5 Most Promising EV Stocks According To Hedge Funds

4. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Investors In Q3 2023: 37

Albemarle Corporation (NYSE:ALB) is one of the most important firms in the EV supply chain since it provides lithium that is used to make batteries. The firm has beaten analyst EPS estimates in three out of its four latest quarters and the shares are rated Buy on average.

For their September quarter of 2023 shareholdings, 37 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s shareholders. Albemarle Corporation (NYSE:ALB) ‘s largest hedge fund shareholder is Philippe Laffont’s Coatue Management through its $100 million stake.

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