In this article, we discuss the 5 Best Lithium Stocks to Buy Now. If you want to read our detailed analysis of the lithium industry, go directly to 11 Best Lithium Stocks to Buy Now.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best lithium stocks to buy now:
5. Energizer Holdings, Inc (NYSE: ENR)
No of HFs: 26
Total Value of HF Holdings: $170 Million
The everyday household battery supplier, Energizer Holdings, Inc. ranks 5th in our list of best lithium stocks to buy now. ENR specializes in different batteries using lithium, alkaline, carbon size, and silver oxide constructions. On February 1, the company announced a quarterly dividend of $0.30 per share of common stock, payable on March 11, 2021, to shareholders of record on February 19, 2021.
There were 26 hedge funds that hold a position in Energizer by the end of December, compared to the 28 funds in the third quarter. In the fourth quarter, Mario Gabelli’s GAMCO Investors boosted their stake in ENR by 5%. The fund had 1.7 million shares, worth $74 million.