In this article, we take a look at the 9 Best EV Charging Stocks to Buy Now.
Electric vehicles (EVs) are surging into the mainstream. This is according to Alliance for Automotive Innovation data, which shows that 16.5 million EVs were sold worldwide through October 2025, a 23% year-over-year increase. In October alone, 1.9 million EVs were sold, and Europe was the standout performer with a 36% year-over-year growth.
As a consequence, EV charging infrastructure is also being built at a fast rate. In fact, a PwC analysis concluded that the EV charging market must grow nearly ten times between 2025 and 2030 to meet the charging needs of the EVs on the road. Wood Mackenzie (WoodMac), a consultancy firm, also has projections along these lines. According to the firm, the number of EV charging ports globally will expand at 12.3% annually between 2026 and 2040, to hit 206.6 million installations in 2040.
WoodMac’s Oliver McHugh told Utility Dive on August 19, 2025, that “as utilization in public charging increases and infrastructure efficiency improves, we expect the ratio of EVs to public chargers to increase from 7.5 battery electric vehicles per charger in 2025 to 14.2 in 2040.”
Interestingly, a Boston Consulting Group (BCG) analysis, published in September 2025, insists that, although EV sales have slowed in key markets this year, and will probably continue to contract in the near future, the EV charging sector will continue to see growth. The reason is that, according to BCG, while “EV adoption has long been the engine of infrastructure expansion, this year challenged that momentum… the pace of public charger deployment [is now being] fueled by intense competition and ambitious rollouts…”
With this background, this article will discuss 10 EV charging companies that appear well positioned to benefit from the long-term expansion of the sector.
Our Methodology
To compile the list of the 10 Best EV Charging Stocks to Buy Now, we used online rankings, financial media reports, and stock screeners to identify a broad pool of EV charging companies, including pure-play and diversified names. We then evaluated each company’s upside potential using analyst price targets sourced from major financial platforms and refined the selection using institutional interest based on Q3 2025 13F filings in Insider Monkey’s database. The final list is ranked in ascending order of upside potential.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Note: The upside potential data is as of December 1, 2025.
Best EV Charging Stocks to Buy Now
9. NIO Inc. (NYSE:NIO)
Stock Upside Potential: 22.16%
Number of Hedge Fund Holders: 34
NIO Inc. (NYSE:NIO) is one of the best EV charging stocks to buy now. On November 25, Macquarie downgraded NIO Inc. (NYSE:NIO) from an Outperform rating to Neutral. The firm also lowered the price target for the Hong Kong listing by 23% and 21% for the US listing. Macquarie stated that the weakening demand for ONVO, NIO’s mass market brand, which was partly occasioned by the phase-out of government subsidies, is the main reason for their action.
The analysts noted a “reduced visibility on China’s EV incentives,” which, as per their analysis, is creating policy risks that are expected to “weigh on volumes into 2026.” Add to that NIO’s delivery guidance for the fourth quarter (120,000–125,000 units), that missed earlier analyst expectations of 150,000 units. To the analysts’ knowledge, the disappointing guidance implies that sales volumes for November and December will likely remain flat.
On the same day and a few hours earlier, US Tiger Securities reaffirmed its Buy rating for NIO stock and kept the price target unchanged at $8. The firm described NIO’s third-quarter performance as “solid,” basing their positive stance on three main drivers: meaningful margin recovery, efficiency, and continued sales energy across NIO’s three distinct brands.
NIO Inc. (NYSE:NIO) is a Chinese premium EV manufacturer that has become a key player in EV charging infrastructure. The company operates an extensive network of over 3,200 Power Swap Stations and hundreds of fast-charging stations worldwide. This includes deployments along China’s expressways and recent expansions into international markets such as the UAE.
8. Li Auto Inc. (NASDAQ:LI)
Stock Upside Potential: 26.21%
Number of Hedge Fund Holders: 14
Li Auto Inc. (NASDAQ:LI) is one of the best EV charging stocks to buy now. Li Auto Inc. (NASDAQ:LI) holds a Hold consensus from 8 analysts, with 2 Buys, 5 Holds, and 1 Sell. The average price target is $23.21, ranging from $17 to $32, suggesting a 26.2% upside from the current $18.39
On November 26, Li Auto Inc. released its Q3 2025 financial results, where it reported a non-GAAP diluted net loss per ADS of RMB 0.36 ($0.05), missing analyst consensus estimates of RMB 0.64. The quarter’s total revenue reached RMB 27.4 billion ($3.8 billion), surpassing analyst expectations by 3.28%. However, the figure is a 36.2% decline year-over-year, due to what management described as a sharp drop in vehicle deliveries amid supply chain disruptions and the impact of a Li MEGA vehicle recall.
The company also recorded a RMB 624.4 million ($87.7 million) net loss during the quarter, a massive swing from the net income of RMB 2.8 billion in Q3 2024. Management explained that the swing was due to a 37.4% year over year vehicle sales decline – total vehicle deliveries fell 39.0% to 93,211 units compared to the prior-year quarter. Unsurprisingly, gross profit tanked by 51.6% year-over-year to RMB 4.5 billion ($627.8 million), yielding a gross margin of 16.3%, down from 21.5%. Management attributed the compression to Li MEGA recall-related costs, noting that excluding these, the gross margin would have been 20.4%.
Li Auto Inc. (NASDAQ:LI) is a leading Chinese EV manufacturer that is aggressively building EV charging infrastructure. The company has committed over RMB 6 billion to expand its supercharging network, targeting more than 5,000 supercharging stations by year-end 2025. These stations are equipped with proprietary 5C fast-charging technology and are designed to cover 90% of China’s major highway routes and urban centers.
7. Enphase Energy Inc. (NASDAQ:ENPH)
Stock Upside Potential: 32.65%
Number of Hedge Fund Holders: 44
Enphase Energy Inc. (NASDAQ:ENPH) is one of the best EV charging stocks to buy now. Enphase Energy Inc holds a consensus Hold rating from 21 analysts, made up of 6 Buys, 8 Holds, and 7 Sells. The average 12 month price target is $37.91 with estimates ranging from $23.49 to $67.00, which suggests a 32.65% upside from the recent close at $28.58.
On November 20 the company announced a $68 million safe harbor agreement with a solar and battery financing partner, its third agreement of this kind since the US budget bill was approved in July 2025. The deal covers IQ9 Microinverters and secures access to federal tax credits while meeting domestic content requirements, with shipments set to start in Q1 2026. Enphase expects more agreements with the same partner and believes others may follow. Even with this progress, analyst sentiment remains cautious.
BMO Capital’s Ameet Thakkar reiterated a Sell rating on November 14 with a $31 target, pointing to shrinking US residential market share due to competition from Tesla, changes under NEM 3.0, and the phase out of the 25D credit. Although Enphase is expanding internationally and strengthening its product lineup, many expect a slow recovery with more meaningful growth not likely until fiscal 2026.
Enphase Energy, Inc. (NASDAQ:ENPH) is a leading energy technology company known for its solar micro-inverters and residential energy solutions, including storage and EV charging. With millions of products shipped across 140+ countries, Enphase has expanded into EV infrastructure through its IQ EV Charger, which offers smart, internet-connected charging with real-time monitoring and optimized schedules for efficiency. The company recently unveiled its IQ Bidirectional EV Charger, enabling vehicle-to-home and vehicle-to-grid capabilities, further strengthening its role in clean energy innovation.
6. Wallbox N.V. (NYSE:WBX)
Stock Upside Potential: 52.91%
Number of Hedge Fund Holders: N/A
Wallbox N.V. (NYSE:WBX) is one of the best EV charging stocks to buy now. On Wallbox N.V. (NYSE:WBX) carries a Moderate Buy consensus, based on a single analyst rating in the past three months. The analyst issued a Buy recommendation with a 12 month price target of $5.00, which is both the high and low forecast. This target suggests a potential 52.9% upside from the current price of $3.27.
On November 20, Wallbox NV announced an expansion of its partnership with Codale Electric Supply to accelerate the deployment of AC and DC fast charging infrastructure across Nevada, Idaho, Utah, and Wyoming. Codale has been one of Wallbox’s most active distributors for the past two years, supplying contractors, developers, and fleet operators with technical support, logistics, and access to Wallbox products. And the extension shifts from basic distribution to active deployment.
Just nine days earlier, on November 11, Wallbox had introduced Supernova PowerRing, a new modular DC fast-charging platform. The platform is designed for public and semi-public locations like retail centers, commercial parking, and convenience stores. The system provides up to 400 kW to a single vehicle per outlet while supporting a total shared site capacity of up to 720 kW. As such, it allows efficient handling of peak demand through intelligent energy pooling across connected units.
In a different update, on November 7, Canaccord Genuity maintained its Buy rating on Wallbox shares but dropped the price target to $5 from $9. Canaccord stated that it sees Wallbox set up to gain when EV sales pick up again, thanks to strong ties with big partners that could speed up sales. The analysts also pointed to a coming shift toward more business charger setups, which might boost results as companies add EV fleets despite home charging dips.
Wallbox N.V. (NYSE:WBX) is a global provider of EV charging and energy management solutions. It designs and manufactures smart charging systems for residential, commercial, and public use. Wallbox’s main product is its integrated charging ecosystem, which combines hardware, cloud-based management, and bidirectional charging technology.
5. ChargePoint Holdings, Inc. (NYSE:CHPT)
Stock Upside Potential: 57.26%
Number of Hedge Fund Holders: 11
ChargePoint Holdings, Inc. (NYSE:CHPT) is one of the best EV charging stocks to buy now. ChargePoint Holdings, Inc. (NYSE:CHPT) has a Hold consensus from 11 analysts, with an average target of $12.88 versus the current $8.19, implying a 57.26% upside.
On November 25, ChargePoint Holdings, Inc. announced a collaboration with Dabaja Brothers Development Group to deploy more than 40 fast-charging ports at properties owned and operated by Dabaja Brothers. The stated objective is to address limited EV charging access in Michigan.
The first site opened in Canton, Michigan, featuring a ChargePoint Express Plus station that delivers ultra-fast charging up to 500 kW. Further deployments will include sites in Dearborn and Livonia, Michigan, to expand coverage across Metro Detroit. All new stations integrate with the ChargePoint Platform, which provides real-time performance monitoring and insights.
The collaboration comes two weeks after ChargePoint unveiled its re-engineered ChargePoint Platform on November 13. The platform now features AI-powered tools to simplify management of EV charging networks. It includes an AI data assistant that analyzes usage patterns, energy conditions, and station health to provide predictive insights, optimize charging schedules, and forecast maintenance needs. The platform also has a new virtual queue system, Waitlist, which handles high-demand periods by lining up drivers digitally and alerting them when spots open.
ChargePoint Holdings, Inc. (NYSE:CHPT) is a leading provider of EV charging solutions. It develops and operates one of the largest charging networks in North America and Europe, offering hardware, cloud-based software, and services for residential, commercial, and fleet customers.
4. EVgo, Inc. (NASDAQ:EVGO)
Stock Upside Potential: 84.81%
Number of Hedge Fund Holders: 27
EVgo, Inc. (NASDAQ:EVGO) is one of the best EV charging stocks to buy now. On November 25, Stifel reiterated a Buy rating on EVgo, Inc. (NASDAQ:EVGO) shares and lowered the price target to $7.50 from $8.00.
The firm views EVgo as the favorite pure-play US EV charging company due to its focused growth in fast-charging infrastructure; they highlighted steady advances on a key Department of Energy loan for expansion, strong steps toward breakeven adjusted EBITDA in Q4 2025, ongoing drops in capital spending per charging stall, and small updates to 2025 guidance that include extra potential from ending old contracts and selling a fleet site.
Separately, on November 17, Cantor Fitzgerald kept its Overweight rating on EVgo shares, following the company’s Q3 2025 earnings release a week earlier. The firm also maintained the $7 price target. Cantor Fitzgerald stated that they like EVgo’s setup for the long run, which is driven by top-notch charger use rates, and that this proves its stations draw steady traffic and work well day-to-day. The analysts see the current stock price as a smart buy-in spot, with their analysis showing the shares undervalued and in oversold mode after recent dips.
EVgo, Inc. (NASDAQ:EVGO) is a pure-play EV charging company. It develops, owns, and operates one of the largest public fast-charging networks in the United States. The company’s primary facilities include chargers powered by 100% renewable electricity, supporting both individual EV drivers and fleet operators.
3. Blink Charging Co. (NASDAQ:BLNK)
Stock Upside Potential: 96.85%
Number of Hedge Fund Holders: 9
Blink Charging Co. (NASDAQ:BLNK) is one of the best EV charging stocks to buy now. On November 17, Blink Charging Co. (NASDAQ:BLNK) disclosed that it had been awarded a competitively solicited contract through Sourcewell to supply EV charging equipment and associated services to public sector entities across the United States. The agreement encompasses a full range of offerings, including networked and non-networked Level 2 and DC fast charging hardware, site assessments, installation, maintenance, and repairs. The contract took effect immediately and will run through September 18, 2029.
This disclosure comes less than two weeks after Blink’s earnings release on November 6. The company reported a non-GAAP adjusted EPS loss of $0.10, beating analyst consensus estimates by $0.01. Management attributed the performance to aggressive cost cuts and a focus on high-margin service streams. However, total revenues for the quarter climbed 7.3% year-over-year $27 million, but undershot the expected $30.08 million. According to CEO Mike Battaglia, the modest growth stemmed from robust service segment expansion offsetting softer product sales.
Management guided for continued sequential revenue growth through the second half of 2025 and into Q4, emphasizing momentum in recurring revenues without specific numerical targets. Battaglia stated, “Our transformation efforts are delivering the intended impact, and we’re entering the fourth quarter from a position of strength.”
Blink Charging Co. (NASDAQ:BLNK) is a provider of EV charging equipment and services. It designs, manufactures, and operates charging stations across the United States and international markets. The company’s primary facilities include a growing network of public charging stations located at airports, universities, retail centers, and municipal sites, supported by its proprietary Blink Network software platform.
2. Beam Global (NASDAQ:BEEM)
Stock Upside Potential: 108.33%
Number of Hedge Fund Holders: 1
Beam Global (NASDAQ:BEEM) is one of the best EV charging stocks to buy now. Maxim Group reaffirmed its Buy rating on Beam Global (NASDAQ:BEEM)’s shares on November 18.
In a separate update, on November 19, Beam Global revealed that the City of Dallas placed an order for seven additional EV ARC sustainable electric vehicle charging systems. This move marks the city’s third deployment of this technology and its fourth overall purchase from the company. According to Beam, the new systems will charge Dallas’s expanding municipal EV fleet, as part of efforts to build resilient off-grid charging capacity for daily operations and emergency response.
Beam stated that each EV ARC unit is a transportable, solar-powered charger that generates and stores its own clean electricity. And that the order was processed through the US General Services Administration (GSA) Multiple Award Schedule (MAS) Contract. Commenting on the transaction, Beam CEO Desmond Wheatley stated, “Our recently renewed GSA contract, and our recently announced Sourcewell contract, enable government organizations to acquire Beam Global solutions without having to go through lengthy and complex bidding processes. They get the fastest deployed charging infrastructure they need in a fraction of the time.”
Beam Global (NASDAQ:BEEM) is a clean technology company specializing in sustainable EV charging infrastructure. It designs, manufactures, and deploys solar-powered charging systems, which generate and store electricity independently of the grid. Beam’s main product is renewable-powered EV charging, combining solar generation, battery storage, and integrated charging hardware.
1. Pioneer Power Solutions, Inc. (NASDAQ:PPSI)
Stock Upside Potential: 172.99%
Number of Hedge Fund Holders: 3
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) is one of the best EV charging stocks to buy now. On November 14, H.C. Wainwright reiterated a Buy rating on Pioneer Power Solutions, Inc. (NASDAQ:PPSI) and kept the price target on the stock unchanged at $12. According to the analysts, Pioneer Power Solutions (PPS) is likely to experience massive revenue jumps over the next decade, backed by steady demand in power solutions for EVs, fleets, and data centers. Other factors cited by the firm include smart moves like new product launches and global expansion plans that position PPS to grab more market share as energy needs grow.
The analysts pointed to early wins in vehicle charging, fleet setups, and distributed power sales, with the company keeping its 2025 revenue goal steady at $27 million to $29 million despite market ups and downs. They also stated that they value the push into a new natural gas-fired power system for data centers, set to launch by year-end, and plans to franchise the e-Boost charging tech overseas for quicker international reach.
In a different update, PPS reported its Q3 2025 financial results on November 13, where it stated that the quarter’s diluted EPS came in at -$0.21. This figure is $0.12 below projections. The deeper loss arose from an unfavorable sales mix impacting margins and higher operating costs tied to product deliveries, as noted by management. Revenues were also a miss – total revenues came in at $6.9 million against the expected $6.99 million. But this was a 7.4% year-over-year growth, which management said came on the back of elevated service sales in the Critical Power Solutions segment.
Pioneer Power Solutions, Inc. (NASDAQ:PPSI) is a provider of electrical power systems and distributed energy solutions. It designs, manufactures, and deploys mobile EV charging units, backup power systems, and custom electrical distribution equipment for commercial and industrial customers. The company’s primary facilities include its E-Boost line of mobile EV charging trailers, which deliver fast charging without requiring permanent infrastructure or grid connections.
While we acknowledge the potential of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) 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 PPSI and that has 100x upside potential, check out our report about the cheapest AI stock.
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