11 Most Promising EV Battery Stocks According to Analysts

8. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Average Analyst Price Target Upside as of September 12: 9

Number of Hedge Fund Holders: 43.79%

One of the most promising EV battery stocks, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a major player in the global mining and chemical industries and is based in Chile. It was founded in 1968, and the company has developed into one of the world’s largest producers of lithium, iodine, and specialty plant nutrients.

It holds strategic access to vast mineral reserves in Chile’s Atacama Desert, including some of the highest concentrations of lithium globally. The resources support its leading role in the supply chain for critical minerals used in EVs, renewable energy storage, and other industries. With a presence in over 100 countries, SQM has steadily expanded its operations and is positioned as a noteworthy supplier in the transition to a greener economy.

The company’s dominant position in the lithium market, which is supported by its access to world-class mineral reserves, offers a strong growth trajectory, especially as demand for electric vehicles and energy storage solutions continues to grow. The company’s strategic expansion efforts, such as increasing lithium production capacity and investing in global partnerships, show its ability to capitalize on the rapidly growing lithium demand.

Additionally, its diversified portfolio, which includes iodine and plant nutrients, adds resilience to its business model. As global industries shift toward renewable energy and electric vehicles, SQM is well-positioned to benefit from rising market demand and its strong foothold in lithium production.

Moreover, the median price target for the stock among 17 analysts is $55, which represents an upside of 43.79% from current levels, as of September 12.

In Q2, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) stock was held by 9 hedge funds, valued at $44.8 million. Kopernik Global Investors is the biggest shareholder of the company, as of June 30, after it initiated a position with 640,997 shares, worth $26.12 million in the quarter.