5 Best Lithium Stocks To Buy Now

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In this article, we will take a look at 5 of the best lithium stocks to buy now. To go through our analysis of the lithium industry and its impacts on the battery and EV sectors, go directly to the 13 Best Lithium Stocks To Buy Now.

5. Sensata Technologies Holding plc (NYSE:ST)

Number of Hedge Fund Holders: 28

Sensata Technologies Holding plc (NYSE:ST) is an engineering technology company specializing in the sale of sensors and related products for automobiles and aircraft. The company also provides battery management systems designed to evaluate battery charge rates, performance, and various parameters.

In Q3 2023, Sensata Technologies Holding plc (NYSE:ST) demonstrated strong financial performance, achieving an adjusted EPS of $0.91. This marked a significant 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 saw 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.

In the third quarter of the current year, 28 out of the 910 hedge funds in Insider Monkey’s database held a stake in Sensata Technologies Holding plc (NYSE:ST). The largest investor among them is Robert Joseph Caruso’s Select Equity Group, owning 6.62 million shares valued at $250.67 million.

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