocks with a short percentage of shares outstanding of less than 4%. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. To make the list easier to navigate, we ranked the stocks in descending order of their short percentage of shares outstanding.
“Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).”
7 Best EV Charging Infrastructure Stocks to Buy Now
7. Generac Holdings Inc. (NYSE:GNRC)
Short Percentage of Shares Outstanding: 3.97%
On June 11, UBS raised its price target on Generac Holdings Inc. (NYSE:GNRC) to $335 from $305 while reiterating a Buy rating on the shares. According to the firm, the higher target reflects increased confidence in the sustainability of Generac’s earnings growth trajectory and improved visibility into the company’s long-term financial performance.
On June 2, Generac Holdings Inc. (NYSE:GNRC) announced the signing of a global supply agreement with a hyperscale data center operator to provide backup power generators for the operator’s data center infrastructure. Commenting on the agreement, Chairman, President, and CEO Aaron Jagdfeld stated that the partnership positions Generac to play a critical role in supporting essential services and the expanding digital economy. He added that successfully completing the approval process reinforces the company’s standing as a leading supplier of large-scale backup power solutions and establishes a foundation for future growth opportunities as data center demand continues to expand.
Founded in 1959 and headquartered in Waukesha, Wisconsin, Generac Holdings Inc. (NYSE:GNRC) is a designer and manufacturer of energy technology solutions, primarily known for its home backup generators, solar systems, and battery storage. They entered the EV market by launching utility charging software, making a strategic investment in EV charger manufacturer Wallbox, and offering their own branded Level 2 EV chargers.
6. FirstEnergy Corp. (NYSE:FE)
Short Percentage of Shares Outstanding: 3.94%
On June 24, Morgan Stanley raised its price target on FirstEnergy Corp. (NYSE:FE) to $52 from $51 while maintaining an Overweight rating on the shares. The adjustment came as part of the firm’s broader review of regulated and diversified utility companies across North America. While Morgan Stanley noted that utility stocks generally underperformed the S&P 500 during the month, the firm continues to view FirstEnergy favorably relative to peers, reflecting confidence in the company’s regulated utility operations and long-term investment profile.
Earlier, on June 11, UBS analyst William Appicelli increased his price target on FirstEnergy Corp. (NYSE:FE) to $51 from $50 while maintaining a Neutral rating. The revised target reflects a modestly more constructive outlook for the company and highlights confidence in management’s ability to execute on operational and financial objectives despite ongoing challenges facing the utility sector. The update also underscores the market’s recognition of FirstEnergy’s efforts to strengthen its business through infrastructure investments and disciplined capital allocation.
Founded in 1997 and headquartered in Akron, Ohio, FirstEnergy Corp. (NYSE:FE) is an electric utility company that generates, transmits, and distributes electricity to millions of customers throughout the Midwest and Mid-Atlantic regions. The company is also involved in supporting electric vehicle adoption through charging infrastructure investments, specialized EV rate programs, and participation in the Electric Highway Coalition, which seeks to expand long-distance charging accessibility across North America.
While we acknowledge the potential of FE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FE and that has 100x upside potential, check out our report about the cheapest AI stock.
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