Published on 19 Sep 2024 on Insider Monkey · via Yahoo Finance
Ultralife Corporation (ULBI): Hedge Funds Are Bullish On This Lithium Stock...
We recently compiled a list of the 11 Biggest Lithium Stocks to Buy Right Now. In this article, we are going to take a look at where Ultralife Corporation (NASDAQ:ULBI) stands against the other lithium stocks.
Despite challenges like pricing and demand headwinds in 2023, the U.S. and Canadian lithium sectors are set to make progress in 2024, with several construction projects potentially starting to boost domestic lithium supply. According to an S&P Global report, while the lithium market has seen slow activity and falling prices, especially in Asia, long-term demand fundamentals remain strong due to the global transition toward electric vehicles (EVs) and energy storage.