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11 Best Lithium Battery Stocks to Buy Now

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In this article, we’ll take a look at the 11 best lithium battery stocks to buy right now. 5 Best Lithium Battery Stocks to Buy Now.

Electric vehicles are growing in popularity as the economy seeks ways to reduce its environmental impact. Electric vehicles have been around for years, but only recently have they become a more viable option for consumers, thanks to technological advances and falling costs. Electric vehicles offer many advantages over traditional gasoline vehicles, including reduced emissions, lower operating costs, and a smaller environmental footprint. The worldwide adoption of electric vehicles is driving a surge in demand for lithium, a key ingredient in EV batteries. According to the International Energy Agency, demand Lithium used in EVs and battery storage is expected to grow more than 40-fold between 2020 and 2040.

Lithium Battery Industry: Analysis

According to industry analysis report According to Markets N Research, the global lithium-ion battery market is valued at $43.5 billion in 2021. This market is expected to grow at an annual rate of 22.80% from 2022 to 2028, reaching a valuation of $149.2 billion by the end of the year. Expected period. This growth is due to positive demand trends for consumer electronics worldwide, surge in demand for rechargeable batteries, increasing adoption of electric vehicles, and government initiatives and incentives to boost sales of electric vehicles. Regionally, North America holds the dominant market share in the global lithium-ion battery market and is expected to register the highest CAGR throughout the forecast period. It is expected to remain at the forefront until 2028.

The lithium battery market is expected to grow strongly over the long term. lithium strains It could be an ideal way for investors to take advantage of these trends. In this article, Livent Corporation (NYSE:LTHM), Sociedad Kimika y Minera (NYSE:SQM), and Albemarle Corporation (NYSE:ALB). These stocks are discussed in more detail below.

lithium, battery, electricity, vehicle

photo courtesy Kumpang Electric upon unsplash

our methodology

To determine the best 11 lithium battery stocks to buy now, we’ve scrutinized industry analysis reports and identified the key players operating in this space. We have filtered out the best companies based on: In addition, we weighted market sentiment for each stock and included stocks with positive analyst and hedge fund sentiment. These stocks are ranked according to their popularity among elite hedge funds.

Best lithium battery stock to buy now

11. Standard Lithium (NYSE:SLI)

Number of hedge fund holders: 3

Standard Lithium Ltd. (NYSE:SLI) is a Canada-based materials company involved in the lithium mining and processing industry. The company’s flagship project is his 150,000+ acre Lanxess project in southern Arkansas. The company’s DLE technology has the potential to reduce the recovery time of lithium extraction and reduce carbon emissions while enabling a high-purity lithium chloride solution that can be used to make battery-grade lithium. Standard Lithium Ltd. (NYSE:SLI) ranks among the best lithium battery stocks to buy right now.

Standard Lithium Ltd. (NYSE:SLI) announced today that it has received letters of allowance from the USPTO for the first two US patent applications relating to its DLE technology.

At the end of the third quarter of 2022, three hedge funds were long Standard Lithium Ltd. (NYSE:SLI), holding positions worth $443,000 in the company. Among them millennium management He was the company’s largest shareholder and held a position worth $220,000.

10. Sigma Lithium Corporation (NASDAQ:SGML)

Number of hedge fund holders: 8

Sigma Lithium Corporation (NASDAQ:SGML) is a leading Canadian mining company focused on the exploration and development of Brazil’s lithium deposits. The company focuses on the electric vehicle (EV) market and its products are used in various EV applications such as passenger cars, commercial vehicles and industrial vehicles. The company wholly owns the Grota do Cirillo, Genipapo, Santa Clara and São José deposits, which consist of 27 mining concessions and are located in the Arazuaí and Itinga regions of Minas Gerais, Brazil. It covers 191 square kilometers.

Sigma Lithium Corporation (NASDAQ:SGML) is a leading supplier of battery-grade lithium and one of the best lithium battery stocks to buy today. As of Nov. 24, the stock is up 236.45% year-to-date, valuing the company on the open market at $3.15 billion.

At the end of the third quarter of 2022, eight hedge funds held stakes in Sigma Lithium Corporation (NASDAQ:SGML). Those stakes totaled $45.5 million, up from his $23.7 million on three positions last quarter. Hedge fund sentiment on equities is positive. As of September 30, Potrero Capital Research is the largest investor in Sigma Lithium Corporation (NASDAQ:SGML), with a stake worth $16.2 million.

9. Piedmont Lithium Inc. (NASDAQ:PLL)

Number of hedge fund holders: 12

Piedmont Lithium Inc. (NASDAQ:PLL) is an American mining company focused on the exploration and development of US lithium deposits. The company’s flagship project is his 100% owned Piedmont Lithium project within the Carolinas Zu-Spodumen Belt (TSB). Piedmont Lithium Inc. (NASDAQ:PLL) is a leading lithium manufacturer positioned to capitalize on the growing electric vehicle (EV) market. The company is one of the world’s lowest-cost lithium producers, and its products are used in a variety of applications, including EVs. Piedmont Lithium Inc. (NASDAQ:PLL) has a strong strategic position in the EV market and is well-positioned to benefit from the continued growth of the EV market. This stock ranks among the best lithium battery stocks to buy right now.

Wall Street sees gains in Piedmont Lithium (NASDAQ:PLL). On Oct. 27, B. Reilly analyst Matthew Key featured Piedmont Lithium Inc. (NASDAQ:PLL) in a buy rating, raising his price target to $108 from $95.

At the end of the third quarter of 2022, 12 hedge funds were keen on Piedmont Lithium Inc. (NASDAQ:PLL), disclosing positions worth $34.3 million in the company. This compares with 11 hedge funds holding $30.3 million worth of his stock in the previous quarter. Hedge fund sentiment on equities is positive.

8. Lithium Americas Corporation (NYSE:rack)

Number of hedge fund holders: 14

Lithium Americas Corp. (NYSE:LAC) is a Canadian mining company focused on the global supply of lithium. With operations in the United States and Argentina, the company is well-positioned to capitalize on the growing demand for EVs. The company’s low-cost production facilities and strong position in the EV battery market give it a competitive edge over its peers. Lithium Americas Corp. (NYSE:LAC) is one of the best lithium battery stocks to buy right now, with a valuation of $3.28 billion as of Nov. 24.

On November 11, B. Reilly analyst Matthew Key revised his price target on Lithium America (NYSE:LAC) to $39 from $41, maintaining a buy rating on the stock. This November, Evercore ISI analyst Stephen Richardson covered Lithium America (NYSE:LAC) with an outperforming valuation and his $35 price target.

At the end of the third quarter of 2022, 14 hedge funds revealed they were bullish on Lithium Americas Corp. (NYSE:LAC), holding $172.3 million worth of shares. That’s $110.8 million worth of stakes, compared to his nine positions in the previous quarter. Hedge fund sentiment on equities is positive. As of September 30, Himenceon Capital It is the largest shareholder of Lithium Americas Corp. (NYSE:LAC) and owns shares worth $85.6 million.

7. Li-Cycle Holdings Corp. (NYSE:lichie)

Number of hedge fund holders: 15

Li-Cycle Holdings Corp. (NYSE:LICY) is a leading North American company providing solutions for the recycling of lithium-ion batteries. The company’s recycling process is designed to recover up to 95% of lithium, cobalt and other metals in batteries. Li-Cycle Holding Corp. (NYSE:LICY) is well positioned to capitalize on the growing demand for lithium-ion battery recycling solutions. The company’s technology is proven and its recycling facility is operational. With the proliferation of electric vehicles and other battery-powered consumer electronic products, the demand for lithium-ion battery recycling solutions is expected to grow significantly over the next few years. This stock ranks among the best lithium battery stocks to buy right now.

Wall Street is bullish on Li-Cycle Holdings Corp. (NYSE:LICY). On Sept. 19, Piper Sandler analyst Alexander Potter began coverage of his Li-Cycle Holdings Corp. (NYSE: LICY) with an Overweight rating and his $10 price target. In September, Citi analyst PJ Juvekar updated his price target on Li-Cycle Holdings Corp. (NYSE: LICY) from $10 to $8, maintaining a buy rating on the stock.

At the end of the third quarter of 2022, 15 hedge funds were long Li-Cycle Holdings Corp. (NYSE:LICY), holding shares worth $95.75 million. Among them Kovaris Capital He was the top investor in the company with a position worth $61.8 million.

6. Enasis (NYSE:ENS)

Hedge fund holders: 18

EnerSys (NYSE:ENS) is a global leader in stored energy solutions for industrial applications. The company has over 20 years of experience in designing, manufacturing and selling batteries, chargers and related equipment. The company’s batteries are used in commercial electric vehicles such as electric forklifts and is one of the world’s largest manufacturers of industrial batteries and chargers. In addition to industrial vehicles, the company’s batteries are used in a variety of applications, including medical devices and consumer electronics. EnerSys (NYSE:ENS) ranks among the best lithium battery stocks to buy right now.

On November 9, EnerSys (NYSE:ENS) announced its second quarter 2023 earnings. The company reported earnings per share for him of $1.11, beating consensus by $0.03. The company’s quarterly revenue was $899.4 million, up 13.65% year-on-year, beating Wall Street estimates by $11.92 million.

At the end of the third quarter of 2022, 18 hedge funds disclosed shares in Enersys (NYSE:ENS) worth $251.2 million. That’s $222.8 million worth of stakes, compared to 20 positions in the previous quarter. As of September 30, Scopia Capital He is the largest shareholder of EnerSys (NYSE:ENS) with an equity stake of $86.6 million.

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Disclosure: None. 11 Best Lithium Battery Stocks to Buy Now was first published on Insider Monkey.

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