5 Biggest Lithium Stocks to Invest In

3. QuantumScape Corporation (NYSE:QS)

Number of Hedge Fund Holders: 20 

QuantumScape Corporation (NYSE:QS) focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. On February 15, investment advisory Baird maintained a Neutral rating on QuantumScape Corporation (NYSE:QS) stock and raised the price target to $8 from $5. 

At the end of the fourth quarter of 2023, 20 hedge funds in the database of Insider Monkey held stakes worth $79 million in QuantumScape Corporation (NYSE:QS), the same as in the previous quarter worth $83 million.