Larry Robbins’ 10 Best Stocks to Buy Now

8. Element Solutions Inc. (NYSE:ESI)

Total Number of Shares Owned: 6,326,903

Total Value of Shares Owned: $171,585,609

Number of Hedge Fund Investors: 42

In its Q2 2024 earnings report, Element Solutions Inc. (NYSE:ESI) announced revenues of $315 million, which marks a 12% increase from the same period last year. Additionally, Element Solutions Inc. (NYSE:ESI) reported adjusted earnings per share (EPS) of $0.36, surpassing analyst expectations and demonstrating effective operational strategies and cost management.

A key factor driving Element Solutions Inc. (NYSE:ESI)’ growth is its diverse range of specialty chemical products that serve important industries like electronics, automotive, and industrial manufacturing. The increasing demand for advanced materials and sustainable solutions positions Element Solutions Inc. (NYSE:ESI) well to expand its market share. In particular, Element Solutions Inc. (NYSE:ESI)  is poised to benefit from trends in the electronics sector, where the push for miniaturization and enhanced performance is increasing the need for innovative chemical solutions.

Recently, Element Solutions Inc. (NYSE:ESI) announced the acquisition of a specialty chemicals company, which enhances its capabilities in the electronics market. This strategic acquisition not only broadens Element Solutions Inc. (NYSE:ESI)’s product lineup but also strengthens its competitive position in a rapidly growing sector. Moreover, Element Solutions Inc. (NYSE:ESI) continues to invest in research and development, focusing on eco-friendly products that meet the rising demand for sustainability in manufacturing processes.

Analysts are optimistic about Element Solutions Inc. (NYSE:ESI)’ future, with many raising their price targets after the strong Q2 earnings report. Element Solutions Inc. (NYSE:ESI)’s guidance for the remainder of the year indicates ongoing growth, driven by its innovative products and expanding market presence.