10 Cheap Lithium Stocks to Buy According to Hedge Funds

7. Ecovyst Inc. (NYSE:ECVT)

Forward Price-to-Earnings: 12.90

Upside Potential: 6.80%

Number of Hedge Funds: 23

Ecovyst Inc. (NYSE:ECVT) is included in our list of the 10 Cheap Lithium Stocks to Buy According to Hedge Funds.

Ecovyst Inc. (NYSE:ECVT) is progressing well in 2025 with its strategic and sustainable growth.

In May 2025, the company finalized its acquisition of Cornerstone Chemical’s sulfuric acid production assets in Waggaman, Louisiana. This acquisition is expected to enhance supply reliability and network flexibility. With demand growth anticipated for virgin sulfuric acid and sulfuric acid regeneration services, this acquisition boosts the company’s capacity to serve that demand.

Meanwhile, the company reported stronger-than-expected adjusted EBITDA of $180.5 million for Q2 2025. Despite sales missing forecasts due to Ecoservices headwinds, the company’s contract renewals and improved pricing improved the earnings. Meanwhile, the advanced materials segment showed recovery. Following the earnings release, BWS Financial maintained its ‘Buy’ rating on the stock with a $12 price target, believing that Ecovyst Inc. (NYSE:ECVT) will recover its earlier losses.

Furthermore, Ecovyst Inc. (NYSE:ECVT) released its 2024 Sustainability Report in June. With the release, ECVT highlighted its continued efforts toward environmental goals, including reductions in emissions, energy use, and waste.

Looking ahead, with an increase in its full-year sales forecast by $30 million, Ecovyst Inc. (NYSE:ECVT) signals confidence in its operational strength and strategic positioning.

With Ecoservices and Advanced Materials & Catalysts, Ecovyst Inc. (NYSE:ECVT) delivers specialty chemicals and advanced materials in the U.S. and internationally. It is included in our list of cheap lithium stocks.