5 Best Lithium Battery Stocks to Buy Now

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In this article, we will discuss the 5 best lithium battery stocks to buy now. If you want to explore similar stocks, you can read 11 Best Lithium Battery Stocks to Buy Now.

5. FREYR Battery (NYSE:FREY)

Number of Hedge Fund Holders: 22

FREYR Battery (NYSE:FREY) is a global provider of energy storage and electric mobility solutions. The company offers a wide range of products and services for residential, commercial, and industrial applications. FREYR Battery (NYSE:FREY) is ranked among the best lithium battery stocks to buy now and is worth $1.70 billion on the open market, as of November 24.

On September 21, Morgan Stanley analyst Adam Jonas raised his price target on FREYR Battery (NYSE:FREY) to $26 from $18 and reiterated an Overweight rating on the shares, and also named the stock his “Top Pick” in the North American autos segment. This October, Cowen analyst Gabe Daoud took coverage of FREYR Battery (NYSE:FREY) with an Outperform rating.

At the end of Q3 2022, 22 hedge funds were bullish on FREYR Battery (NYSE:FREY) and disclosed stakes worth $381.2 million in the company. This is compared to 16 positions in the preceding quarter with stakes worth $205.2 million. The hedge fund sentiment for the stock is positive. As of September 30, Sylebra Capital Management is the top investor in the company and has a position worth $182.3 million.

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