5 EV Materials Stocks to Invest In

In this article, we discuss the 5 EV materials stocks to invest in. If you want to read about some more EV materials stocks, go directly to 10 EV Materials Stocks to Invest In.

5. Livent Corporation (NYSE:LTHM)

Number of Hedge Fund Holders: 30   

Livent Corporation (NYSE:LTHM) manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications. In early August, auto giant General Motors announced that it would be paying Livent Corp close to $200 million as a prepayment for a six-year guaranteed supply of lithium. The former said that the prepayment would lay the ground for the expansion of a business partnership in the coming years. 

On August 8, investment advisory CICC initiated coverage of Livent Corporation (NYSE:LTHM) stock with an Outperform rating and a price target of $27.30. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Livent Corporation (NYSE:LTHM), with 75.9 million shares worth more than $206.6 million.