In this article, we will be taking a look at the 12 Most Promising EV Battery Stocks to Buy Now.
On February 13, 2026, Reuters cited Benchmark Mineral Intelligence, reporting global EV registrations fell 3% year-over-year to about 1.2 million units in January. After a purchase tax and subsidy cut, China saw a 20% decline in EV registrations, reaching 600,000, the lowest level in almost two years. It was the worst month since early 2022 as North American registrations dropped 33% to just over 85,000. Europe saw the smallest growth since February 2025, with registrations rising 24% to around 320,000. Carmakers with high U.S. exposure wrote down $55 billion last year due to weak demand, China price wars, and complex European markets. Registrations in the rest of the world surged 92% to just under 190,000, driven by incentives in Thailand and growth in South Korea and Brazil. BMI data manager Charles Lester noted China is exporting more EVs, a trend expected to continue.
According to Bloomberg on January 6, 2026, global EV sales are predicted to climb in 2026, but more slowly as regulatory support wanes. Worldwide passenger EV sales are expected to reach 24.3 million units, which is up 12% from 2025 and 23% from 2024. Europe’s concerns about the phaseout of combustion engines, China’s reduced subsidies, and U.S. policy reversals are all contributing factors to this slowdown. U.S. sales fell 41% year over year in November 2025, and a 15% decline is predicted in 2026.
Industry executives warn of near-term challenges. Nathan Niese, Boston Consulting Group’s global lead for EVs and energy storage, described a U.S. “EV winter” with limited bullish signals for 2026. China’s growth is expected to slow after the removal of the 2026 tax benefits. The Chinese government is attempting to temper the price war, according to Michael Dunne, CEO of Dunne Insights. According to BloombergNEF, declining battery costs will sustain long-term demand.
With that being said, let’s now take a look at the most promising EV battery stocks.
Our Methodology
For our methodology, we screened for promising ev battery stocks with positive analyst upside. We then narrowed our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also widely followed by analysts and are popular among elite hedge funds.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Here is our list of the 12 most promising EV battery stocks to buy now.
12. EnerSys (NYSE:ENS)
EnerSys (NYSE:ENS) is among the most promising stocks.
TheFly reported on February 3 that Roth Capital raised its price target for ENS to $208 from $164 while maintaining a Buy rating. The firm named ENS a top idea, pointing to its solid industrial energy storage position and capacity to handle intricate power requirements. While improvements in product mix, scale, and operations are projected to boost profitability, trends in electrification, automation, and digitization are predicted to fuel growth.
Recently, EnerSys (NYSE:ENS) expanded its DataSafe HX range for high-rate uninterruptible power supply (UPS) systems in data centers and other sensitive areas by introducing the DataSafe HX530T and DataSafe HX600T batteries on February 10, 2026.
The Thin Plate Pure Lead (TPPL) technology used in these new versions offers improved performance and a better power density while keeping the same size and installation method as the current DataSafe HX batteries. The batteries are made to withstand short-duration, high-rate discharges and provide quick recharge in between utility outages. They also have a lower internal resistance, steady functioning over a broad temperature range, and complete compatibility with current DataSafe HX cabinets and layouts.
ENS stressed that the new batteries give clients more flexibility and resilience for increasingly demanding data center settings because they integrate effortlessly into existing UPS systems without requiring modifications to racks, wiring, or installation procedures.
EnerSys (NYSE:ENS) is a global leader in stored energy solutions, designing, manufacturing, and distributing batteries, chargers, and power systems for industrial, aerospace, and defense applications, focusing on reliable energy storage and mission-critical performance worldwide.
11. MP Materials Corp. (NYSE:MP)
MP Materials Corp. (NYSE:MP) is among the most promising stocks.
TheFly reported on February 13 that JPMorgan raised its price target for MP to $76 from $74 while maintaining an Overweight rating, reflecting an updated company model ahead of the fourth-quarter results.
In a significant move, MP Materials Corp. (NYSE:MP) revealed plans on February 26 to build “10X,” a massive campus for the production of rare earth magnets, on a 120-acre plot of land in Northlake, Texas. MP Materials’ completely integrated U.S. rare earth magnet supply chain, which already consists of mining, refining, metallization and alloying, sintering, finished magnet manufacture, and closed-loop recycling, is intended to be expanded by the 10X plant.
The campus is expected to contribute to an annual output of about 10,000 metric tons, with the goal of improving domestic production capacity for NdFeB rare earth magnets. More than 1,500 direct jobs in manufacturing and engineering will be created by the company’s anticipated $1.25 billion investment in building, equipment, and setup. Preparations, including engineering and equipment procurement, are already in progress; commissioning is scheduled for 2028, and groundbreaking is expected soon.
When 10X is up and running, it will enhance the domestic supply of vital parts for technology, defense, and renewable energy, bolster MP’s position as a leader in the U.S. rare earth magnet industry, and advance the country’s strategic manufacturing independence. With this project, MP’s vertically integrated rare earth magnet production capabilities will be significantly expanded.
MP Materials Corp. (NYSE:MP) owns and operates the Mountain Pass rare earth mine, supplying key materials like neodymium and praseodymium essential for EV batteries and electric motors, supporting the global transition to clean energy and electric vehicles.
