5 Best Battery Stocks To Buy Before They Take Off

4. Sensata Technologies Holding plc (NYSE:ST)

YTD Returns: -5.66%

Number of Hedge Fund Holders: 32

There were 32 hedge funds long Sensata Technologies Holding plc (NYSE:ST) in the second quarter, with a total stake value of $863 million.

Sensata Technologies Holding plc (NYSE:ST) is another electrical components and equipment company on our list. It offers battery management systems, solid-state relays, and more.

A Buy rating and a $52 price target were maintained on Sensata Technologies Holding plc (NYSE:ST) on July 26 by Mark Delaney at Goldman Sachs.

This is what Diamond Hill Capital said about Sensata Technologies Holding plc (NYSE:ST) in its second-quarter 2023 investor letter:

“Other bottom contributors included Ciena, Sensata Technologies Holding plc (NYSE:ST) and Post Holdings. Shares of automotive component manufacturer Sensata were pressured in Q2 as its progress toward pivoting its business toward higher-growth businesses like electric vehicles and electrification infrastructure slowed, weighing on revenue growth and margins.”

Follow Sensata Technologies Holding Plc (NYSE:ST)