12 Most Promising EV Battery Stocks According to Wall Street Analysts

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1. Enovix Corporation (NASDAQ:ENVX)

Analysts’ Upside Potential as of April 29: 191.30%

Enovix Corporation (NASDAQ:ENVX) presents a strong argument for its exclusive 3D battery architecture, which outperforms traditional lithium-ion designs in terms of efficiency and energy density. This innovation is essential for satisfying the growing demand for AI-driven products and electric vehicles, where battery life, performance, and compactness are crucial. The company’s solution overcomes the main drawbacks of conventional battery systems by enabling faster charge rates and longer battery lifespans. It is the Most Promising Stock on our list, as per Wall Street analysts, with an upside potential of 191.30%.

Enovix Corporation (NASDAQ:ENVX) ‘s competitive edge is strengthened by a solid portfolio of intellectual property and a clear research and development plan. The firm’s transition to large-scale commercialization is supported by recent strategic alliances and collaborations, which show rising industry confidence. High-performance batteries are crucial for EV applications, which makes these collaborations particularly important.

In Q4 2024, Enovix Corporation (NASDAQ:ENVX) reported record revenues. Revenues for the quarter were $9.7 million, considerably above the company’s target. Revenues for the whole year 2024 grew by 202% to $23.1 million from $7.6 million in 2023, which is even more impressive. In the fourth quarter, the business also recorded its first-ever positive gross margin of 11%.

Enovix Corporation (NASDAQ:ENVX) is in a strong position to profit from industry tailwinds as the demand for batteries rises internationally. The firm is well-positioned to expand in the upcoming stage of battery innovation due to its sophisticated technology, intellectual property protection, and commercial traction.

Overall, ENVX ranks first among the 12 Most Promising EV Battery Stocks According to Wall Street Analysts. While we acknowledge the potential of EV Battery companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ENVX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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