The post Best EV Battery Stocks by Marc Guberti appeared first on Benzinga. Visit Benzinga to get more great content like this.
Invest in the best EV battery stock with Interactive Brokers.
Tesla led the charge for electric vehicles (EVs), and more car companies are incorporating electric vehicles into their line-ups. Those cars and trucks require EV batteries. As the demand for electric vehicles grows, companies producing EV batteries are likely to get more orders, presenting an opportunity for investors. Individuals who want EV battery stocks in their portfolios may want to consider these eight picks.
8 Best EV Battery Stocks Right Now
The EV industry is growing, and batteries are core components that aid EV growth. Investors looking to profit from EV batteries may want to scoop up these stocks.
| Symbol | Company | % Change | Price | Dividend Yield | Invest |
|---|---|---|---|---|---|
| PCRFY | Panasonic Holdings |
+ 0%
|
$11.96 | 0.2155 / 1.8% | Buy stock |
| BYDDY | BYD |
+ 0.56%
|
$67.95 | 0.3312 / 0.49% | Buy stock |
| NNOMF | Nano One Materials |
+ 0%
|
$2.58 | N/A | Buy stock |
| SLDP | Solid Power |
– 7.57%
|
$2.81 | N/A | Buy stock |
| HON | Honeywell Intl |
– 0.1%
|
$208.52 | 4.12 / 1.98% | Buy stock |
| ALB | Albemarle |
+ 1.82%
|
$243.44 | 1.6 / 0.66% | Buy stock |
| MVST | Microvast Holdings |
+ 0%
|
$2.72 | N/A | Buy stock |
| QS | QuantumScape |
+ 2.94%
|
$10.16 | N/A | Buy stock |
Table of contents
[Show]
1. Panasonic Holdings (OTCMKTS: PCRFY)
Panasonic Holdings (OTC:PCRFY)
11.960
0
[0%]
Sell
Trade Now
–
6.66 – 12.46
2.33B
0.00K/18.58K
27.92B
2.33B
0.2155/1.8%
26.320
0.00K
Panasonic has partnered with Tesla for several years to provide EV batteries. The company has multiple factories in the U.S. where it produces EV batteries. Shares have jumped by over 40% year-to-date. Panasonic is a profitable company with a 15 price-to-earnings (P/E) ratio and a 1.80% dividend yield.
2. BYD Co. (OTCMKTS: BYDDY)
BYD (OTC:BYDDY)
67.950
0
[0%]
Sell
Trade Now
–
42.72 – 79.5
1.46B
0.00K/17.15K
98.91B
1.46B
0.3312/0.49%
1.540
0.00K
BYD stock has rewarded investors with a 32% year-to-date gain. The Chinese-based company manufactures its own electric vehicles, but it also sells EV batteries and semiconductors. The company is positioned to benefit from its own vehicles and the rising demand for EV batteries. Warren Buffett holds a large stake in the company.
3. Nano One Materials Corp. (OTCMKTS: NNOMF)
Nano One Materials (OTC:NNOMF)
2.580
0
[0%]
Sell
Trade Now
2.57 – 2.62
1.59 – 3.09
2.62
103.13M
0.00K/47.36K
266.08M
103.13M
/0%
0.000
0.00K
Nano One Materials Corp has returned over 50% year-to-date for investors. The company produces critical cathode active materials that EV batteries need to function. Nano One Materials Corp technology can boost battery capacity, charge and cycling at lower costs. The company is a speculative EV battery stock with a market cap of a little above $250 million. Shares have more than doubled over the past five years.
4. Solid Power Inc. (NASDAQGS: SLDP)
Solid Power (NASDAQ:SLDP)
2.810
0
[0%]
Sell
Trade Now
–
1.83 – 7.75
177.83M
0.00K/2.62M
499.70M
177.83M
/0%
0.000
175.70M
Solid Power is a speculative EV battery stock that has gained 28% year-to-date. The company does not yet have a commercialized battery, but its partnership with BMW may get it across the finish line sooner. The battery can enable longer distances for EVs and make them less expensive.
5. Honeywell International Inc. (NASDAQ: HON)
Honeywell Intl (NASDAQ:HON)
208.520
-0.21
[-0.1%]
Sell
Trade Now
208.35 – 210.87
166.63 – 220.96
210.386
665.68M
0.00K/2.38M
138.81B
665.68M
4.12/1.98%
52.210
665.20M
Honeywell is an industrial conglomerate that has several business segments, including EV batteries. The company offers sensor and safety solutions for electric vehicle and EV battery manufacturers. The stock is barely down year-to-date but has gone up by 48% over the past five years. The company has a 27 P/E ratio and a dividend yield approaching 2%.
6. Albemarle Corp. (NYSE: ALB)
Albemarle (NYSE:ALB)
243.440
4.35
[1.82%]
Sell
Trade Now
240 – 246.71
171.82 – 334.2
240
117.34M
0.00K/2.25M
28.56B
117.34M
1.6/0.66%
5.080
102.74M
Albermarle produces lithium and other essential elements for EV batteries and other business verticals. ALB stock is only up by 11% year-to-date but has gained 150% over the past five years. The company pays a dividend yield below 1%, but some dividend is better than none. The P/E ratio is reasonable at a little under 8. Albermarle has had a few strong quarters lately, including the most recent quarter. In Q1 2023, the company reported a revenue increase of 129% year-over-year and net income growth of 334% year-over-year.
7. Microvast Holdings Inc. (NASDAQ: MVST)
Microvast Holdings (NASDAQ:MVST)
2.720
0
[0%]
Sell
Trade Now
–
0.88 – 3.495
309.43M
0.00K/4.59M
841.64M
309.43M
/0%
0.000
107.97M
Microvast is another speculative EV battery stock. The company has a $750 million market cap, and shares have jumped by 68% year-to-date. Microvast designs, develops and manufactures EV batteries. The company recently expanded its Colorado energy division to increase capacity. The company strives to position itself as a leader in the lithium-ion battery manufacturing industry.
8. QuantumScape Corp. (NYSE: QS)
QuantumScape (NYSE:QS)
10.160
0.29
[2.94%]
Sell
Trade Now
9.78 – 10.45
5.11 – 13.86
10.26
443.66M
0.00K/5.38M
4.51B
443.66M
/0%
0.000
294.22M
Many EV battery stocks are speculative, and QuantumScape is no exception. The company’s stock is up by over 80% year-to-date and has a $4.5 billion market cap. QuantumScape develops solid-state EV batteries. The company’s batteries can deliver enhanced safety and quicker charges for electric vehicles.
What is an EV Battery Stock?
EV battery stocks are investments that stand to benefit from the rising demand for electric vehicles. These vehicles need advanced batteries to run effectively, and an affordable battery can make EVs more affordable for consumers. Some EV battery stocks produce EV batteries, while others produce vital materials or provide services that are critical for EV battery manufacturers.
Why Invest in EV Battery Stocks?
EV battery stocks cater to investors who are bullish on electric vehicles. More automotive companies are experimenting with electric vehicles, and growing demand will require more EV batteries. Companies that produce these batteries or have access to the raw materials may stand to benefit from the rising demand for electric vehicles.
Where to Invest in EV Battery Stocks
Investors can choose from several brokerage firms to start investing in EV battery stocks. Here is a list of top brokers to consider.
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securely through Magnifi’s
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Magnifi is an intelligently designed marketplace that allows investors to access data-backed information about various investment opportunities. The company combines standard brokerage tools with artificial intelligence (AI) to promote financial competence. Magnifi distinguishes itself from the crowd by offering an AI-powered search feature and an AI-powered investment assistant. Magnifi offers a technology-forward platform that aims to promote confident and capable long-term financial investments.
Best For
- Long-term investors
- Individuals interested in personalized assistance
- New investors that are eager to learn how to start investing
- Access to an AI-powered investing assistant with a Magnifi Personal account
- Commission-free investing
- Over 15,000 possible investments
- Available mobile application
- Limited methods of communication with customer service
get started
securely through CenterPoint Securities’s
website
CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.
Best For
- Intermediate to Advanced traders
- High-volume traders
- Momentum traders
- Short sellers
- Unrivaled access to short inventory
- Flexible order routing for improved executions
- Discounts for active traders
- Advanced platform with fast executions
- Reliable customer service
- Not designed for beginner or low-volume traders
get started
securely through Webull’s
website
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best Robinhood alternatives.
Best For
- Active traders
- Intermediate traders
- Advanced traders
- No account maintenance fees or software platform fees
- No charges to open and maintain an account
- Intuitive trading platform with technical and fundamental analysis tools
- Does not support trading in mutual funds, bonds or OTC stocks
get started
securely through TD Ameritrade’s
website
This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Best For
- Novice investors
- Retirement savers
- Day traders
- World-class trading platforms
- Detailed research reports and Education Center
- Assets ranging from stocks and ETFs to derivatives like futures and options
- Thinkorswim can be overwhelming to inexperienced traders
- Derivatives trading more costly than some competitors
- Expensive margin rates
Do EV Battery Stocks Make Sense for Your Portfolio?
Some EV battery stocks are speculative, while other EV battery stocks use electric vehicles as one of their business segments. Risks vary based on which EV battery stocks you consider, but it is important to assess your portfolio and financial goals before committing to an investment.
Frequently Asked Questions
Who makes EV batteries for Tesla?
Tesla partners with several companies for EV batteries, but Panasonic is the top partner.
Answer Link
Which company is best for EV battery making?
Investors should assess several EV battery companies and decide which one makes sense for them based on their financial goals.
Answer Link
Where do EV batteries come from?
Most EV batteries come from China, but the materials required to produce EV batteries are spread out in different parts of the world.
Answer Link
Best EV Battery Stocks Methodology
The methodology for this list involved looking at EV stocks that rewarded investors year-to-date or over the past five years. This list featured a mix of profitable companies where EV batteries are a segment of a larger conglomerate, along with pure EV battery investments that have greater risk but also a higher potential reward.
The post Best EV Battery Stocks by Marc Guberti appeared first on Benzinga. Visit Benzinga to get more great content like this.