Lithium Stocks List: 5 Biggest Lithium Stocks

3. Albemarle Corporation (NYSE:ALB)

Market Capitalization as of September 29: $19.95 billion

Albemarle Corporation (NYSE:ALB) is a company focused on specialty chemicals manufacturing, with its headquarters situated in Charlotte, North Carolina. The company functions through three primary divisions: lithium, bromine specialties, and catalysts. Notably, Albemarle emerged as the largest supplier of lithium for electric vehicle batteries as of the year 2020.

Earlier this August, Albemarle Corporation (NYSE:ALB) released its results for the second quarter. The adjusted earnings per share (EPS) for the quarter stood at $7.33, surpassing expectations by $2.81. The quarterly revenue witnessed a substantial increase of 60.1% compared to the same period the previous year, although it fell short of estimates by $20 million.

At the close of Q2 2023, 41 hedge funds were long Albemarle Corporation (NYSE:ALB) and disclosed stakes worth $436.49 million in the company. The hedge fund sentiment for the stock is positive. As of the second quarter, Philippe Laffont’s Coatue Management is one of the top investors in Albemarle Corporation (NYSE:ALB) and has stakes worth $154.34 million in the company.