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.
8. Enovix Corporation (NASDAQ:ENVX)
Number of Hedge Fund Holders: 23
Market Cap: $2.17 billion
Enovix Corporation (NASDAQ:ENVX) is one of the best battery tech stocks to buy right now. Benchmark has raised its price target on Enovix Corporation (NASDAQ:ENVX) from $15 to $25 on July 25. The firm also kept its Buy rating on the stock. The decision to raise the target is based on how well Enovix has been performing lately. The analyst pointed to the company’s recent progress and said it shows strong execution.
Another reason for the higher price target is the AI-1 platform. According to the analyst, this platform is very important for Enovix’s future. It is seen as a big step forward for the company. The AI-1 platform could help Enovix grow and stay competitive in the battery technology space. Because of this, the analyst believes the company has more value than before.
Enovix has been working hard on new battery technology. The AI-1 platform shows that the company is serious about leading in this space. Benchmark seems confident that Enovix is moving in the right direction. With better execution and promising new products, the stock could continue to go up.
In summary, the raised price target reflects stronger performance and the growing importance of the company’s new technology. Benchmark remains positive about Enovix’s future and continues to recommend buying the stock.
Enovix is a battery technology company developing advanced lithium-ion batteries with silicon-anode architecture. Its innovative designs aim to deliver higher energy density, improved safety, and better performance for applications in consumer electronics, wearables, and future electric vehicles.
7. EnerSys (NYSE:ENS)
Number of Hedge Fund Holders: 26
Market Cap: $3.71 billion
EnerSys (NYSE:ENS) is one of the best battery tech stocks to buy right now. Oppenheimer raised its price target on EnerSys (NYSE:ENS) to $120, up from the previous target of $101, on August 8. The firm also maintained its Outperform rating on the stock. This comes after EnerSys reported stronger-than-expected results for the first quarter of fiscal year 2026. Both revenue and earnings came in above analysts’ estimates, which seemed to give the stock a boost on Thursday.
In addition to the solid Q1 results, EnerSys also provided earnings guidance for the second quarter that was in line with what the market had been expecting. This helped support investor confidence and may point to continued stability in the company’s performance going forward. Shares of EnerSys are currently trading at $96. With Oppenheimer’s new price target set at $120, the upside potential for the stock, according to Oppenheimer, is 25%.
EverSys (NYSE:ENS) specializes in advanced stored energy solutions, producing industrial batteries used in motive power, reserve power, and specialty applications. Their technology supports critical sectors like telecommunications, aerospace, and material handling, making them a key player in battery innovation and infrastructure.
6. QuantumScape Corporation (NYSE:QS)
Number of Hedge Fund Holders: 26
Market Cap: $5.00 billion
QuantumScape Corporation (NYSE:QS) is one of the best battery tech stocks to buy right now. On July 24, Baird maintained its Hold rating on the stock with a 12-month price target of $11. While Baird did not upgrade the rating, they had previously raised their target, noting the company’s continued technical progress, capital raises, and confidence in hitting key development milestones. However, they also pointed to concerns about rising capital investment in competing battery startups and broader valuation pressure on high-growth names, which might have caused Baird to be neutral on the stock. However, their current target implies an upside of 26%.
QuantumScape announced on July 23 an expansion of its partnership with Volkswagen’s battery subsidiary, PowerCo. Under the new agreement, PowerCo will provide up to $131 million in additional funding over the next two years. The goal is to accelerate the launch and scale-up of QuantumScape’s QSE-5 pilot line in San Jose, which is focused on solid-state lithium-metal battery cells. This investment suggests increased confidence in QuantumScape’s technology and its path toward commercialization.
QuantumScape is a battery technology company developing next-generation solid-state lithium-metal batteries. Its innovation aims to deliver higher energy density, faster charging, and improved safety, targeting electric vehicle applications and aiming to outperform traditional lithium-ion battery technologies.
5. Enphase Energy, Inc. (NASDAQ:ENPH)
Number of Hedge Fund Holders: 40
Market Cap: $4.23 billion
Enphase Energy, Inc. (NASDAQ:ENPH) is one of the best battery tech stocks to buy right now. Eric Stine, an analyst at Craig-Hallum, has kept a Buy rating on Enphase Energy, Inc. (NASDAQ:ENPH), without a price target. Stine showed continued support for the company despite ongoing challenges in the clean energy sector. While the solar industry has seen slower demand recently, some analysts still see room for growth in firms with strong technology and stable operations.
Enphase Energy makes microinverters and energy management systems. These are used mainly in solar power setups, helping improve how energy is stored and used. The company has faced recent pressures, like weaker sales and cautious consumer spending, but it still holds a solid position in its field.
Analysts believe that demand will return or that the company will adjust its costs and production to better fit market conditions. Though the stock has dropped since the end of 2022, some believe the lower price offers a chance for recovery. The analyst’s decision to maintain a positive view could suggest belief in the company’s ability to perform better in the future as the energy market changes.
4. Albemarle Corporation (NYSE:ALB)
Number of Hedge Fund Holders: 42
Market Cap: $8.88 billion
Albemarle Corporation (NYSE:ALB) is one of the best battery tech stocks to buy right now. On August 4, Deutsche Bank raised its price target for Albemarle from $65 to $74 while keeping a Hold rating. The new target shows they feel a little more positive about the company, but they are still being cautious.
Albemarle has halted its U.S. lithium refinery project, cut capital spending by 50%, closed its Chengdu plant, shifted Chinese production to carbonate, and began commercial output from its Kemerton facility to counter weak prices and preserve margins.
Albemarle Corporation (NYSE:ALB) is a leading producer of lithium, which is used in batteries for electric cars. Because the world is slowly but surely switching to electric vehicles, the need for lithium is growing. That makes the company worth considering for the long term. Even with the price target going up, the expected gain is only about 7%. This is not a big return in the short run. But Albemarle is in a good spot for the future, since more clean energy and battery use are likely coming.
Albemarle Corporation (NYSE:ALB) extracts lithium, a vital input for electrochemical storage units powering electric mobility, grid stabilization systems, and portable electronic apparatuses across expanding clean energy and digital ecosystems.
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.
2. General Motors Company (NYSE:GM)
Number of Hedge Fund Holders: 79
Market Cap: $50.96 billion
General Motors Company (NYSE:GM) is one of the best battery tech stocks to buy right now. General Motors Company (NYSE:GM) is considering buying batteries from Contemporary Amperex Technology (CATL), a Chinese company, for the second version of the Chevrolet Bolt electric car, according to an August 7 report from the Wall Street Journal.
This move will happen even though there are tariffs on goods from China. People close to the plan told Christopher Otts at the Wall Street Journal that GM will use these batteries for about two years. During this time, LG Energy Solution, a Korean company working with GM, will start making cheaper batteries in the United States. This step lets GM keep building cars without waiting for local production to begin. Choosing to get batteries from China shows how important it is for GM to have enough supplies, even if it costs more because of the tariffs.
When LG Energy Solution begins making batteries in the U.S., GM hopes to rely less on imports. This plan shows how car companies try to balance costs and make things at home. Overall, GM’s choice to buy batteries from China for now is a practical way to keep making electric cars during a time when demand is growing fast.
GM is a battery tech stock because it invests heavily in battery production and technology to power its electric vehicles. The company partners with suppliers and plans domestic manufacturing, aiming to lead in battery innovation and secure its position in the growing EV market.
1. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 104
Market Cap: $1.04 trillion
Tesla, Inc. (NASDAQ:TSLA) is one of the best battery tech stocks to buy right now. Wedbush analyst Daniel Ives is very positive about Tesla, Inc. (NASDAQ:TSLA) and thinks the company has a strong future ahead. He gave Tesla stock an Outperform rating on August 4, and kept his price target at $500. With the stock trading at $322.50, this means there is a possible upside of around 55%. That shows Ives believes Tesla can grow a lot more.
A big reason for this belief is the upcoming refresh of the Model Y. Many people are waiting for the new version, and it could help Tesla sell more cars. Also, Tesla is working hard on self-driving technology, and the planned robotaxi is expected to be a big step forward. If that project does well, it could open up a new area of business for Tesla. Wedbush also said that the current political climate under a Trump administration could make things easier for Tesla when it comes to rules and regulations. That might help the company move faster and focus more on its new products.
Ives sees many reasons to stay confident in Tesla. Between the new cars, the robotaxi, and support from the government, the company could keep growing. With a stock price much lower than the $500 target, some investors may see this as a good opportunity.
Tesla is a battery technology company because it designs and manufactures advanced lithium-ion battery cells, energy storage products like Powerwall and Megapack, and integrates these technologies into its electric vehicles and energy grid solutions, driving innovation in sustainable energy storage and usage.
While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has a 100x upside potential, check out our report about this cheapest AI stock.
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