5 Best Battery Stocks To Invest In Before They Take Off

4. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Investors In Q4 2023: 27

YTD Share Price Drop: 18.84%

Albemarle Corporation (NYSE:ALB) is an American chemicals company that is one of the biggest suppliers of lithium to the battery industry. Tumbling lithium prices didn’t prove to be the last of its worries in February 2024 as an Australian watchdog started investigating the firm after workers at its site were exposed to chemicals.

As of December 2023 end, 27 out of the 933 hedge funds part of Insider Monkey’s database had held a stake in the firm. Albemarle Corporation (NYSE:ALB)’s largest hedge fund shareholder is Philippe Laffont’s Coatue Management due to its $85.4 million stake.

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