In this article, we will take a look at the 10 Best Battery Technology Stocks to Buy Now.
With the global market increasingly engaged in energy transition, battery technology is gaining more spotlight than ever. The trend is further complemented by the rising geopolitical pressures and supply chain constraints. On April 29, 2026, CNBC reported that Brent crude had crossed $121 per barrel owing to rising tensions in the Iran conflict and the unchanged restrictions in the Strait of Hormuz. Goldman Sachs noted that exports through the chokepoint had fallen to nearly 4% of normal levels. These developments tighten the traditional energy supply, reinforcing the investors’ focus on alternative energy storage solutions, including advanced battery systems.
The disruptions in oil markets have always driven long-term capital allocation towards the next-best alternative: electrification infrastructure, particularly electric vehicles and grid-scale storage. Against this backdrop, battery technology stocks reflect a segment strongly positioned at the focal point of industrial policy and technological innovation. While this creates an opportunity for investors, the choice is difficult to make with so many battery manufacturers, materials suppliers, and storage solution providers gaining strategic relevance.
In this regard, we have compiled a list of the 10 best battery technology stocks with high return potential.
Our Methodology
We have identified our 10 best battery technology stocks to buy now by screening for stocks with high upside potential. We ranked these stocks by the number of hedge funds holding a stake in each. The fourth-quarter 2025 hedge fund data available in the Insider Monkey database has been used for this purpose. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. All the pricing data are current as of market close on May 8, 2026.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. American Battery Technology Company (NASDAQ:ABAT)
Number of Hedge Fund Holders: 8
American Battery Technology Company (NASDAQ:ABAT) is one of the 10 Best Battery Technology Stocks to Buy Now.
On April 28, 2026, Maxim, an independent investment research firm, initiated coverage of American Battery Technology Company with a Buy rating. The firm has set a price target of $6 on the stock. The firm’s price target implies 75.70% upside from American Battery Technology Company’s (NASDAQ:ABAT) current price of $3.42.
Maxim has expressed confidence in the stock ahead of its Q3 fiscal results. The company’s third-quarter earnings are estimated to be released on May 13, 2026. Earlier this year, American Battery Technology Company reported Q2 2026 revenue of $4.76 million, along with record interest income, pushing total receipts to $5.1 million. The company also reported a strong cash balance of $48.7 million. Based on the earnings call, the company is expanding operations in both recycling and lithium extraction, which is expected to continue driving revenue momentum in Q3.
Founded in 2011, American Battery Technology Company is a US-based battery-recycling technology company. Based in Nevada, the company focuses on the sustainable production of battery-grade materials through the commercial-scale recycling of lithium-ion batteries and the development of new primary lithium resources.
9. Solid Power, Inc. (NASDAQ:SLDP)
Number of Hedge Fund Holders: 19
Solid Power, Inc. (NASDAQ:SLDP) is one of the 10 Best Battery Technology Stocks to Buy Now.
H.C. Wainwright initiated coverage of Solid Power, Inc. with a Buy rating. The firm’s analyst, Amit Dayal, set a price target of $7 on the stock. Solid Power, Inc. is a U.S. developer commercializing solid-state battery electrolytes, says the firm. In the research note, the firm further cited the company’s differentiated technology, which is designed to deliver step-change gains in energy density, safety, and efficiency, materially improving overall battery cell performance for the EV market.
Currently, the market awaits the company’s first quarter 2026 results, which will be released after market close on Tuesday, May 5, 2026. Since April 21, 2026, the stock has declined by 2.54%, while the monthly performance is positive at 17.35%. As of May 8, 2026, Solid Power, Inc. has a consensus Buy rating from 1 analyst, according to CNN. It also recorded a 1-year average upside potential of 127.64% from the analysts.
Founded in 2011, Solid Power, Inc. is an industry-leading developer of next-generation all-solid-state battery technology. Headquartered in Colorado, the company specializes in the development and commercialization of all-solid-state battery cells and solid-electrolyte materials for the EV market in the U.S.
8. SES AI Corporation (NYSE:SES)
Number of Hedge Fund Holders: 25
SES AI Corporation (NYSE:SES) is one of the 10 Best Battery Technology Stocks to Buy Now.
On April 27, 2026, SES AI Corporation saw its price target raised by Deutsche Bank from $1.30 to $1.40. The firm’s analyst maintained a Hold rating on the company’s stock.
Prior to this, on April 23, 2026, SES AI Corporation held its Q1 2026 earnings call, during which the company highlighted revenue of $6.7 million. Winnie Dong of Deutsche Bank participated in the earnings call and questioned SES leadership regarding the company’s multiyear distribution agreement and revenue outlook. The analyst’s inquiries focused on the $20 million contract with ATGE Power, specifically seeking clarity on the wholesale nature of the relationship and the timing of revenue recognition, which management confirmed occurs upon shipment. Dong also addressed the fiscal year revenue guidance of $30 million to $35 million. SES AI Corporation reaffirmed its guidance and stated that Energy Storage Systems (ESS) will be the primary contributor, ahead of drones and materials.
Founded in 2012, SES AI Corporation is a leader in high-performance lithium-metal battery technology. Headquartered in Massachusetts, the company develops AI-enhanced batteries for EVs, energy storage systems (ESS), and the emerging urban air mobility (drone) market.
7. Amprius Technologies, Inc. (NYSE:AMPX)
Number of Hedge Fund Holders: 27
Amprius Technologies, Inc. (NYSE:AMPX) is one of the 10 Best Battery Technology Stocks to Buy Now.
On May 6, 2026, Amprius Technologies, Inc. reported its Q1 2026 results, with revenue going beyond 2.5x year-over-year, reaching $28.5 million. The revenue growth was driven by approximately $500 million in new U.S. defense orders and a notable $21 million purchase order for light electric vehicles in China. Amprius Technologies, Inc. raised its full-year revenue outlook to at least $130 million and narrowed net losses significantly compared to the prior year.
These results from the first quarter of 2026 align with the “bull case” thesis covered by Insider Monkey earlier this year. It identified Amprius Technologies, Inc. as a pivotal investment after citing the transitions from R&D to commercial scaling under new CEO Tom Stepien. Additionally, the company is also improving its position in capturing the high-performance mobility market by leveraging a contract manufacturing strategy and industry-leading silicon anode technology. The latter offers energy densities nearly double that of conventional cells.
Founded in 2008, Amprius Technologies, Inc. is a pioneer in ultra-high energy density lithium-ion batteries. Headquartered in California, the company develops, manufactures, and markets lithium-ion batteries for industries including aviation, electric vehicles, and light electric vehicles.
6. Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
Number of Hedge Fund Holders: 32
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is one of the 10 Best Battery Technology Stocks to Buy Now.
On April 16, 2026, JPMorgan lowered its price target on Eos Energy Enterprises, Inc. from $9 to $6. Alongside the $3 cut, the firm kept a Neutral rating on the stock. The update was part of the adjustments to estimates for the clean energy and power infrastructure group in the first-quarter preview. JPMorgan highlights a “catalyst-rich environment” for the sector, driven by increasing data center contracts and order volumes. The firm’s analysts favor companies with strong balance sheets, diversified end markets, and notable exposure to U.S.-based manufacturing to maintain positive sentiment.
Earlier, on April 9, 2026, Eos Energy Enterprises, Inc. reported its preliminary Q1 revenue, with expectations in the range of $56 million – $57 million, driven significantly by record shipments and manufacturing output. The company also highlighted achieving a key milestone in the development of its second production line, also called Line 2. Financial results for the first full quarter of 2026 will be reported in May.
Founded in 2008, Eos Energy Enterprises, Inc. is a pioneer in sustainable long-duration energy storage. The New Jersey-based company designs, manufactures, and markets battery storage solutions for the electricity industry.
5. Fluence Energy, Inc. (NASDAQ:FLNC)
Number of Hedge Fund Holders: 33
Fluence Energy, Inc. (NASDAQ:FLNC) is one of the 10 Best Battery Technology Stocks to Buy Now.
Fluence Energy, Inc. saw its price target adjusted on May 8, 2026, by Susquehanna, a global quantitative trading and technology firm. While maintaining a positive rating on the shares, the firm raised its price target on the stock from $23 to $25. Susquehanna adjusted its financial model after the second-quarter results, in which the company missed estimates due to revenue pushouts caused by shipping issues in Vietnam and Spain that have since been resolved.
In another development, Canaccord also adjusted the price target on Fluence Energy, Inc. by $3, raising it from $25 to $28, on May 8, 2026. The firm’s analyst maintained a Buy rating on the company’s stock. Canaccord describes the quarter as healthy, highlighted by strong orders and expanding pipelines. However, according to the firm, the game-changer was the signing of two new hyperscaler Master Supply Agreements (MSAs), which are expected to generate over $2 billion in revenue.
Founded in 2018 as a joint venture between Siemens and AES, Fluence Energy, Inc. is a leading global provider of energy storage products and software. Based in Virginia, the company specializes in utility-scale storage and AI-powered bidding applications.
4. QuantumScape Corporation (NASDAQ:QS)
Number of Hedge Fund Holders: 38
QuantumScape Corporation (NASDAQ:QS) is one of the 10 Best Battery Technology Stocks to Buy Now.
On April 22, 2026, QuantumScape Corporation released its Q1 2026 financial report, where the company highlighted its transition toward commercialization. While remaining a pre-revenue company, it narrowed its net loss to $100.8 million – a 12% improvement over the $114.4 million loss in Q1 2025. The company identified the reduced operating expenses and lower stock-based compensation as the primary drivers. QuantumScape Corporation also noted that its key operational focus remains on the QSE-5 solid-state technology and the industrialization partnership with PowerCo, which includes up to $130.7 million in project contributions over the next two years.
The financial results for the first quarter support a “bull case” thesis covered by Insider Monkey in February 2026. The thesis identified QuantumScape Corporation as a premier material science innovator rather than a mere battery assembler. It noted that the company’s proprietary ceramic separator – currently used in QSE-5 – offers high energy density and charging speeds that exceed conventional lithium-ion limits. While acknowledging market volatility, the bull case was confident that QuantumScape Corporation is financially well-supported to endure the long-duration development cycle required to tap into the multi-billion-dollar EV market.
Founded in 2010, QuantumScape Corporation is a leader in developing next-generation solid-state lithium-metal batteries. The California-based company aims to replace the conventional liquid electrolyte with a solid-state ceramic separator that promises faster charging, greater energy density, and improved safety for EVs and beyond.
3. Enovix Corporation (NASDAQ:ENVX)
Number of Hedge Fund Holders: 39
Enovix Corporation (NASDAQ:ENVX) is one of the 10 Best Battery Technology Stocks to Buy Now.
On May 5, 2026, Enovix Corporation provided an update that it is advancing the commercial launch of its 100% silicon-anode batteries and scaling production in Korea. The company recently established a silicon-specific testing framework with its lead smartphone customer. This updated protocol reflects real-world usage better than the legacy 0.7C testing, increasing confidence in field performance as results approach required thresholds. With this milestone, the company addresses structural barriers to qualification across consumer and industrial markets. The update also introduced Steve Bakos, a semiconductor veteran previously with Infineon, as the new Senior Vice President of Worldwide Sales to scale global revenue and to deepen the strategic OEM relationships.
Separately, Enovix Corporation has announced it will report financial results for the first quarter on May 13, 2026. CNN recorded a consensus Buy rating from 12 analysts covering the stock as of May 8, 2026, with a 1-year average upside potential of 126.93%.
Founded in 2007, Enovix Corporation is a leader in advanced silicon-anode lithium-ion battery technology. The California-based company has developed a unique 3D cell architecture that increases energy density while maintaining high cycle life.
2. Sunrun Inc. (NASDAQ:RUN)
Number of Hedge Fund Holders: 35
Sunrun Inc. (NASDAQ:RUN) is one of the 10 Best Battery Technology Stocks to Buy Now.
Citi lowered its price target on Sunrun Inc. from $26 to $20 on April 21, 2026. The firm maintained a Buy rating on the company’s stock. The adjustment was part of the revision of estimates for the alternative energy equipment and services space following the first-quarter preview. According to Citi’s estimates, the earnings season for the sector is anticipated to be rough.
Separately, on the same day, Barclays lowered its price target on Sunrun Inc. from $23 to $14 while keeping an Equal Weight rating on the stock. The firm’s analyst expects the first quarter results to show affiliate cuts and seasonal volume declines. Barclays further believes that the company is likely to prioritize asset sales throughout 2026 to offset tax equity softness. Capital returns are anticipated but not expected in the immediate term. Buybacks or special dividends appear more realistic for late 2026 or 2027, depending on the company meeting specific leverage and covenant thresholds.
Founded in 2007, Sunrun Inc. is a leading home solar, battery storage, and energy services company in the U.S. Based in California, the company pioneered the “solar-as-a-service” model, which involved providing clean energy to residential customers through long-term lease and power purchase agreements.
1. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 137
Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Best Battery Technology Stocks to Buy Now.
On April 28, 2026, Reuters reported that the U.S. National Highway Traffic Safety Administration (NHTSA) had closed a probe into approximately 120,000 2023 Tesla Model Y vehicles without requiring a recall. Back in 2023, there were reports of steering wheels detaching due to missing retaining bolts in two vehicles, which initiated an investigation into the matter. Tesla confirmed the cars were delivered without the bolts following end-of-line repairs at its Texas and California plants. The regulator concluded that since both failures occurred within the first 400 miles, if there were any other affected vehicles, they would have surfaced already. Though this is a win for Tesla, Inc., the NHTSA added that it may take future action if new safety defects emerge.
Previously, on April 23, 2026, Needham reiterated its hold rating on Tesla, Inc. following the company’s first-quarter results. The firm’s analyst cited Tesla’s AI progress and vertical integration but warned that margin outperformance and high capex may face durability challenges.
Founded in 2003, Tesla, Inc. is a developer, manufacturer, designer, lessor, and seller of electric vehicles and energy generation and storage systems. The Texas-based company operates through the Automotive and Energy Generation and Storage segments.
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