5 Best Battery Stocks to Buy Now

3. Albemarle Corporation (NYSE: ALB)

No. of Hedge Fund Holders: 21

Albemarle ranks 3rd on the list of 10 best battery stocks to buy now. The company is the largest provider of lithium for electric vehicle batteries. Cowen recently gave bullish comments about Albemarle, adding that the lithium industry demands “focus” from investors. The firm said that the energy transition happening in the world is “real” as governments look to cut carbon emissions and increase electrification. For Albemarle, the firm set a $180 price target, and said that it sees an “underappreciated scale story” at a discounted valuation.

As of the end of the fourth quarter of 2020, Axel Capital Management owns 174,000 shares of ALB worth $25.7 million. ALB accounts for 8.34% of Axel Capital’s total portfolio.