10 Best Battery Technology Stocks to Buy Right Now

3. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 75

Market Cap: $137.33 billion

Honeywell International Inc. (NASDAQ:HON) is one of the best battery tech stocks to buy right now. Wells Fargo has kept a Hold rating on Honeywell International Inc. (NASDAQ:HON). On August 1, the analyst Joseph O’Dea lowered the price target from $240 to $230. Wells Fargo remains cautious about the company’s near-term prospects.

Honeywell International Inc. (NASDAQ:HON) is a large company that works in many areas, including aerospace, building technologies, and energy solutions. The company has been making progress in battery-related projects this year. For example, Honeywell was chosen to provide automation systems for LG Energy Solution’s new electric vehicle battery factory in Arizona. This shows Honeywell is involved in the growing market for batteries, which are important for electric cars and clean energy.

Even with this progress, Wells Fargo remains careful because the overall market conditions are uncertain. There may be challenges that affect Honeywell’s sales and profits in the short term. Investors might want to wait and see how the company performs before making decisions. The lower price target suggests that gains from the stock could be limited for now, but Honeywell’s broad business areas could help it do well in the future.