Goldman Sachs EV and Battery Stocks: Top 5 Stock Picks

Page 1 of 5

In this article, we discuss the top 5 Goldman Sachs EV and battery stocks. If you want to read our detailed discussion on the EV sector, head over to Goldman Sachs EV and Battery Stocks: Top 10 Stock Picks

5. Aptiv PLC (NYSE:APTV)

Goldman Sachs’ Stake Value: $361,694,445

Number of Hedge Fund Holders: 40

Aptiv PLC (NYSE:APTV) is involved in the production and distribution of different vehicle components. The company offers solutions related to electrical, electronic, and safety technologies for both the automotive and commercial vehicle sectors. Its operations are divided into two segments – Signal and Power Solutions, and Advanced Safety and User Experience. Aptiv PLC (NYSE:APTV) is one of the top Goldman Sachs EV and battery stocks. In Q2 2023, the firm owned a $361.7 million position in Aptiv PLC (NYSE:APTV). 

On August 3, Aptiv PLC (NYSE:APTV) reported a Q2 revenue of $5.2 billion and a non-GAAP EPS of $1.25, topping market expectations by $340 million and $0.23, respectively. Revenue increased 28% compared to the prior-year quarter. 

According to Insider Monkey’s second quarter database, 40 hedge funds were bullish on Aptiv PLC (NYSE:APTV), compared to 46 funds in the preceding quarter. Ian Simm’s Impax Asset Management is the biggest stakeholder of the company, with 6.13 million shares worth $625.6 million. 

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Aptiv PLC (NYSE:APTV) in its Q4 2022 investor letter:

“Aptiv PLC (NYSE:APTV), a designer and manufacturer of vehicle components for original equipment manufacturers, rose 19%. Results from the latest quarter were above expectations and management maintained the outlook for revenue growth on bookings strength. Management acknowledged that 2023 could be difficult to forecast due to macroeconomic headwinds.”

Follow Aptiv Plc (NYSE:APTV)

Page 1 of 5