5 Most Popular EV Stocks Among Famous Hedge Funds

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In this article, we discuss the 5 most popular EV stocks among famous hedge funds. If you want our detailed analysis of the EV market, go directly to 10 Most Popular EV Stocks Among Famous Hedge Funds.

5. Livent Corporation (NYSE:LTHM)

Number of Hedge Fund Holders: 27

For more than 60 years, Livent Corporation (NYSE:LTHM) has been engaged in providing lithium technology that has the potential to change the energy sector. Livent Corporation (NYSE:LTHM) produces energy storage and battery systems, among other related products, using performance lithium compounds that create long-lasting batteries which are an essential part of the EV ecosystem. 

On November 4, Livent Corporation (NYSE:LTHM) announced Q3 earnings, posting an EPS of $0.03, missing estimates by -$0.01. The revenue came in at $103.60 million, outperforming estimates by $7.60 million, up 42.70% year-over-year. 

Mizuho analyst Christopher Parkinson on November 9 raised the price target on Livent Corporation (NYSE:LTHM) to $31 from $26 and kept a Neutral rating on the shares following the “solid” quarter. According to the analyst, Livent Corporation (NYSE:LTHM) is clearly making progress with improving execution.

Robert Karr’s Joho Capital is one of the leading Livent Corporation (NYSE:LTHM) stakeholders from Q3, increasing its stake in the company by 14%, holding 4.27 million shares worth $98.75 million. Overall, 27 hedge funds in the database of Insider Monkey reported owning stakes worth $277.4 million in Livent Corporation (NYSE:LTHM) in Q3. This is compared to the same number of funds being bullish on the stock in the previous quarter, with stakes valued at $251.1 million. 

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