7 Battery Stocks to Buy and Hold for Big-Time Gains

Investors are seeking battery stocks to buy and hold as ways to capitalize on the growing EV market.

With so many options available, it may be hard for an investor unfamiliar with renewable energy stocks to know the most profitable place to start. Investing in battery stocks to buy and hold is a safe method of building a portfolio that stands to benefit from the industry’s progress.

The reason to emphasize “holding” is the state of the markets. So far, in 2022, the stock market has been continuously volatile. Under these circumstances, anticipating quick returns for some players on this list is not a great approach.

When investing in a growing space, there will always be a certain amount of risk. However, to the victor go the spoils. As battery technology advances, these battery stocks to buy and hold are becoming an attractive option for investors who want to see returns on their investments over the long term.

NIO Nio $12.36
ENVX Enovix $11.30
BYDDF BYD $26.68
FREY FREYR Battery $11.12
SLDP Solid Power’s $2.55
PCRFY Panasonic $8.98
QS QuantumScape $7.12


Although Nio (NYSE:NIO) is a pure-play electric vehicle company, it makes sense as one of the battery stocks to buy and hold because it announced the production of batteries by 2024. The new battery packs will be 800 volts.

Even though there is still time for NIO to launch its battery packs, the company is already making strides in the electric vehicle market. The company delivered 14,178 units in November, representing a 30.3% year-over-year growth and approximately a 41% growth compared to the previous month.

Furthermore, NIO’s rapid expansion in Europe seems to hold a great future for the company. It announced the initiation of its operations in Europe in July last year. Its ET7 model has won the 2022 Golden Steering Wheel and was named the best car in the “best car in medium and upper-class category” by the German magazine Auto Bild.

Furthermore, China is the world’s largest electric vehicle market and continues to grow at an explosive pace. The country started subsidizing electric vehicles in 2009 and was expected to end the subsidies by December 2022. However, China’s Ministry of Industry and Information Technology extended the subsidy program till the end of 2023. In November, the country’s new electric vehicle sales grew by over 58% year-over-year to 598,000 units.

Enovix (ENVX)

Enovix (NASDAQ:ENVX) is the first to develop a 3D silicon lithium-ion cell with a 100% active silicone anode, making it one of the better battery stocks to buy and hold.

Standard lithium-ion batteries use a graphite anode with half the lithium storage capacity. This new technology allows electric vehicles to achieve a 98% charge in just ten minutes. The new cell has already driven the company ahead of the current electric vehicle race competition.

Additionally, the company announced the appointment in early November of T.J. Rodgers as its new executive chairman. Rodgers has a history of major achievements, such as saving Enphase Energy (NASDAQ:ENPH) from bankruptcy in 2017.


BYD (OTCMKTS:BYDDF) is one of the companies that is giving Tesla (NASDAQ:TSLA) a run for its money.

In the third quarter of 2022, Tesla delivered 343,830 vehicles, up 42% from the third quarter in 2021. On the other hand, BYD’s sales grew 153% year-over-year, with 230,427 all-electric and plug-in hybrid vehicles sold.

Moreover, in September, BYD announced that it is bringing its Blade Batteries technology to commercial electric vehicles. The technology allows up to 50% more free space, which allows the batteries to have increased capacity and reduction in weight, leading to a longer range.

Recently, it has come to investors’ attention that Warren Buffet is selling BYD shares which might feel like a scary moment for the company. However, Buffet has held the company shares for more than 10 years and only sold some of his stake in recent months.

FREYR Battery (FREY)

When discussing battery stocks to buy and hold, we cannot ignore FREYR Battery (NYSE:FREY). The company plans to become one of the biggest electric vehicle battery companies in the world soon.

Earlier this year, it announced the construction of a €1.6 billion gigafactory near the Arctic Circle. According to the company management, the plant is expected to reduce the per giga-watt per hour cost by 50% and per employee production to increase by 200% compared to other lithium-ion facilities.

In its recent earnings call presentation, FREYR secured the Customer Qualification Plant raw materials for the next two years, along with approximately 33% of necessary Giga Artica materials until 2028. The company has ensured its supply chain remains strong and can easily pass any hurdle for the next six years.

Solid Power (SLDP)

Solid Power’s (NASDAQ:SLDP) patented all-solid-state battery cell technology is getting a name in the electric vehicle battery industry as the innovation proves to be much better than the standard liquid electrolyte-based lithium-ion battery.

The solid-state battery technology makes the batteries lighter and helps them charge faster. These batteries will storm the electric vehicle market once they enter wide-scale production.

In the third quarter of 2022, Solid Power showed significant growth of 346.0% year-over-year to $2.8 million in revenue. In the first nine months of 2022, it generated $7.6 million in revenue versus $1.7 million last year.

However, with a total addressable market of roughly $220 billion by its estimates, Solid Power is not done growing yet. That makes it one of the best battery stocks to buy and hold.

Panasonic Holdings (PCRFY)

Panasonic (OTCMKTS:PCRFY) has plenty of room to maneuver in the EV space as a diversified conglomerate. That being said, the Japanese giant is taking a more focused approach.

That is why it created a subsidiary called Panasonic Energy. Through their collaboration with Tesla Motors, the battery business has experienced tremendous growth after Elon Musk’s company began mass production of its vehicles.

In response to the increased demand for Tesla’s EVs, Panasonic recently announced that it would set aside $4 billion for a second U.S. facility in Kansas dedicated solely to producing batteries for luxury electric vehicles.

In addition, Panasonic is partnering with Toyota (NYSE:TM) to adjust to the increasing demand for EVs. the price of EV batteries is high. Hence, Panasonic wants to use Toyota’s kaizen process to increase production and cut costs.

Prime Planet Energy & Solutions is committed to slashing costs by 60% by 2025 compared to 2020. The company will only grow and increase its expertise as it continues. According to a report from The Japan Times, the joint venture is looking for a seaport region location for a new domestic manufacturing site.

Panasonic is anticipating tripling its battery production by 2028. This will allow them to meet the growing demand for electric vehicles and provide a higher quality of vehicles. That makes it a gem in the category of battery stocks to buy and hold.

QuantumScape (QS)

QuantumScape (NYSE:QS) has been hit hard by the EV industry and has seen some big changes in the past few years.

The company’s market cap is down to $3.07 billion after a high of $50 billion. But it is still one of the biggest players in the EV space.

Investors need to be interested in the company since they’re currently working on a game-changing project. The anode-free lithium battery the company is working on can charge over multiple cycles and maintain integrity. It promises to be a huge disruptor for the EV industry. Hence, it is one of the top battery stocks to buy and hold.

Several companies are working on solid-state batteries. However, QuantumScape seems to have a leg up on the competition. While there is no way of knowing if this design proves commercially viable, the early prototypes show much promise.

Time will tell whether or not this battery can translate into a successful commercial product. But these prototypes make it seem like happier times are ahead for the company. Perhaps that is why notable investors like Bill Gates and Volkswagen (OTCMKTS:VWAGY) are backing this enterprise.

However, investors should approach QuantumScape cautiously, as there is no guarantee that it will live up to Wall Street expectations. Potential buyers should properly weigh their risks before investing in this one. It is best to keep only a small portion of their portfolio dedicated to the stock.

On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.

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