5 Best Lithium And Battery Stocks To Buy Now

4. FREYR Battery (NYSE:FREY)

Number of Hedge Fund Holders: 27

FREYR Battery (NYSE:FREY) is involved in the manufacturing and marketing of lithium-ion battery cells for energy storage systems, electric mobility, marine, and aviation applications. At the end of the fourth quarter of 2022, 27 hedge funds were long FREYR Battery (NYSE:FREY) and held stakes worth $288.5 million in the company.

This February, BofA analyst Julien Dumoulin-Smith started coverage of FREYR Battery (NYSE:FREY) with a Buy rating and a $13 price target. The stock is one of the best lithium and battery stocks to buy now.

As of December 31, Sylebra Capital Management was the most prominent investor in FREYR Battery (NYSE:FREY) and disclosed a position worth $71.8 million in the company.

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