Is Carpenter Technology Corporation (CRS) Among the Best Nickel Stocks to Buy According to Hedge Funds?
From Yahoo Finance: 2025-04-28 11:19:00
The nickel industry is booming with a projected global market size of $73.15 billion by 2032. However, investing in nickel stocks can be challenging due to fluctuating prices and market uncertainties. Despite this, the demand for nickel from electric vehicle batteries is expected to grow by 15-20% globally by 2030.
Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer of specialty metals, including nickel alloys. Their recent financial results for Q2 2025 showed strong performance, with a nearly doubled EPS and a 70% increase in quarterly operating income. Analysts are optimistic about CRS’s long-term growth potential, with an estimated compound annual growth rate of 25%.
In light of global trade tensions and a supply surplus, the Asian nickel market may continue to face pressure in the coming months. This is due to higher Indonesian production levels and weak demand from key industries like electric vehicles and stainless steel. The global primary nickel market is expected to remain oversupplied in 2025.
Carpenter Technology Corporation (NYSE:CRS) tops the list of the 12 Best Nickel Stocks to Buy According to Hedge Funds. With a strong financial performance and positive outlook, CRS is positioned for growth. However, while nickel stocks hold potential, investing in AI stocks may offer higher returns in a shorter time frame. Check out the report on the cheapest AI stock for more promising investment opportunities.