10 Best EV Charging Stocks to Buy Now

In this article, we discuss the 10 best EV charging stocks to buy now.

10. Rivian Automotive, Inc. (NASDAQ:RIVN) $Rivian Automotive(RIVN.US)$

Rivian Automotive, Inc. (NASDAQ:RIVN) is an Amazon-backed EV manufacturer that is based in California. The EV newcomer manufactures SUVs and pickup trucks. The electric vehicle company went public in early November, raising nearly $80 billion in total valuation, making it one of the largest IPOs in history.

9. Beam Global (NASDAQ:BEEM) $Beam Global(BEEM.US)$

Beam Global (NASDAQ:BEEM) is a cleantech company that offers EV charging infrastructure. The company's charging products are powered entirely by renewable energy. Some of the company's commercial clients include AbbVie Inc., Alphabet Inc., Johnson & Johnson, and Pfizer Inc. The company also had contracts with NASA and U.S. Marine Corps.

8. Blink Charging Co. (NASDAQ:BLNK) $Blink Charging(BLNK.US)$

With over 30,000 charging stations in 13 countries, Blink Charging Co. (NASDAQ:BLNK) is one of the largest public EV charging network providers in the world. In the third quarter, the company deployed 3,016 EV charging stations, up 351% from last year.

7. Volta Inc. (NYSE:VLTA) $Volta(VLTA.US)$

Volta Inc. (NYSE:VLTA) has caught investors' attention with its business model. The company sells EV charging networks and offers digital ad screens for advertisers.

6. ChargePoint Holdings, Inc. (NYSE:CHPT) $ChargePoint(CHPT.US)$

ChargePoint Holdings, Inc. (NYSE:CHPT) provides EV charging services to residential, fleet, and commercial customers. The California-based company installs, monitors, and maintains the EV charging station as part of its subscription-based charging solution.

5. EVgo, Inc. (NASDAQ:EVGO) $EVgo Inc(EVGO.US)$

EVgo, Inc. (NASDAQ:EVGO) owns over 800 EV fast-charging stations across 34 states, making it the largest public EV charging network in the US. The company’s direct current fast chargers are compatible with all Tesla, Inc., Ford, BMW, Hyundai, and Chevrolet electric vehicles.

4. ABB Ltd (NYSE:ABB) $ABB Ltd(ABB.US)$

ABB Ltd (NYSE:ABB) is a Swiss electrification and robotics company. Among its offerings are electric vehicle charging products. The company provides everything from residential EV charging stations to heavy-duty truck fast-charging solutions. Revenue in the third quarter came in at $7.03 billion, an increase of 7% year over year.

3. SunPower Corporation (NASDAQ:SPWR) $SunPower(SPWR.US)$

SunPower Corporation (NASDAQ:SPWR) has collaborated with Wallbox N.V. to use solar energy to power electric vehicles. The California-based solar energy provider started installing EV charging stations for Wallbox customers in July 2021.

2. NIO Inc. (NYSE:NIO) $NIO Inc(NIO.US)$

NIO Inc. (NYSE:NIO) is a Chinese EV maker. The company markets mobile internet-based plug and charge systems. The stock increased 3.25% after Citi analyst Jeff Chung raised his price target for the stock to $87 from $70 in November while maintaining a Buy rating. Chung is optimistic about the Chinese EV manufacturer, as he sees NIO Inc. (NYSE:NIO) could very well gain market share in 2022 and 2023.

1. Tesla, Inc. (NASDAQ:TSLA) $Tesla(TSLA.US)$

Tesla, Inc. (NASDAQ:TSLA) gained 84% in the past six months. The California-based EV manufacturer is the most valuable autonomous vehicle company, accounting for 21% of the global EV market.

Article excerpted from Insider Monkey.