5 Best Small-Cap Nickel Stocks to Buy Now

3. Trinseo PLC (NYSE:TSE)

Number of Hedge Fund Holders: 15    

Market Capitalization as of August 19: $1.1 billion   

Trinseo PLC (NYSE:TSE) makes and sells plastic and latex products. Nickel is sometimes used in a combination of other materials for nickel butadiene rubber, a product offered by Trinseo. In late June, the company announced that it would be partnering with GMP, a circular business innovation firm in the Netherlands, to develop new recycling techniques for polystyrene. The company recently posted a 12% year-on-year increase in revenue for the second quarter of 2022. 

On August 11, Deutsche Bank analyst David Begleiter downgraded Trinseo PLC (NYSE:TSE) stock to Hold from Buy and lowered the price target to $34 from $42, noting that the firm had begun to see slowing demand for products. 

At the end of the first quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $28 million in Trinseo PLC (NYSE:TSE), compared to 10 in the preceding quarter worth $6 million.