5 Lithium Stocks Billionaires Are Loading Up On

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In this article, we discuss 5 lithium stocks billionaires are loading up on. If you want to see more stocks in this selection, check out 10 Lithium Stocks Billionaires Are Loading Up On

5. FREYR Battery (NYSE:FREY)

Number of Hedge Fund Holders: 20

Number of Billionaire Investors: 7

FREYR Battery (NYSE:FREY) is involved in the manufacturing and distribution of battery cells used in applications such as energy storage systems, electric mobility, marine, and aviation. The company specializes in the design and production of lithium-ion battery cell facilities. FREYR Battery (NYSE:FREY) stock was held 7 billionaire in the first quarter of 2023, including billionaire Louis Bacon’s Moore Global Investments

On March 28, FREYR Battery (NYSE:FREY) disclosed its discussions regarding a potential strategic alliance with Glencore, Caterpillar, Siemens, and Nidec. The aim of this coalition is to expand the implementation of sustainable battery solutions across Europe, North America, and other regions. Once established, this strategic partnership will enable exploration of shared interests throughout the battery value chain. Possible areas of collaboration include battery cell manufacturing, integration of battery packs and modules, digital and software services, mining and refining, stationary storage applications for the power market, electric transportation, as well as recycling and end-of-life solutions.

According to Insider Monkey’s first quarter database, 20 hedge funds were bullish on FREYR Battery (NYSE:FREY), compared to 27 funds in the prior quarter.

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