12 Best EV Battery Stocks to Buy in 2025

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8) Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 16

Sigma Lithium Corporation (NASDAQ:SGML) is a leading global lithium producer, which focuses on offering carbon-neutral, sustainable lithium concentrate for EV batteries. Bank of America Securities analyst Steve Byrne reiterated a “Buy” rating on the company’s shares, setting a price target of $16.00. The analyst’s rating stems from a combination of factors such as the constructive medium- to long-term outlook for lithium pricing, even though there have been some short-term adjustments.

As per the analyst, despite oversupply resulting in lowered price recovery expectations in 2025, the strong growth in EV production and expected costlier incremental production support a positive future for the broader lithium prices, benefiting Sigma Lithium Corporation (NASDAQ:SGML). With the increased EV adoption, global lithium prices are anticipated to increase. Therefore, Sigma Lithium Corporation (NASDAQ:SGML) can benefit from this sustained long-term demand.

Despite volatile lithium prices, long-term expectations are positive as a result of higher EV penetration and supply chain constraints. Sigma Lithium Corporation (NASDAQ:SGML)’s cost-efficient operations are expected to enable it to remain profitable even during a challenging environment for lithium prices. The company significantly exceeded its Q4 2024 target with the production of ~75,000 tonnes and achieving a total of ~240,000 tonnes in production and sales volumes for the year. Given its strong operational performance and commitment to sustainable growth, Sigma Lithium Corporation (NASDAQ:SGML) is well-placed to exceed its 2025 production target of 270,000 tonnes.

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