The world is changing fast, and so is the way we power it. Batteries are no longer just about your phone or laptop; they’re powering electric vehicles, storing solar energy, and even helping run massive AI data centers. One company, Redwood Materials, is showing how far things have come. Founded by a former Tesla executive, it is using old EV batteries to power data centers with clean, low-cost energy. These batteries still have years of life left in them, and instead of going straight to the recycling bin, they’re getting a second shot at usefulness.
This kind of innovation points to something bigger. Battery technology is becoming one of the most important industries of the next decade. Demand is booming, and smart investors are starting to pay attention. If you’re looking to get ahead of the curve, battery tech stocks could be a solid place to start. From companies building cutting-edge batteries to those solving energy storage challenges at scale, the opportunities are growing fast. In this article, we have rounded up the 10 best battery technology stocks to buy right now, each playing a key role in the future of energy.
Photo by Kumpan Electric on Unsplash
Our Methodology
To arrive at the 10 best battery tech stocks to buy right now, we reviewed insights from financial media and examined relevant ETFs to narrow down the list. The stocks include pure-play battery tech innovators, battery materials and supply, energy storage systems and EV companies. From there, we focused on the stocks most favored by institutional investors. We used hedge fund sentiment data from Insider Monkey’s Q1 2025 database, which tracks the holdings of 1,000 top-tier hedge funds. Finally, we ranked the 10 selected stocks in ascending order based on how many hedge funds held positions in each as of Q1 2025. In the event of a tie, the company with the larger market capitalization was ranked higher.
Note: All data was recorded on August 8, 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Battery Technology Stocks to Buy Right Now
10. Plug Power, Inc. (NASDAQ:PLUG)
Number of Hedge Fund Holders: 13
Market Cap: $1.73 billion
Plug Power, Inc. (NASDAQ:PLUG) is one of the best battery tech stocks to buy right now. On July 21, The Fly reported that Susquehanna analyst Charles Minervino recently raised the price target for Plug Power, Inc. (NASDAQ:PLUG) from $1.00 to $1.80, but he kept a Neutral rating on the stock. This update came after the firm reviewed its alternative energy estimates ahead of the second-quarter earnings reports. Despite the higher price target, Susquehanna remains cautious about the entire group because of uncertainties related to tariffs and possible changes to subsidy rules under the Inflation Reduction Act.
These risks make the market less predictable for companies like Plug Power. The firm prefers businesses that have strong manufacturing bases in the United States and solid backlogs of orders, such as First Solar and GE Vernova. Given Plug Power’s current market price of $1.50, the upside potential is limited, with only about 20 percent room to grow. Investors should keep an eye on how policy changes and market conditions develop before making big decisions. Overall, the alternative energy sector faces challenges, but some companies might handle them better due to their structure and order flow.
Plug Power is a battery technology company that develops and manufactures hydrogen fuel cells and energy storage solutions that power electric vehicles and industrial equipment, focusing on clean, efficient alternatives to traditional batteries and supporting the shift toward renewable energy.
9. Solid Power, Inc. (NASDAQ:SLDP)
Number of Hedge Fund Holders: 16
Market Cap: $790.99 million
Solid Power, Inc. (NASDAQ:SLDP) is one of the best battery tech stocks to buy right now. On August 7, Needham gave a Buy rating to Solid Power, Inc. (NASDAQ:SLDP). The firm also raised its price target for the stock from $2 to $4. Analyst Chris Pierce shared this update and explained the reasons behind the decision. He believes Solid Power is well-positioned within the solid-state battery industry, which could lead to future growth.
According to Pierce, the company has made progress in its technology and has built important partnerships. In the past few months, Solid Power has taken important steps to move its technology forward. The company began shipping its first EV cells to automotive partners for testing. This is a key milestone that could help show how well the batteries work in real-world conditions. Solid Power also expanded its pilot production line to improve its ability to make more solid-state cells.
In addition to technical work, the company signed agreements with major carmakers, including BMW and Ford, to support battery development. These partnerships may help Solid Power gain more attention and resources. The company is also focused on improving safety and energy performance compared to traditional lithium-ion batteries.
Solid Power develops solid-state batteries, aiming to create safer, longer-lasting, and more energy-dense alternatives to lithium-ion batteries.
