5 Best EV Battery Stocks To Buy in Late 2023

In this article, we will take a look at 5 of the best EV battery stocks to buy in late 2023. If you want to see more such companies, you can go directly to the 10 Best EV Battery Stocks To Buy in Late 2023.

5. Sensata Technologies Holding plc (NYSE:ST)

Number of Hedge Fund Holders: 32

Sensata Technologies Holding plc (NYSE:ST) is an engineering technology firm specializing in selling sensors and related products for automobiles and aircraft. Additionally, the company offers battery management systems designed to assess battery charge rates, performance, and various parameters.

Sensata Technologies Holding plc (NYSE:ST) delivered a robust financial performance in Q3 2023, achieving an adjusted EPS of 91 cents. This marked a substantial increase compared to the previous year, surpassing market expectations. However, despite the positive earnings, the company experienced a slight decrease in revenues by 1.7% to $1,001.3 million. On the other hand, its Performance Sensing revenues witnessed a 2% increase, while Sensing Solutions’ operating income was impacted by slower growth in industrial revenue. The heavy vehicle off-road business reported a decline in organic revenue growth, offset by growth in the automotive and aerospace sectors.

During this year’s second quarter, 32 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Sensata Technologies Holding plc (NYSE:ST). Robert Joseph Caruso’s Select Equity Group is the biggest investor among these, owning 9.2 million shares that are worth $414 million.