10 Best Chemical Stocks to Buy According to Billionaires

4. Element Solutions Inc (NYSE:ESI)

Stock Upside Potential as of July 16: 11.71%

Number of Hedge Fund Holders: 36

Number of Billionaire Investors: 12

Element Solutions Inc (NYSE:ESI) is one of the best chemical stocks to buy, according to billionaires. On July 8, Truist Securities reiterated a ‘Buy’ rating on the stock and a $24 price target. The buy stance is in response to the company’s second-quarter pre-announcement.

The company expects its second-quarter adjusted EBITDA to come in at $135 million, exceeding the $125 million that Truist Securities had expected. The better-than-expected earnings are driven by strength in the high-margin Electronics business.

Additionally, Element Solutions has increased its full-year adjusted EBITDA guidance to between $530 million and $550 million. It is a significant improvement from the previous guidance of between $520 million and $540 million. According to Truist Securities, the company is benefiting from robust growth in data centers and advanced semiconductor packaging.

Element Solutions Inc (NYSE:ESI) develops and manufactures specialty chemicals. It provides a range of chemical systems for cleaning, preparing, and protecting metal and plastic surfaces. Its coatings are used in various industries, including automotive, aerospace, and consumer electronics.