Today we are going to take a look at the 5 best lithium stocks to buy now, based on Insider Monkey’s latest article. There’s a continuously growing demand for lithium as they are used in electric vehicles and other non-car electric vehicles, such as e-3 wheelers, e-bikes, and e-buses, just to name a few. Lithium batteries are smaller and last longer than others. Since the plan is to reach the net-zero emissions by 2050 in the US lithium batteries and electric vehicles see a boom nowadays.
So what are the best lithium stocks to buy? Keep up reading as we have brought up with three of them just as a short foretaste. Energizer Holdings, Inc stands on the fifth spot with 26 hedge funds and a total value of hedge fund holdings of $170 million. Energizer batteries can be found in nearly every households and are extremely popular worldwide. The company operates in producing various batteries that use lithium, such as carbon size, alkaline and silver oxide constructions. Earlier in February, Energizer reported a quarterly dividend of $0.30 per share of common stock, and can be paid 11th March, 2021. By the end of 2020, Mario Gabelli’s GAMCO Investors increased their stake in Energizer by 5% having 1.7 million shares with a total value of $74 million. Energizer is followed by Johnson Controls, Inc. on the fourth spot with having 34 hedge funds and a total value of hedge fund holdings of $795 million. Johnson Controls, Inc. is headquartered in Cork, Ireland. The firm is involved in producing HVAC, fire and building safety equipment. According to Insider Monkey, Johnson Controls will build domestic manufacturing capacity for advanced batteries for electric and hybrid vehicles for the United States. The dividend yield is 1.85% currently. FMC Corporation is on the second spot with having 45 hedge funds and a total value of hedge fund holdings of $571 million. FMC corporation is among the most valued providers of lithium across the globe. As of 2020, the company was awarded as the” best R&D Pipeline and Best Biological Product (Biostimulant) category”. In December 2020, FMC Corp. announced a quarterly dividend of $0.48 per share that could be paid on 21st January, 2021. Actually, it increased of 9.1%. The largest stakeholder is Ross Tuner’s Pelham Capital with owning 1.04 million shares with a total value of $119 million. If you want to follow all the best lithium stocks to buy now, please click and jump to see the entire original article.
Pixabay/Public domain
