Lithium Stocks List: 5 Biggest Lithium Stocks

In this article, we will discuss the 5 biggest lithium battery stocks. If you want to explore similar stocks within the lithium industry, you can also take a look at Lithium Stocks List: 15 Biggest Lithium Stocks.

5. Enovix Corporation (NASDAQ:ENVX)

Number Of Hedge Fund Holders: 30

Enovix Corporation (NASDAQ:ENVX) is a leader in advanced silicon-anode lithium-ion battery development and production. The company’s proprietary 3D cell architecture increases energy density and maintains high cycle life. Enovix Corporation (NASDAQ:ENVX) is ranked among the biggest lithium stocks.

B. Riley analyst Christopher Souther initiated coverage of Enovix Corporation (NASDAQ:ENVX) with a Buy rating and $19 price target. According to Souther, the company’s advanced technology in lithium-ion batteries “will carve out significant share by 2025.” He adds that silicon anode cells “promise to dominate mobile communications,” and Enovix is in an early stage of commercialization, with initial cells already shipping to customers.

At the close of Q3 2022, 30 hedge funds were long Enovix Corporation (NASDAQ:ENVX) and held stakes worth $486.6 million in the company. This is compared to 23 positions in the previous quarter with stakes worth $273 million. As of the third quarter, Park West Asset Management is the largest investor in Enovix Corporation (NASDAQ:ENVX) and has a stake worth $166.7 million in the company.