5 Best Multibagger Stocks to Buy Now

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1. Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 3

1-Year Stock Price Performance: 219.15%

Sigma Lithium Corporation (NASDAQ:SGML) is a Vancouver, Canada-based company that is focused on developing the biggest hard rock lithium deposits in North and South America and becoming an integral part of the global supply chain of electric vehicles.

Sigma Lithium Corporation (NASDAQ:SGML) intends to produce 220,000 tons of battery-grade lithium annually during the first phase of production. The company intends to remain one of the lowest-cost lithium producers in the world. During the second phase, Sigma Lithium Corporation (NASDAQ:SGML) plans to double the production of battery-grade lithium to 440,000 tons. The company can also play a pivotal role for leading EV-maker Tesla, Inc. (NASDAQ:TSLA) as it is planning to set up a lithium refining facility in Texas. Back in 2019, Sigma Lithium Corporation (NASDAQ:SGML) held discussions with the Austin, Texas-based EV giant about supplying lithium. The company’s future prospects make it one of the best multibagger stocks to buy now.

You can also take a peek at 10 Best Clothing Stocks To Invest In and Best Climate Change Stocks To Buy.

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