Is Rivian Automotive (RIVN) the Top Pick Among Stocks Under $15? - NEW BOX OFFICE TO DAY

We recently put together a list of the Top Stock Picks Below $15 Recommended by Hedge Funds In this piece, we will examine how Rivian Automotive, Inc. (NASDAQ:RIVN) measures up against other stocks priced below $15 that investors might consider purchasing.

On Monday, May 5th, US stocks declined following President Trump’s threat of imposing additional tariffs, which reignited worries about an impending trade war. This move brought an end to the prolonged period of growth in the stock market. The S&P 500 shed roughly 0.6%, breaking its record-long sequence of increases spanning more than two decades. Meanwhile, the Dow Jones Industrial Average slipped just under 0.3%, marking its initial decline within the past ten trading days. Additionally, the technology-focused Nasdaq Composite Index decreased by approximately 0.8%.

READ ALSO: 10 Highly Lucrative Affordable Stocks to Invest In Currently and 12 Top Stocks to Purchase and Keep for A Decade .

The U.S. dollar declined in value as traders on Wall Street began doubting the recent optimism regarding a potential trade agreement with China. Earlier, investors were hopeful due to signs suggesting that the U.S. and China could initiate discussions concerning tariff issues. Chinese authorities expressed their willingness to resume negotiations with Washington. Nonetheless, such talks have not been scheduled for the near future.

During the past weekend, President Trump stated that he does not intend to converse with China’s leader, President Xi, this week despite his desire for an equitable agreement with China. On Sunday, through social media platforms, Trump declared a fresh 100% tariff on foreign-produced films. The U.S. president mentioned that steps toward implementing this policy would commence immediately; however, he provided scant information regarding the specifics of such implementation.

Looking ahead, Wall Street has shifted its focus to the Federal Reserve’s two-day policy meeting, which will start on Tuesday. It is expected that the Fed will keep interest rates the same for now, even though in recent weeks, President Trump has put pressure on its chair, Jerome Powell.

Threats of new tariffs from President Trump along with the potential for a trade conflict with China are leading to uncertainties in the marketplace.

Methodology

For compiling our list of the 11 best stocks priced below $15 to purchase, sourced from insights provided by hedge funds, we utilized the Finviz stock screener tool. From this data set, which was filtered using criteria such as market cap, we selected the top 40 companies whose shares traded at less than $15 apiece as of May 2, 2025. Our focus then narrowed down to identifying those top 11 equities that garnered significant attention among institutional investors. To gather information about investor interest levels, we referenced Insider Monkey’s comprehensive database covering over 1,000 leading hedge funds’ positions during their latest quarter-end report in Q4 2024. Ultimately, these 11 promising picks were organized into an ascending ranking system reflecting how many individual hedge funds had established holdings within each company as reported through the same period.

Why do we pay attention to what hedge funds are doing? It’s straightforward: our analysis indicates that we can beat the market by following the leading stock choices made by successful hedge funds. Each quarter, our monthly bulletin features a strategy that chooses 14 small-cap and large-cap stocks, which has yielded a return of 373.4% since May 2014, surpassing its benchmark by 218 percentage points. ( see more details here ) .

An advanced electric car getting charged at a facility located in a shopping center outside the city.

Rivian Automotive, Inc. (NASDAQ: RIVN )

Share Price: $13.83

Number of Hedge Fund Owners: 40

Rivian Automotive, Inc. (NASDAQ:RIVN), an American automaker, specializes in designing and manufacturing electric vehicles. Additionally, they provide software solutions and support covering all stages of their vehicles' life cycles. According to data from hedge funds, Rivian Automotive, Inc. (NASDAQ:RIVN) stands out as one of the top picks for stocks priced below $15.

The firm provides the R1T electric pickup truck along with the R1S electric SUV. Additionally, Rivian Automotive, Inc. (NASDAQ:RIVN) is advancing with its delivery vans and commenced sales of these vans to fleet operators across various sizes within the U.S. starting February 2025. They aim to introduce their more affordable R2 SUV during the initial months of 2026, followed by adding two further entries into their range—the R3 and R3X SUVs—in 2026 and 2027 respectively. Focused on broadening its electric vehicle output to cater to a wider audience through an array of offerings, the corporation intends to initiate R2 production at their current site in Normal, Illinois; however, preparations for constructing a new factory in Georgia continue crucially integral to their strategic goals ahead. Earlier this year, in January 2025, Rivian Automotive, Inc. (NASDAQ:RIVN) obtained a potential funding line amounting to $6.6 billion via the U.S. Department of Energy as backing towards establishing their assembly complex in Georgia. Building work is scheduled to kick off in 2026, with deliveries aimed to commence in early 2028. This upcoming location will be equipped to fabricate both the R2 model alongside the R3 variant.

Overall, RIVN ranks 7th On our roster of top picks among stocks priced below $15, favored by hedge funds, we recognize the appeal of RIVN as an investment option. However, we lean towards believing that certain artificial intelligence (AI) stocks present even stronger prospects for substantial gains over a quicker timeframe. Notably, one particular AI stock has surged year-to-date despite many well-known names in this sector declining approximately 25% during the same period. For those seeking an alternative AI stock with better growth potential compared to RIVN—one trading at just five times its earnings—be sure to review our detailed analysis included in our latest report. cheapest AI stock .

READ NEXT: 20 Top AI Stocks You Should Consider Purchasing Today and 30 Top Stocks to Purchase Currently as Recommended by Millionaires .

Disclosure: There are no conflicts of interest. This article was initially published here. Insider Monkey .