The Top 3 Battery Stocks to Buy in April 2024

The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright. The electric vehicle battery market is projected to grow significantly from 2024 to 2029. As per Mordor Intelligence, the market could reach $178 billion by 2029, growing at an impressive CAGR of 23.5%. The demand for batteries increased by 65% to 550 GWh in 2022, as per IEA. The rising sales of electric passenger cars, particularly in China and the United States, mainly drive that growth. Amidst this backdrop, certain EV battery makers stand out for their innovative approaches, strategic partnerships and robust financial performance. These companies are strategically positioned to capitalize on the increasing demand from major automakers. Thus, here are three battery stocks well-positioned to provide solid returns to investors....

InvestorPlace - 4/23/2024 6:10:00 AM More News for ALB
Stock Analysis for ALB
Related Stocks: GM,ENVX,SSTK,0A8F-LN,ALB,8GM-GF,8GM-GM,8GM-GY,8GM-GH,8GM-GS,8GM-GI,8GM-GD,8GM-GB,0HC7-LN,WUC-GF,WUC-GM,WUC-GS,WUC-GB,LAC-CT,LAC,LTUM