5 Best Lithium and Phosphate Stocks to Buy Now

2. Johnson Controls International plc (NYSE: JCI)

Number of Hedge Fund Holders: 41  

Johnson Controls International plc (NYSE: JCI) is an Irish firm that markets heating, ventilating, air conditioning, controls, and refrigeration solutions. It is placed second on our list of 10 best lithium and phosphate stocks to buy now. The firm has recently stepped up investments in the lithium business, collaborating with Japanese firm Toshiba to ink an agreement for the development and sale of low-cost lithium batteries to EV makers. The firm has a market cap of over $51 billion and posted more than $22 billion in revenue last year.

On August 4, investment advisory HSBC kept a Hold rating on Johnson Controls International plc (NYSE: JCI) stock but raised the price target to $66 from $52, underlining that the firm was expected to see order growth in the third quarter.

At the end of the first quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Johnson Controls International plc (NYSE: JCI), up from 34 in the preceding quarter worth $795 million.