12 Best EV Battery Stocks to Buy in 2025

9) Solid Power, Inc. (NASDAQ:SLDP)

Number of Hedge Fund Holders: 12

Solid Power, Inc. (NASDAQ:SLDP) develops solid-state battery technologies for EVs and other markets in the United States. Chris Pierce from Needham reiterated the “Buy” rating on the company’s stock, given Solid Power, Inc. (NASDAQ:SLDP)’s strategic positioning and financial stability. As per the analyst, the company possesses strong potential in the all-solid-state batteries space, primarily in the EV. This stems from the advantages such batteries provide, including improved range and safety.

Solid Power, Inc. (NASDAQ:SLDP) enjoys a unique position, given the strong relationships with original equipment manufacturers (OEMs). This enables it to leverage both battery cell designs and electrolyte solution sales. Furthermore, the company has a strong foundation to sustain operations until 2028 at the current expenditure rate. Therefore, these factors highlight Solid Power, Inc. (NASDAQ:SLDP)’s growth potential and stability in the evolving battery market.

The US Department of Energy has selected the company for up to $50 million award negotiation for continuous production of sulfide-based solid electrolyte materials for advanced all-solid-state batteries. Solid Power, Inc. (NASDAQ:SLDP) remains focused on expanding electrolyte capabilities and available market via increased production and a robust sampling program. Also, it plans to strengthen its Korean presence and embed itself into the Korean battery ecosystem.