Billionaire Louis Bacon’s Top 5 Stock Picks

3. Fisker Inc. (NYSE: FSR)

Louis Bacon’s Moore Capital has also expressed confidence in electric vehicle manufacturer Fisker Inc. (NYSE: FSR) during the third quarter. The firm has bought 9.4 million shares of Fisker valued at $145 million.

Electric vehicle stocks have been performing well since Joe Biden’s presidential election win. Joe Biden’s focus on clean energy policy has been supporting EV stocks over the past two months. In addition, the global demand prospects are also strengthening as the majority of European countries plan to ban fossil fuel vehicle production in the next decade.