10 Best EV Stocks to Buy According to Hedge Funds

4. Albemarle Corporation (NYSE:ALB)

No. of Hedge Funds: 41

Albemarle Corporation (NYSE:ALB) holds a spot in our list of 10 best EV stocks to buy according to hedge funds. Analysts are raising the price target on the stock following a strong positive second quarter.

On July 30, 2025, Albemarle Corporation (NYSE:ALB) reported its second-quarter earnings results. Though the company’s revenue of $1.33 billion is down 7% compared to the same quarter the previous year, its EPS has surpassed the analyst estimates by 8.4%. Additionally, the company’s net income of $22.9 million is up from the previous year’s second quarter of $229.9 million loss. The company also announced achieving a 100% run rate of its $400 million cost and productivity improvement target.

Following the results, the stock’s monthly performance as of September 5, 2025, saw an uptick of 19.47%. Relatively, various analysts have raised their price target on the stock as well. Baird, for instance, raised the stock’s price target from $58 to $68 while J.P. Morgan raised it from $60 to $80.

With 41 hedge funds invested in the stock, Albemarle Corporation (NYSE:ALB) benefits from strong institutional interest.

Albemarle Corporation (NYSE:ALB) is a specialty chemicals company founded in 1994. Headquartered in North Carolina, the company is a global leader in providing essential materials for modern technology, particularly lithium and bromine.