5 Best Lithium And Battery Stocks To Buy Now

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1. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 46

Albemarle Corporation (NYSE:ALB) is one of the largest providers of lithium for EV batteries. The company is involved in the manufacturing and distribution of specialty chemicals across the globe and has three business segments: Lithium, Bromine, and Catalysts. This February, Piper Sandler raised his price target on Albemarle Corporation (NYSE:ALB) to $330 from $310 and reiterated an Overweight rating on the shares.

Albemarle Corporation (NYSE:ALB) tops our list of the best lithium and battery stocks to buy according to hedge funds. Over the past 12 months, the stock has returned 25.68% to investors, as of March 9.

Albemarle Corporation (NYSE:ALB) was a part of 46 investors’ portfolios at the close of the fourth quarter of 2022. These funds held collective stakes worth $587.8 million in the company. As of December 31, Citadel Investment Group is the most prominent investor in the company and has a stake worth $114.6 million.

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