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.
10. ON Semiconductor Corporation (NASDAQ:ON)
ON Semiconductor Corporation (NASDAQ:ON) is one of the most promising stocks.
TheFly reported on February 13 that Deutsche Bank raised its price target on ON to $75 from $65 and maintained a Buy rating. The firm noted that the company’s Q4 results are improving, albeit gradually.
On February 9, ON Semiconductor Corporation (NASDAQ:ON) released its full-year results and recorded $1.53 billion in revenue for the fourth quarter of 2025. The company’s gross margins for the fourth quarter were 36.0% and 38.2%, with GAAP and non-GAAP operating margins of 13.1% and 19.8%, respectively. GAAP diluted earnings per share were $0.45, while non-GAAP diluted earnings per share were $0.64. Over the course of the year, ON generated $1.8 billion in cash from operations and $1.4 billion in free cash flow, resulting in a record-high free cash flow margin of 24%.
In order to spur growth in automotive, industrial, and AI data center applications, the business emphasized investments in intelligent power and sensor technologies while highlighting operational discipline and stabilization in important markets. Through share repurchases, ON gave back all of its yearly free cash flow to shareholders. It also keeps fortifying its financial base while implementing new technologies.
ON Semiconductor Corporation (NASDAQ:ON) designs and manufactures power and sensing semiconductor solutions. Its products support electric vehicles, industrial automation, renewable energy, and advanced driver-assistance systems, focusing on energy efficiency and high-performance power management.
9. Fluence Energy, Inc. (NASDAQ:FLNC)
Fluence Energy, Inc. (NASDAQ:FLNC) is one of the most promising stocks.
TheFly reported earlier on February 9 that Jefferies upgraded FLNC from Hold to Buy, setting a revised price target of $24, down from $25. The firm listed improved U.S. market circumstances, growth supported by a strong project backlog for fiscal 2026, and potential advantages from long-term opportunities in data center energy storage as the main causes of the rise.
Fluence Energy, Inc. (NASDAQ:FLNC) already released its fiscal 2026 first-quarter results, which covered the period ending December 31, 2025, on February 4. The business made about $475.2 million in revenue, which was 154.4% more than it made in the same quarter the previous year. The adjusted gross margin, which took into account project-related expenses and the seasonal distribution of fixed overhead, was 5.6%, compared to GAAP’s 4.9% gross margin.
A net loss of about $62.6 million and an adjusted EBITDA of about $52.1 million were reported for the quarter. During the quarter, Fluence secured almost $750 million in new orders, increasing its backlog to over $5.5 billion, the highest it has ever had. Overall liquidity, including the revolving credit facility, was approximately $1.1 billion, while total cash was close to $477.8 million.
The business highlighted the continuous rise in global demand, which is driven by the development of data centers, the need for utilities, and an increase in industrial load. Aiming for $3.2 billion to $3.6 billion in revenue, $40 million to $60 million in adjusted EBITDA, and roughly $180 million in yearly recurring revenue, Fluence restated its fiscal 2026 target.
Fluence Energy, Inc. (NASDAQ:FLNC) develops battery-based energy storage systems that leverage advanced lithium-ion technology, supporting EV battery supply chains and grid integration, while enabling renewable energy storage and efficient power management.
8. Freeport-McMoRan Inc. (NYSE:FCX)
Freeport-McMoRan Inc. (NYSE:FCX) is one of the most promising stocks.
TheFly reported on February 26 that BofA Securities raised its price target for FCX to $81 from $68 while maintaining a Buy rating on the stock. This upgrade comes after the firm revised its 2026 metal price projections, which led to changes in price estimates for all of its North American Metals & Mining coverage.
On February 18, Freeport-McMoRan Inc. (NYSE:FCX) announced that it has signed a Memorandum of Understanding (MOU) with the Indonesian government to extend PT Freeport Indonesia’s (PTFI) life-of-resource operational rights in the Grasberg mining zone. The agreement calls for amending PTFI’s special mining business license (IUPK) to ensure continued operations, expanding exploration to find long-term resources, providing greater support to local communities, including healthcare and education, and maintaining the priority of domestic downstream production of sulfuric acid, refined copper, and precious metals.
Under the agreement, FCX will keep its 48.76% ownership through 2041 and about 37% thereafter. In 2041, a 12% stake will transfer to government interests at no cost, provided post-2041 investment costs are reimbursed. Existing governance, shareholder agreements, and operations remain in effect, while implementation depends on the Indonesian government issuing an amended IUPK. PTFI plans to complete its extension application promptly to reflect the agreed terms.
Freeport-McMoRan Inc. (NYSE:FCX) is a leading mining company producing copper, a critical component for EV batteries and electric infrastructure, along with gold and molybdenum. Its operations support the growing demand for electric vehicles and renewable energy technologies worldwide.
7. Lucid Group, Inc. (NASDAQ:LCID)
Lucid Group, Inc. (NASDAQ:LCID) is among the most promising stocks.
TheFly reported on February 25 that Cantor Fitzgerald reduced its price target for LCID to $14 from $21 while maintaining a Neutral rating on the stock. Lower production and forecast, persistently high negative gross margins, extra capital requirements, a difficult macroeconomic climate, and tariff concerns were among the causes cited by the firm. With an estimated 23,185 vehicles delivered in FY26, Cantor predicts that the Gravity model will account for the majority of sales; deliveries of the Air model are anticipated to remain largely unchanged from the previous year.
On February 24, Lucid Group, Inc. (NASDAQ:LCID) released its financial results for the fourth quarter and full year, which ended on December 31, 2025. The company reported Q4 revenue of $522.7 million and total annual revenue of $1,353.8 million, and closed the quarter with roughly $4.6 billion in liquidity. Moreover, the report also shows that full-year vehicle deliveries reached 15,841 units, with the company setting its 2026 production guidance at 25,000 to 27,000 vehicles while continuing to manage output to match demand.
Lucid Group, Inc. (NASDAQ:LCID) is an electric vehicle manufacturer focusing on luxury EVs with advanced battery technology, high energy efficiency, and long-range performance, aiming to compete in the premium EV market and drive innovation in sustainable transportation.
6. Lithium Americas Corp. (NYSE:LAC)
Lithium Americas Corp. (NYSE:LAC) is among the most promising stocks on our list.
TheFly reported on February 20 that Canaccord Genuity lowered its price target for LAC to C$7 from C$7.50 while keeping a Hold rating. The change came after the business provided forecasts for 2026 capital expenditures and project milestones for the Thacker Pass lithium project in Nevada.
On February 19, Lithium Americas Corp. (NYSE:LAC) provided an update on its Thacker Pass project in Humboldt County, Nevada. It contained details on the project’s 2025 status, 2026 capital expenditure estimates, and upcoming milestones. Phase 1 construction is on track to be completed by the end of 2025, with detailed engineering 93% complete and procurement 60% complete.
About 950 people worked at the site by the end of 2025, and by 2026, that figure is expected to approach 1,800. The project finished 1.69 million hours of work without any significant mishaps in 2025, and significant processing facilities were still undergoing structural, foundation, and concrete work. The Workforce Hub, which has about 700 residents, is largely operational, and long-lead equipment installation has begun.
Staffing, safety programs, training, and equipment testing are all part of the Operations and Business Readiness team’s expansion to manage commissioning and production transition. Phase 1 capital expenditures, which include major equipment deliveries, pipe rack installation, high-voltage line commissioning, concrete completion, early plant commissioning, and substation modifications to support mechanical completion by late 2027, are estimated by LAC to be between $1.3 and $1.6 billion for 2026.
Lithium Americas Corp. (NYSE:LAC) develops lithium resources for EV batteries, focusing on sustainable extraction from its projects in North and South America. The company supplies critical lithium materials to support the growing electric vehicle and renewable energy markets.
5. Sigma Lithium Corporation (NASDAQ:SGML)
Sigma Lithium Corporation (NASDAQ:SGML) is among the most promising stocks.
On February 3, TheFly reported that BofA Securities upgraded SGML from Underperform to Neutral, keeping the price target at $14. The upgrade follows the company’s restart of mining operations, which reduces the risk of further delays in producing sellable volumes and eases a significant operational concern, although liquidity risks continue to persist.
In a recent development, on February 13, Sigma Lithium Corporation (NASDAQ:SGML) announced the sale of 150,000 tonnes of high-purity lithium fines containing 1% lithium oxide at a net price of US$140 per tonne. The agreement also grants the buyer an option to acquire an additional 350,000 tonnes at market prices upon delivery at the Port of Vitoria. This optionality allows Sigma Lithium to respond flexibly to strong market demand and customer needs for its low-grade product.
The sale leverages the quality of material processed through the company’s Greentech Plant, which preserves the chemical integrity of lithium crystals, enabling clients to achieve up to 60% recovery in reprocessing into higher-grade lithium concentrate. By successfully commercializing this product, SGML not only generates additional revenue streams but also strengthens near-term liquidity through pre-payments under a production-backed revolving facility. The transaction underscores the company’s ability to deliver consistent, high-quality lithium materials while supporting sustainability-focused partnerships across its portfolio.
Sigma Lithium Corporation (NASDAQ:SGML) is a lithium mining company focused on producing high-purity spodumene for EV batteries. Its operations in Brazil aim to supply sustainable lithium to meet the growing demand from the electric vehicle and energy storage industries.
4. Solid Power, Inc. (NASDAQ:SLDP)
Solid Power, Inc. (NASDAQ:SLDP) is among the most promising stocks.
TheFly reported on February 24 that SLDP reported its operational and financial results for the full year 2025 and outlined its objectives for 2026. The business revealed developments in solid-state battery development, including a Joint Evaluation Agreement with Samsung SDI and BMW, to validate electrolyte sampling efforts and promote all-solid-state batteries. SLDP completed the detailed design and factory acceptance testing for a continuous electrolyte production pilot line, which is slated for installation and completion by the end of 2026, in compliance with its line installation agreement with SK On.
The company’s report released on February 24 shows that Solid Power, Inc. (NASDAQ:SLDP) remained frugal in 2025, investing $84.5 million in total cash, including capital and operating expenses, which was close to the lower end of its forecast of $85–$95 million. Due mostly to work under the SK On agreement, revenue rose to $21.7 million, but operating expenses came to $122.6 million, leaving a $93.4 million net loss. With $88.8 million in net proceeds from its ATM issue, SLDP had $336.5 million in total liquidity at the end of 2025.
The corporation anticipates investing between $85 million and $100 million in cash for operations and capital projects in 2026, all the while advancing electrolyte technology, fortifying partnerships, and getting ready for commercial-scale production.
Solid Power, Inc. (NASDAQ:SLDP) develops next-generation solid-state batteries for electric vehicles, offering higher energy density, improved safety, and longer lifespan compared to traditional lithium-ion batteries, aiming to accelerate the adoption of EVs and advanced energy storage solutions.
3. Westwater Resources, Inc. (NYSE:WWR)
Westwater Resources, Inc. (NYSE:WWR) is among the most promising stocks.
TheFly reported on February 9 that H.C. Wainwright maintained a Buy rating on WWR with a price target of $1.75, noting that Fiat Chrysler’s termination of its offtake agreement could benefit the company. The firm emphasized that by using a lower-capacity, lower-capital strategy in Phase 1, WWR would be able to achieve commercial production earlier and decrease growth risks once cash flow starts. According to H.C. Wainwright, the company’s chances of obtaining more offtake agreements in the future may be improved by prioritizing efficiency over expansion in the early stages.
In the anti-dumping and countervailing duty inquiry of graphite anode materials imported from China, the U.S. Department of Commerce rendered its final decision on February 17. The countervailing duty increased from 11.58% to 66.68%, while the anti-dumping duty stayed at 93.5%. The overall penalty now approach 220% when IEEPA, Section 301, and Section 232 tariffs are taken into account. This comes after a year-long analysis of the subsidies and prices offered by Chinese producers. The outcome will be confirmed by the U.S. International Trade Commission’s final harm determination, which is anticipated in March 2026. According to U.S. law, upheld duties would last for at least five years.
Westwater Resources, Inc. (NYSE:WWR) expects these measures to increase demand for U.S.-produced natural graphite anode materials in electric vehicles, battery storage, defense, and other lithium-ion battery sectors.
Westwater Resources, Inc. (NYSE:WWR) focuses on producing graphite and lithium materials for EV batteries. The company develops sustainable resources to supply critical components for electric vehicles and energy storage, supporting the global transition to clean energy.
2. QuantumScape Corporation (NASDAQ:QS)
QuantumScape Corporation (NASDAQ:QS) is among the most promising stocks.
TheFly reported on February 19 that HSBC raised QS to a Hold rating from Reduce and set a price target of $8.30, down from $10.50. The company met its 2025 goals after introducing the Eagle Line, and it is currently moving steadily in the direction of wide market adoption. The firm notes that while this progress has been made, details about revenue streams and licensing contracts are still unclear.
QuantumScape Corporation (NASDAQ:QS) stated on February 11 that it plans to continue its systematic development and commercialization of solid-state battery technology in 2026, with a focus on demonstrating scalable production through the Eagle Line. As dependability, quality, and productivity continue to improve, the original manufacturing line will be increased.
To satisfy their needs and jointly create industrialization plans, the company will work with significant international automakers. In addition to automotive applications, it sees potential in industries including robots, data centers, aviation, and defense, with the goal of growing its commercial reach. In order to improve battery performance, cut expenses, and boost value for both present and potential customers, the corporation will also continue to pursue technological advancements.
QuantumScape Corporation (NASDAQ:QS) develops solid-state lithium-metal batteries for electric vehicles, aiming to deliver higher energy density, faster charging, and enhanced safety, positioning itself as a key innovator in next-generation EV battery technology.
1. Albemarle Corporation (NYSE:ALB)
Albemarle Corporation (NYSE:ALB) is among the most promising stocks.
TheFly reported on February 23 that Berenberg Bank increased its price target for ALB to $153 from $135 and kept a Hold rating. The firm noted that the recent lithium price surge has more than doubled the stock prices of major lithium producers since mid-2025, although it believes both ALB and SQM are currently trading above their fundamental valuation levels.
On February 11, 2026, Albemarle Corporation (NYSE:ALB) said it will place Train 1 at its Kemerton lithium hydroxide plant in Western Australia into care and maintenance, following the 2024 idling of Train 2 and halted expansion of Trains 3 and 4. The plant, processing spodumene from Greenbushes, remains part of Albemarle’s Western Australian operations.
The corporation noted the move, prompted by market volatility and cost pressures, improves financial flexibility and is expected to boost adjusted EBITDA in Q2 2026 without impacting 2026 volume guidance. Lithium hydroxide demand will be met through other production, while its Australian mining and exploration assets remain core to strategy.
Moreover, on February 26, ALB’s Board of Directors announced a quarterly dividend of $0.405 per share, payable on April 1, 2026, to shareholders recorded as of March 13, 2026, reflecting an annualized rate of $1.62.
Albemarle Corporation (NYSE:ALB) is a leading producer of lithium and other critical materials for EV batteries. The company supplies high-quality lithium compounds to support electric vehicle production and the growing global demand for sustainable energy storage solutions.
While we acknowledge the potential of ALB to grow, 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 ALB and that has 100x upside potential, check out our report about this cheapest AI stock.
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