Top 5 Tech Stocks to Buy According to Billionaire Louis Bacon

2. Fisker Inc. (NYSE:FSR)

Moore Capital Investment’s Stake Value: $72 million

Percentage of Moore Capital Investment’s 13F Portfolio: 1.9%

Number of Hedge Fund Holders: 11

Fisker Inc. (NYSE:FSR) is an American electric vehicle manufacturer that develops, leases, and sells its products. The company is involved in an asset light automotive business and it also offers a design platform for electric vehicles.

Fisker Inc. (NYSE:FSR) is slated to kick off production of its first electric vehicle, Ocean, in November 2022. In a strong signal for electric vehicle demand, the firm has already sold out the U.S. production allotment for Ocean. It also estimates to earn $1.98 billion and $5.4 billion in revenue for 2023 and 2024.

Mr. Bacon’s investment firm owned 8.4 million Fisker Inc. (NYSE:FSR) shares as part of its June quarter of 2022 investments. These let it own a $72 million stake in the company which represented 1.9% of its investment portfolio. Insider Monkey’s Q2 2022 hedge fund survey saw 11 investors in the company.