5 Cheap Lithium and Battery Stocks to Invest In

2. CBAK Energy Technology, Inc. (NASDAQ:CBAT)

Number of Hedge Fund Holders: 6  

Real-Time Share Price as of December 14: $2.04  

CBAK Energy Technology, Inc. (NASDAQ:CBAT) makes and sells lithium batteries. The company posted third quarter earnings on November 12, reporting earnings per share of $0.23 and a revenue of $9.6 million. 

On November 19, CBAK Energy Technology, Inc. (NASDAQ:CBAT) announced that it had begun operations at a lithium battery manufacturing plant in the Jiangsu province of China that is equipped with an initial annual capacity of 0.7 GWh. 

At the end of the third quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $2 million in ACBAK Energy Technology, Inc. (NASDAQ:CBAT), compared to 5 in the preceding quarter worth $1.8 million.