5 Cheap Lithium Stocks to Buy Now

4. Ultralife Corporation (NASDAQ:ULBI)

Number of Hedge Fund Holders: 2 

Real-Time Share Price as of April 18: $4.80 

Ultralife Corporation (NASDAQ:ULBI) markets electronics components and equipment. In late 2021, the firm had announced the acquisition of Excell Battery Group in a deal worth $23 million. The latter makes and sells smart battery systems, battery packs and monitoring systems. Between November 2020 and November 2021, Excell generated around $23 million in revenue. Ultralife also recently won a Defense Logistics Agency contract for the lithium manganese dioxide, non-rechargeable BA-5390 batteries. 

Some of the products that Ultralife Corporation (NASDAQ:ULBI) sells include lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable batteries, lithium-ion cells, multi-kilowatt module lithium ion battery systems, and power supplies. 

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 256,090 shares worth more than $1.5 million.