10 High Growth Chemical Stocks to Buy

7. Westlake Corporation (NYSE:WLK)

Number of Hedge Fund Holders: 37

Westlake Corporation (NYSE:WLK) is one of the 10 High Growth Chemical Stocks to Buy.

On April 14, 2026, Reuters reported that Westlake Corporation (NYSE:WLK) had agreed to a $67 million settlement to resolve a 2024 class-action lawsuit alleging price-fixing in the U.S. PVC pipe market. The agreement disclosed on April 13, 2026, in federal court in Illinois awaits judicial approval and represents one of the largest settlements to date in the nationwide antitrust litigation. The company denied wrongdoing and committed to cooperating with plaintiffs against the remaining defendants, including Atkore and Otter Tail. Additionally, Westlake Corporation (NYSE:WLK) will provide documents previously submitted to the U.S. Department of Justice, which is conducting a parallel grand jury investigation into alleged anti-competitive conduct within the industry since early 2020.

Prior to this, RBC Capital adjusted the price target on Westlake Corporation (NYSE:WLK), raising it from $119 to $145 while keeping an Outperform rating on the stock. The firm believes that tightening supply is driving petrochemical price hikes, potentially leading to first-half earnings exceeding previous market expectations.

Founded in 1986, Westlake Corporation (NYSE:WLK) is a leading global manufacturer of petrochemicals and housing products. Based in Texas, the company operates through two primary segments: Performance and Essential Materials (PEM) and Housing and Infrastructure Products (HIP).