8 Biggest EV Stocks to Watch in 2025

5. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 42

Rock Hoffman of Bank of America Securities stated in a published research report that he still had a buy recommendation on Albemarle Corporation (NYSE:ALB), with a price target of $93.00. The closing price of the company’s shares yesterday was $62.30. It is one of the best EV stocks.

According to Albemarle Corporation (NYSE:ALB)’s most recent financial report, the company made $1.08 billion in revenue and $41.35 million in net profit for the quarter that ended on March 31. In contrast, the business made $1.36 billion in revenue and $2.45 million in net profit the previous year.

Albemarle Corporation (NYSE:ALB) is among the biggest producers of lithium worldwide. The primary source of demand for lithium in the lithium business is batteries, which employ lithium as an energy storage material, especially in electric vehicles. The firm is a complete manufacturer of lithium.