11 Best Lithium Battery Stocks to Buy Now

Published on November 26, 2022 at 1:04 pm by Omer Farooq in Hedge Funds, News

In this article, we will discuss the 11 best lithium battery stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Lithium Battery Stocks to Buy Now.

Electric vehicles are becoming increasingly popular, as economies look for ways to reduce their environmental impact. While electric vehicles have been around for many years, they have only recently become a more viable option for consumers, thanks to technological advances and a decrease in cost. Electric vehicles offer a number of advantages over traditional gasoline-powered cars, including lower emissions, cheaper operating costs, and a smaller environmental footprint. The adoption of electric vehicles across the globe is causing a surge in demand for lithium, a key element in EV batteries. According to the International Energy Agency, the demand for lithium for use in EVs and battery storage is expected to grow by over 40 times between 2020 and 2040.

The Lithium Battery Industry: An Analysis

According to an industry analysis report by Markets N Research, the global lithium-ion battery market was valued at $43.5 billion in 2021. The market is expected to grow at a compound annual rate of 22.80% from 2022 through 2028 and reach a valuation of $149.2 billion by the end of the forecasted period. This growth is attributed to favorable demand trends for consumer electronics worldwide, a surge in demand for rechargeable batteries, the rising adoption of electric vehicles, and government initiatives and incentives for growing the sales of electric vehicles. Region-wise, North America held the dominant market share of the global lithium-ion battery market and is expected to register the highest CAGR through the forecasted period, and within North America, the U.S. held the largest share of the market in 2021 and is expected to remain at the forefront through 2028.

The lithium battery market is expected to experience strong secular growth and lithium stocks can be an ideal way for investors to capitalize on these trends. This article will examine some of the leading companies operating in the global lithium battery market, which include Livent Corporation (NYSE:LTHM), Sociedad Quimica y Minera (NYSE:SQM), and Albemarle Corporation (NYSE:ALB) . These stocks, among others, are discussed in detail below.

Photo by Kumpan Electric on Unsplash

Our Methodology

To determine the 11 best lithium battery stocks to buy now, we scoured industry analysis reports and identified key players operating in the space. We filtered out the best companies based on their market positions and project pipelines. Further, we gave weight to the market sentiment around each stock and included stocks that had positive analyst sentiment and positive hedge fund sentiment. These stocks are ranked according to their popularity among elite hedge funds, from least to most.

Best Lithium Battery Stocks to Buy Now

11. Standard Lithium Ltd. (NYSE:SLI)

Number of Hedge Fund Holders: 3

Standard Lithium Ltd. (NYSE:SLI) is a Canadian-based materials company that is involved in the lithium mining and processing industry. The company’s flagship project is the Lanxess project which spans over 150,000 acres and is located in southern Arkansas. The company’s DLE technology has the potential to reduce the recovery time for lithium extraction, and also lower carbon emissions while achieving a high-purity lithium chloride solution that can be used to produce battery-grade lithium. Standard Lithium Ltd. (NYSE:SLI) is ranked among the best lithium battery stocks to buy now.

On November 1, Standard Lithium Ltd. (NYSE:SLI) announced that the company has received Notices of Allowance for its first two U.S. patent applications for its DLE technology from the USPTO.

At the end of Q3 2022, 3 hedge funds were long Standard Lithium Ltd. (NYSE:SLI) and held positions worth $443,000 in the company. Of those, Millennium Management was the largest shareholder in the company and held a position worth $220,000.

10. Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 8

Sigma Lithium Corporation (NASDAQ:SGML) is a leading Canadian mining company that is focused on the exploration and development of lithium deposits in Brazil. The company has a strong focus on the electric vehicle (EV) market, and its products are used in a variety of EV applications, including passenger cars, commercial vehicles, and industrial vehicles. The company wholly owns the Grota do Cirilo, Genipapo, Santa Clara, and São José properties which are comprised of 27 mineral rights and span roughly 191 square kilometers in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.

Sigma Lithium Corporation (NASDAQ:SGML) is a leading supplier of battery-grade lithium and is one of the best lithium battery stocks to buy now. As of November 24, the stock has gained 236.45% year to date and the company is worth $3.15 billion on the open market.

At the end of Q3 2022, 8 hedge funds held stakes in Sigma Lithium Corporation (NASDAQ:SGML). The total value of these stakes amounted to $45.5 million, up from $23.7 million in the previous quarter with 3 positions. The hedge fund sentiment for the stock is positive. As of September 30, Potrero Capital Research is the largest investor in Sigma Lithium Corporation (NASDAQ:SGML) and has a stake worth $16.2 million in the company.

9. Piedmont Lithium Inc. (NASDAQ:PLL)

Number of Hedge Fund Holders: 12

Piedmont Lithium Inc. (NASDAQ:PLL) is an American mining company that focuses on the exploration and development of lithium deposits in the United States. The company’s flagship project is the 100%-owned Piedmont Lithium Project, located within the Carolina Tin-Spodumene Belt (TSB). Piedmont Lithium Inc. (NASDAQ:PLL) is a leading lithium producer that is positioned to capitalize on the growing electric vehicle (EV) market. The company is one of the world’s lowest-cost producers of lithium, and its products are used in a variety of applications, including EVs. Piedmont Lithium Inc. (NASDAQ:PLL) has a strong strategic position in the EV market and is well-positioned to benefit from the continued growth of the EV market. The stock is ranked among the best lithium battery stocks to buy now.

Wall Street sees upside to Piedmont Lithium Inc. (NASDAQ:PLL). On October 27, B. Riley analyst Matthew Key took coverage of Piedmont Lithium Inc. (NASDAQ:PLL) with a Buy rating and raised his price target to $108 from $95.

At the close of the third quarter of 2022, 12 hedge funds were eager on Piedmont Lithium Inc. (NASDAQ:PLL) and disclosed positions worth $34.3 million in the company. This is compared to 11 hedge funds in the previous quarter with stakes worth $30.3 million. The hedge fund sentiment for the stock is positive.

8. Lithium Americas Corp. (NYSE:LAC)

Number of Hedge Fund Holders: 14

Lithium Americas Corp. (NYSE:LAC) is a Canadian mining company focused on the global supply of lithium. The company has operations in the United States and Argentina and is well-positioned to benefit from the growing demand for EVs. The company’s low-cost production facilities and strong position in the EV battery market give it a competitive advantage over its peers. Lithium Americas Corp. (NYSE:LAC) is one of the best lithium battery stocks to buy now and is valued at $3.28 billion, as of November 24.

On November 11, B. Riley analyst Matthew Key revised his price target on Lithium Americas Corp. (NYSE:LAC) to $39 from $41 and maintained a Buy rating on the shares. This November, Evercore ISI analyst Stephen Richardson took coverage of Lithium Americas Corp. (NYSE:LAC) with an Outperform rating and a $35 price target.

At the end of Q3 2022, 14 hedge funds were bullish on Lithium Americas Corp. (NYSE:LAC) and disclosed stakes worth $172.3 million in the company. This is compared to 9 positions in the preceding quarter with stakes worth $110.8 million. The hedge fund sentiment for the stock is positive. As of September 30, Himension Capital is the largest shareholder in Lithium Americas Corp. (NYSE:LAC) and has a stake worth $85.6 million in the company.

7. Li-Cycle Holdings Corp. (NYSE:LICY)

Number of Hedge Fund Holders: 15

Li-Cycle Holdings Corp. (NYSE:LICY) is a leading North American company that provides solutions for the recycling of lithium-ion batteries. The company’s recycling process is designed to recover up to 95% of a battery’s lithium, cobalt, and other metals. Li-Cycle Holding Corp. (NYSE:LICY) is well-positioned to capitalize on the growing demand for lithium-ion battery recycling solutions. The company’s technology is proven and its recycling facility is up and running. With the growing adoption of electric vehicles and other battery-powered consumer electronics products, demand for lithium-ion battery recycling solutions is expected to grow significantly in the coming years. The stock ranks among the best lithium battery stocks to buy now.

Wall Street is bullish on Li-Cycle Holdings Corp. (NYSE:LICY). On September 19, Piper Sandler analyst Alexander Potter started coverage of Li-Cycle Holdings Corp. (NYSE:LICY) with an Overweight rating and a $10 price target. This September, Citi analyst P.J. Juvekar updated his price target on Li-Cycle Holdings Corp. (NYSE:LICY) to $8 from $10 and maintained a Buy rating on the shares.

At the close of the third quarter of 2022, 15 hedge funds were long Li-Cycle Holdings Corp. (NYSE:LICY) and held stakes worth $95.75 million in the company. Of those, Covalis Capital was the top investor that held a position worth $61.8 million in the company.

6. EnerSys (NYSE:ENS)

Number of Hedge Fund Holders: 18

EnerSys (NYSE:ENS) is a global leader in stored energy solutions for industrial applications. The company has over 20 years of experience in the design, manufacture, and distribution of batteries, chargers, and related equipment. The company’s batteries are used in commercial electric vehicles such as electric forklift trucks and it is among the world’s largest manufacturers of industrial batteries and chargers. In addition to industrial vehicles, the company’s batteries are used in a variety of applications including medical devices and consumer electronics. EnerSys (NYSE:ENS) is ranked among the best lithium battery stocks to buy now.

On November 9, EnerSys (NYSE:ENS) announced earnings for the fiscal second quarter of 2023. The company reported earnings per share of $1.11 and outperformed consensus by $0.03. The company’s revenue for the quarter amounted to $899.40 million, up 13.65% year over year, and beat Wall Street estimates by $11.92 million.

At the end of Q3 2022, 18 hedge funds disclosed stakes in EnerSys (NYSE:ENS) worth $251.2 million. This is compared to 20 positions in the previous quarter with stakes worth $222.8 million. As of September 30, Scopia Capital is the top shareholder in EnerSys (NYSE:ENS) and has stakes worth $86.6 million in the company.

Click to continue reading and see 5 Best Lithium Battery Stocks to Buy Now.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on October 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

Published on November 16, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up