5 Most Promising EV Battery Stocks According to Analysts

In this article, we discuss the 5 most promising EV battery stocks according to analysts. To read the detailed analysis of the EV battery industry, go directly to the 11 Most Promising EV Battery Stocks According to Analysts.

5. Nouveau Monde Graphite Inc. (NYSE:NMG)

Stock Price: $2.53

Average Analyst Price Target: $6.10

Average Analyst Price Target Upside: 141.23%

Nouveau Monde Graphite Inc. (NYSE:NMG) is a Canadian company that focuses on graphite-based material solutions utilized in the lithium-ion and fuel cell markets. Nouveau Monde Graphite Inc. (NYSE:NMG) is one of the most promising EV battery stocks according to analysts.

On November 14, Roth MKM analyst Joe Reagor lowered the price target on Nouveau Monde Graphite Inc. (NYSE:NMG)’s stock to $5.30 from $9 and maintained a Buy rating on the shares.

3 Wall Street analysts covered Nouveau Monde Graphite Inc. (NYSE:NMG) over the last three months, and all kept a Buy-equivalent rating on the stock. As of the December 21 market close, the average price target of $6.10 had an upside of 141.23%.

4. Standard Lithium Ltd. (NYSE:SLI)

Stock Price: $2.10

Average Analyst Price Target: $6.54

Average Analyst Price Target Upside: 211.31%

Standard Lithium Ltd. (NYSE:SLI) is a Canadian commercial lithium development company that runs two projects, the LANXESS Property Project and the South West Arkansas Project, and is involved in the resource development of mineral leases.

According to Insider Monkey’s database, 5 hedge funds were bullish on Standard Lithium Ltd. (NYSE:SLI)’s stock in the third quarter, up from 4 in the previous quarter. Thomas Soviero’s Soviero Asset Management owned 240,000 company shares worth $679,200, making it the most prominent investor in the company.

On November 14, Roth MKM lowered the price target on Standard Lithium Ltd. (NYSE:SLI)’s stock to $7.25 from $8.25 and kept a Buy rating on the shares.

3. Amprius Technologies, Inc. (NYSE:AMPX)

Stock Price: $3.74

Average Analyst Price Target: $12.25

Average Analyst Price Target Upside: 227.54%

Amprius Technologies, Inc. (NYSE:AMPX) is a California-based company that develops and manufactures energy and power lithium-ion batteries.

In the third quarter, Amprius Technologies, Inc. (NYSE:AMPX) posted its third-quarter earnings result with a GAAP EPS of -$0.10 and revenue of $2.8 million which jumped 250.0% year-over-year (YoY).

On November 6, Amprius Technologies, Inc. (NYSE:AMPX) announced that it got purchase orders of custom cells from the company’s 450 Wh/kg ultra-high-energy density platform

from three leading electric aviation manufacturers.

In the third quarter, according to Insider Monkey’s database, 4 hedge funds had investments in Amprius Technologies, Inc. (NYSE:AMPX)’s stock at a total stake value of $799,661.

2. American Lithium Corp. (NASDAQ:AMLI)

Stock Price: $1.24

Average Analyst Price Target: $4.16

Average Analyst Price Target Upside: 235.48%

American Lithium Corp. (NASDAQ:AMLI) is a Canadian company that is focused on developing large-scale lithium projects.

On November 16, National Bank analyst Lola Aganga raised the price target on American Lithium Corp. (NASDAQ:AMLI)’s stock to C$5 from C$4.60 and maintained an Outperform rating on the shares.

4 Wall Street analysts covered American Lithium Corp. (NASDAQ:AMLI) over the last three months, and all kept a Buy rating on the stock. The average price target of $4.16 had an upside of 235.48% as of the December 21 market close.

1. Microvast Holdings, Inc. (NASDAQ:MVST)

Stock Price: $1.21

Average Analyst Price Target: $8.00

Average Analyst Price Target Upside: 561.16%

Microvast Holdings, Inc. (NASDAQ:MVST) is a Texas-based company that is engaged in the designing, development, and manufacturing of lithium-ion battery solutions. It tops our list of the most promising EV battery stocks.

On November 9, Microvast Holdings, Inc. (NASDAQ:MVST) posted its Q3 non-GAAP EPS of -$0.03, topping the analysts’ estimates by $0.02. The revenue rose by 117.1% YoY to $80.1 million, topping the estimates by $3.68 million.

According to Insider Monkey’s database, 13 hedge funds were bullish on Microvast Holdings, Inc. (NASDAQ:MVST)’s stock in both Q3 and Q2, but the combined stake value increased to $24.898 million in the third quarter, compared to $18.256 million in the previous quarter.

On November 29, Cantor Fitzgerald started coverage of Microvast Holdings, Inc. (NASDAQ:MVST)’s stock with an Overweight rating and a $8 price target. The firm highlighted the company’s increasing production and innovation throughout the critical components of the battery.

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