5 Cheap Lithium and Battery Stocks to Invest In

4. Ultralife Corporation (NASDAQ:ULBI)

Number of Hedge Fund Holders: 3

Real-Time Share Price as of December 14: $5.19  

Ultralife Corporation (NASDAQ:ULBI) makes and sells electronic systems. In May, the share price of the firm had jumped more than 37% after it nabbed a $168 million contract, with option to extend to $350 million, from the US Army for purchases of Conformal Wearable Batteries. 

Ultralife Corporation (NASDAQ:ULBI) has a market cap of $83 million and posted more than $107 million in revenue last year. The company is headquartered in New York and was founded in 1990. It employs over 500 people. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in Ultralife Corporation (NASDAQ:ULBI) with 245,758 shares worth more than $1.7 million.