On March 6, Dan Niles of Niles Investment Management appeared on CNBC’s ‘Power Lunch’ to provide a cautious outlook on the current market rally and suggested that it may not be a definitive all-clear. Addressing the broader market sell-off triggered by the Iran war, rising oil prices, and higher yields, Niles explained that the market is attempting to determine the duration of the conflict. He outlined three possibilities: a short-term war of less than a month, a medium-term conflict, or a long-term engagement that could drive oil prices above $100 and lead to a global recession.
Addressing concerns about market indifference in the face of global commodity shortages, Niles argued that the reaction to the news is more important than the news itself. He observed that while his personal belief is that stocks should be lower, the market’s behavior, potentially influenced by a decrease in daily missile activity, suggests a belief that the situation will be resolved. He stressed that price leads the narrative and that people will create reasons to justify market movements after they occur.
Niles concluded by recommending a hyper-selective and messy approach to diversification. He pointed out that while the MAG7 are down 7% and the S&P 500 is down roughly 1% year-to-date, five subsectors (utilities, materials, energy, staples, and industrials) are up between 9% and 25%. He noted that the Russell 2000 is up 3% and the equal-weighted S&P is up 4%, showing that diversified investors are not struggling. He advised focusing on sectors with heavy assets that are less likely to be rendered obsolete by AI to navigate the current period successfully.
Against this backdrop, investors often look for emerging themes such as electric vehicles. That said, we’re here with a list of the 9 hot EV stocks to buy now.
Our Methodology
We used screeners to identify stocks that have gained at least 20% over the past 6 months, and 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.
Note: All data was sourced on March 9.
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).
9 Hot EV Stocks To Buy Now
9. STMicroelectronics (NYSE:STM)
STMicroelectronics (NYSE:STM) is one of the hot EV stocks to buy now. On March 10, STMicroelectronics introduced the ST64UWB family, the industry’s first integrated system-on-chip solutions to support the upcoming IEEE 802.15.4ab ultra-wideband standard alongside the existing IEEE 802.15.4z specification. Built using 18 nm FD-SOI technology, these chips offer superior RF performance and a nearly 3dB boost in link budget, extending signal range beyond previous generations. This new family is designed to provide high-precision ranging and sensing for a wide array of automotive, consumer, and industrial applications.
The ST64UWB series introduces technical enhancements like multi-millisecond ranging and narrowband assistance, which improve connection stability when devices are obstructed, such as in a back pocket or bag. For the automotive sector, the ST64UWB-A chips support safety-critical features like child presence detection and precise vehicle localization, with some models featuring AI acceleration for advanced radar use cases.
Industry leaders and Tier 1 suppliers are already sampling these devices and noted that the IEEE 802.15.4ab standard offers more than 8x the range of its predecessor. Because the ST64UWB family maintains backward compatibility with the 802.15.4z ecosystem, manufacturers can adopt these performance and cost-efficiency improvements without disrupting existing deployments. For this transition, STMicroelectronics (NYSE:STM) is providing comprehensive development kits that include a full UWB stack, radar toolboxes, and reference designs to accelerate the adoption of next-gen UWB tech.
STMicroelectronics (NYSE:STM), together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
8. Magna International Inc. (NYSE:MGA)
Magna International Inc. (NYSE:MGA) is one of the hot EV stocks to buy now. On February 13, Magna reported a solid finish to 2025, with Q4 sales rising 2% to $10.8 billion despite a slight decline in global vehicle production. Adjusted EBIT for the quarter grew 18% to $814 million, and the adjusted EBIT margin expanded to 7.5%. While the company faced a $591 million non-cash impairment charge related to its Electronics unit, leading to a reported diluted EPS of $0.00, adjusted diluted EPS rose 29% to $2.18. This was driven by operational excellence initiatives, productivity improvements, and successful new program launches, including the Ford Expedition and Mercedes-Benz G-Class.
For 2025, Magna generated $42 billion in sales. Financial results were supported by significant cash generation from operating activities, totaling $3.6 billion for the year. The company’s board of directors approved an increase in the quarterly dividend to $0.495 per share, marking 16 consecutive years of dividend growth.
For 2026, Magna International Inc. (NYSE:MGA) anticipates continued top-line growth with sales projected between $41.9 billion and $43.5 billion. The company expects an adjusted EBIT margin in the range of 6.0% to 6.6% and adjusted diluted EPS between $6.25 and $7.25. Capital spending is forecasted to remain disciplined at approximately $1.5 billion to $1.6 billion, supporting an anticipated free cash flow of $1.6 billion to $1.8 billion.
Magna International Inc. (NYSE:MGA) operates as an automotive supplier in North America, Europe, the Asia Pacific, and internationally. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.
7. General Motors Company (NYSE:GM)
General Motors Company (NYSE:GM) is one of the hot EV stocks to buy now. Earlier on January 27, General Motors exceeded Wall Street’s Q4 adjusted earnings expectations, reporting $2.51 per share against the $2.20 anticipated. Despite a slight revenue miss at $45.29 billion, the automaker signaled strong confidence in its trajectory by announcing a 20% increase in its quarterly dividend to 18 cents per share. Additionally, the board authorized a new $6 billion stock repurchase program, continuing a multi-year effort to reduce outstanding shares and boost stock value.
2025 was marked by significant restructuring, including over $7.2 billion in special charges related to a strategic pullback from electric vehicles and operations in China. While these one-time costs led to a reported net loss for Q4, General Motors’ core North American operations remained a primary profit driver. The CFO noted that US tariffs cost the company $3.1 billion in 2025, a figure that came in lower than the automaker’s initial projections of up to $4.5 billion.
For 2026, General Motors Company (NYSE:GM) issued optimistic guidance, forecasting adjusted EBIT between $13 billion and $15 billion and EPS in the range of $11 to $13. The CEO highlighted a goal to return North American adjusted profit margins to between 8% and 10% this year. The 2026 outlook also accounts for a 15% tariff on vehicles imported from South Korea, though the company remains watchful of ongoing trade negotiations that could impact entry-level models like the Chevrolet Trax.
General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. It operates through GM North America, GM International, and GM Financial segments.
6. NextEra Energy Inc. (NYSE:NEE)
NextEra Energy Inc. (NYSE:NEE) is one of the hot EV stocks to buy now. On March 5, UBS increased its price target for NextEra Energy to $104 from $91 with a Buy rating, citing the company’s strong positioning to meet rising power demand from large-scale customers such as data centers. UBS noted that while some market skepticism exists regarding NextEra Energy’s 8%+ EPS growth target due to potential execution risks in gas plant contracts and Florida-based data center developments, the firm’s multi-technology capabilities and scale in the competitive NEER segment provide a distinct advantage. Ultimately, securing additional generation deals is expected to support investor confidence and drive further valuation upside.
In 2025, NextEra Energy reported adjusted EPS of $3.71, which was a 8.2% year-over-year increase, surpassing the company’s financial expectations. Q4 saw GAAP net income rise to $1.535 billion, up from $1.203 billion in the same period of 2024. Chairman and CEO John Ketchum attributed these results to operational execution across both the regulated utility and competitive energy segments, positioning the company to meet surging national electricity demand.
NextEra Energy Inc. (NYSE:NEE) achieved a record-breaking year in new generation and storage, adding 13.5 gigawatts to its backlog for a total of ~30 gigawatts. A highlight was the plan to recommission the Duane Arnold nuclear plant through a power purchase agreement with Google, reflecting high demand from hyperscalers. NextEra Energy has now set a long-term growth target of 8% or more in adjusted EPS through 2035. For 2026, the company projects adjusted EPS in the range of $3.92 to $4.02, supported by a planned 10% annual dividend growth rate through the end of the year.
NextEra Energy Inc. (NYSE:NEE), through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company/FPL and NEER segments
5. Navitas Semiconductor Corporation (NASDAQ:NVTS)
Navitas Semiconductor Corporation (NASDAQ:NVTS) is one of the hot EV stocks to buy now. On February 24, Navitas Semiconductor announced its Q4 2025 earnings report and highlighted a strategic pivot to ‘Navitas 2.0,’ focusing its gallium nitride/GaN and silicon carbide/SiC solutions on high-growth, high-power markets such as AI data centers and energy infrastructure. For the first time in the company’s history, these high-power sectors represented the majority of quarterly revenue, while mobile-related income declined to less than 25%.
Despite a decrease in total Q4 revenue to $7.3 million compared to the previous year, the company raised $95.6 million through a private placement, ending 2025 with $236.9 million in cash to fund its transition. Operationally, Navitas is accelerating its product roadmap by sampling 650V GaN for AI applications and ultra-high-voltage 3300V SiC modules for the energy grid. The company also formalized a long-term manufacturing partnership with GlobalFoundries to scale US-based GaN production by late 2026.
For 2026, Navitas Semiconductor Corporation (NASDAQ:NVTS) anticipates a return to sequential top-line growth, with Q1 revenue projected to rise to between $8.0 million and $8.5 million. The CEO highlighted AI as a primary catalyst for the broadening adoption of Navitas’ high-power solutions, particularly in 800V data center architectures.
Navitas Semiconductor Corporation (NASDAQ:NVTS) designs, develops, and markets power semiconductors in the US, Europe, China, the rest of Asia, and internationally.
4. Dana Incorporated (NYSE:DAN)
Dana Incorporated (NYSE:DAN) is one of the hot EV stocks to buy now. On February 12, Dana Incorporated appointed Byron Foster as its next Chief Executive Officer, effective July 1. This leadership change follows a structured transition plan where the current Chairman and CEO, R. Bruce McDonald, will step down from the chief executive role while remaining Chairman of the Board.
McDonald, who has led the company since 2024, expressed strong confidence in Foster’s ability to guide the organization through its next chapter of growth, citing his deep understanding of the business and pivotal role in Dana Incorporated’s recent operational transformations. Foster currently serves as the Senior Vice President and President of Light Vehicle Systems, which is Dana Incorporated’s largest business unit. Since joining the company in 2021, he has been credited with delivering significant sales growth and improving profit margins within his division.
Upon assuming his new role, Foster intends to focus on building upon Dana Incorporated’s (NYSE:DAN) established foundation of engineering excellence and global team collaboration. He emphasized a commitment to innovation and value delivery across both the light and commercial vehicle markets to ensure long-term success. The transition period through July is designed to maintain stability as the company continues to navigate evolving industry demands and strategic opportunities within the automotive and commercial sectors.
Dana Incorporated (NYSE:DAN), together with its subsidiaries, provides power-conveyance and energy-management solutions for on-highway vehicles in North America, Europe, South America, and the Asia Pacific.
3. Lithium Americas Corp. (NYSE:LAC)
Lithium Americas Corp. (NYSE:LAC) is one of the hot EV stocks to buy now. On February 12, Lithium Americas Corp. reported progress on its Thacker Pass lithium project in Nevada throughout 2025, marking a pivotal year for development. Construction remains on schedule, with Phase 1 engineering design now 93% complete and procurement at 60%. As of late 2025, ~950 personnel were on-site, a figure the company expects to grow to 1,800 workers during the 2026 peak construction phase. The company maintained a strong safety record, completing over 1.6 million workhours in 2025 without a lost-time incident.
For 2026, Lithium Americas issued capital expenditure guidance between $1.3 billion and $1.6 billion to support continued development. This investment covers construction costs, capitalized development expenses, and interest on its Department of Energy loan. The company is actively monitoring potential tariff exposure on international construction materials, but notes that ~75% of total project costs (primarily labor and services) are insulated from direct tariff impacts. Meanwhile, the Operations and Business Readiness team continues to ramp up hiring and training in anticipation of site commissioning.
Looking ahead, Lithium Americas Corp. (NYSE:LAC) remains on track for mechanical completion of the Phase 1 processing plant in late 2027, followed by a production ramp-up in 2028. Key development milestones for 2026 include the delivery of major long-lead equipment, the continuation of cable pulls, and the energizing of regional substations. Early commissioning of individual plant facilities is scheduled for Q4 2026. These efforts are part of a broader strategy to establish a secure, domestic lithium supply chain as global market conditions continue to strengthen.
Lithium Americas Corp. (NYSE:LAC) develops, builds, and operates lithium deposits and chemical processing facilities in the US and Canada.
2. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the hot EV stocks to buy now. On March 4, Scotiabank increased its price target for Sociedad Química y Minera de Chile from $90 to $100 while maintaining an Outperform rating. The firm continues to designate the company as a top pick for investors as they look toward 2026.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) also held its Q4 and full-year 2025 earnings on March 2, reporting annual revenues of $44.6 billion and net income of $588 million. CEO Ricardo Ramos highlighted the year’s strategic milestones, including the formation of Nova Andino Litio through an agreement with Codelco and record quarterly lithium sales volumes exceeding 66,000 metric tons.
On February 23, Berenberg increased its price target for Sociedad Química y Minera de Chile from $47 to $53 while keeping a Hold rating. The firm noted that a rally in lithium prices has caused producer share prices to more than double since mid-2025, leading to the assessment that Sociedad Química y Minera de Chile is currently trading above its fundamental valuation levels.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces and sells specialty plant nutrients, iodine, and its derivatives worldwide.
1. Albemarle Corporation (NYSE:ALB)
Albemarle Corporation (NYSE:ALB) is one of the hot EV stocks to buy now. On February 11, Albemarle Corporation reported Q4 2025 net sales of $1.4 billion, which was a 16% increase driven by volume growth across all segments, particularly in Energy Storage and Ketjen. Despite the rise in sales, the company recorded a quarterly net loss of $414 million due to tax-related items and asset write-downs linked to the anticipated sale of its Ketjen business.
For 2025, the company generated $1.3 billion in cash from operations and $692 million in free cash flow, supported by a 65% year-over-year reduction in capital expenditures. Albemarle Corporation exceeded its internal efficiency goals by achieving ~$450 million in cost and productivity improvements. Strategically, the firm closed the sale of its stake in the Eurecat JV in January and remains on track to finalize the divestiture of a controlling interest in Ketjen during Q1 2026.
Looking toward 2026, Albemarle Corporation’s (NYSE:ALB) outlook suggests meaningful free cash flow generation, provided recent gains in lithium market prices hold. Capital expenditures for the coming year are expected to remain flat at ~$550 million to $600 million, focusing on resource development and productivity. While the Specialties segment may face some pressure from lower lithium specialty pricing and external factors like recent flooding at a JV in Jordan, the company expects Energy Storage production volumes to increase as market conditions continue to stabilize.
Albemarle Corporation (NYSE:ALB) provides energy storage solutions worldwide. It operates through three segments: Energy Storage, Specialties, and Ketjen.
While we acknowledge the potential of ALB to grow, 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 ALB and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 11 Best EV Stocks to Buy According to Analysts.
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