In this article, we discuss the 5 best battery stocks to buy now. If you want to read our comprehensive analysis of the battery industry, go directly to the 11 Best Battery Stocks to Buy Now.
5. Albemarle Corporation (NYSE:ALB)
Share Price Growth Over the Last 12 Months: 126%
Number of Hedge Fund Holders: 28
Albemarle Corp (NYSE: ALB) is another company that sits at the very heart of the lithium supply chain. Lithium is the primary material used in batteries all over the globe and the ongoing boom in electric vehicles spell nothing but good news for the company. It is headquartered in Charlotte, North Carolina and is responsible for providing lithium to battery manufacturers. The company is the largest lithium supplier for electric vehicle batteries, and the material accounted for 40% of its $3.2 billion net sales.
4. BYD Company Limited (OTC:BYDDF)
Share Price Growth Over the Last 12 Months: 130%
Number of Hedge Fund Holders: 2
BYD Company Limited (OTC: BYDDF) is one of the largest battery manufacturers in the world, as it supplies several electrical vehicle companies with power packs to power their products. The company has two subsidiaries that target the automotive and consumer electronics markets. According to research from KPMG, BYD Company Limited (OTC: BYDDF) was the second-largest supplier of batteries to the Chinese electric vehicle segment in 2018, 2019 and 2020. During the three years, BYD’s share of Chinese electric vehicle installed battery capacity stood at 11.4GWh, 10.75GWh and 9.48GWh, respectively, to account for 15% of the total market in 2020.
3. Lithium Americas Corp. (NYSE:LAC)
Share Price Growth Over the Last 12 Months: 113%
Number of Hedge Fund Holders: 9
Lithium Americas Corp. (NYSE: LAC), lies at the very heart of the battery supply chain. The company is headquartered in Vancouver, Canada and it is responsible for mining the very material which sits at the heart of lithium-ion batteries. This material is lithium and Lithium Americas Corp. (NYSE: LAC) has projects in Argentina and the American state of Nevada. Its project in Argentina has a 40-year life with an estimated annual output of 40,000 tpa and is expected to kick off production next year. The Nevada project has a 46-year life with an estimated annual output of 60,000 tpa and it is also expected to enter production next year.
2. Livent Corporation (NYSE:LTHM)
Share Price Growth Over the Last 12 Months: 177%
Number of Hedge Fund Holders: 27
Livent Corporation (NYSE: LTHM) is headquartered in Philadelphia, Pennsylvania, United States, and it is another crucial lithium supplier which sits at the heart of the supply chain. It offers eight different types of lithium for the electric vehicle sector, including variants such as micronized battery grade lithium carbonate and simple battery-grade lithium carbonate. Additionally, its high purity lithium hydroxide monohydrate is used in other applications within the electric vehicle sector.
1. Piedmont Lithium Inc. (NASDAQ:PLL)
Share Price Growth Over the Last 12 Months: 35%
Number of Hedge Fund Holders: 8
Piedmont Lithium Limited (NASDAQ: PLL) is headquartered in North Carolina, United States, and it focuses on providing lithium hydroxide to battery manufacturers. It focuses on the hard rock mining of the spodumene ore, which involves extracting the material from the Earth and then processing it to create lithium suitable for use in batteries. The company is currently targeting an output of 160,000 tons of spodumene annually to process it into 22,700 tons of battery-grade lithium.
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