15 Best Beaten Down Stocks to Invest In

9) POSCO Holdings Inc. (NYSE:PKX)

% Decline on a YTD Basis: ~49.1%

Number of Hedge Fund Holders: 16

POSCO Holdings Inc. (NYSE:PKX) operates as an integrated steel producer in Korea and internationally.

POSCO Holdings Inc. (NYSE:PKX)’s stock has seen a decline of ~49.1% on a YTD basis as it continues to face a challenging environment due to declining prices of key raw materials in rechargeable battery materials. Furthermore, as highlighted by the company in its Q3 2024 earnings call, falling lithium hydroxide prices, which dipped below $10,000 per ton, posed challenges for POSCO Holdings Inc. (NYSE:PKX). Analysts believe that the company has been experiencing sluggish performance in its steel and rechargeable battery sectors, weighing over profitability.

However, industry experts opine that POSCO Holdings Inc. (NYSE:PKX)’s stock is well-poised for recovery heading into 2025. The company is expected to demonstrate resilience amidst fluctuating market conditions, leveraging partnerships and restructuring efforts in a bid to maintain financial stability and capitalize on future growth opportunities. Given its investments in Indian projects and lithium production, POSCO Holdings Inc. (NYSE:PKX) continues to position itself to address global demand and achieve long-term sustainability goals.

The company is jointly building an integrated steel manufacturing facility in India with JSW Group. In secondary battery materials, both companies plan to look for opportunities to make joint investments and research in their value chain. Talking about renewable energy, both companies plan to seek partnerships using resources of solar and wind power in India.