5 Best Battery Stocks To Buy Heading Into 2024

4. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Investors In Q2 2023: 41

Albemarle Corporation (NYSE:ALB) is an American company that is one of the most important providers of lithium for battery production on the planet. The firm faced a setback in Australia in October 2023 when its bid to acquire an Australian lithium company for a multi-billion dollar price tag failed after Albemarle Corporation (NYSE:ALB) withdrew the offer.

As of June 2023, 41 out of the 910 hedge funds part tracked by Insider Monkey had held a stake in the firm. Out of these, Albemarle Corporation (NYSE:ALB)’s biggest hedge fund investor is Philippe Laffont’s Coatue Management due to its $154 million investment.

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