3 Cheap Solid State Battery Stocks to Buy

In this article, we will look at 3 cheap solid-state battery stocks to buy. If you want to go through our detailed analysis of the solid-state battery market and explore similar stocks, you can also take a look at 6 Cheap Solid State Battery Stocks to Buy.

3. Ford Motor Company (NYSE:F)

P/E ratio as of July 25: 18.82

Number of Hedge Fund Investors: 38

Headquartered in Dearborn, Michigan, United States, Ford Motor Company (NYSE:F) stands as an American multinational automobile manufacturer. Under the Ford brand, the company specializes in selling automobiles and commercial vehicles, while its luxury cars fall under the distinguished Lincoln brand.

Back in 2019, Ford Motor Company (NYSE:F) announced that it was partnering up with Solid Power, Inc. (NASDAQ:SLDP) to develop all-solid-state batteries (ASSB) for the next generation electric vehicles. In May of 2021, the company announced additional equity investment in Solid Power for further development of solid-state vehicle battery technology. Furthermore, Ford Motor Company (NYSE:F) was scheduled to receive its first solid-state battery cells by the end of 2022.

At the end of Q1 2023, 38 hedge funds tracked by Insider Monkey owned stakes in Ford Motor Company (NYSE:F), compared with 40 in the previous quarter. These stakes are collectively valued at over $951.4 million. Of these, John Overdeck and David Siegel’s Two Sigma Advisors was the largest shareholder, with stakes worth approximately $341.8 million.