5 Best EV Battery Stocks To Buy in Late 2023

4. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 41

Albemarle Corporation (NYSE:ALB) is a specialty chemicals manufacturing company headquartered in Charlotte, North Carolina. The company operates through three main divisions: lithium, bromine specialties, and catalysts. It is noteworthy that Albemarle became the leading supplier of lithium for electric vehicle batteries by the year 2020.

At the close of Q2 2023, 41 hedge funds were long Albemarle Corporation (NYSE:ALB) and disclosed stakes worth $436.49 million in the company. The hedge fund sentiment for the stock is positive. As of the second quarter, Philippe Laffont’s Coatue Management is one of the top investors in Albemarle Corporation (NYSE:ALB) and has stakes worth $154.34 million in the company.