5 Best Battery Technology Stocks to Buy for Grid Storage

3. Equinor ASA (NYSE:EQNR)

Short Percentage of Shares Outstanding: 0.89%

On June 22, Berenberg lowered its price target on Equinor ASA (NYSE:EQNR) to NOK 320 from NOK 365 while maintaining a Hold rating on the shares. The revised target reflects the firm’s updated valuation assessment, although it continues to recommend holding the stock.

On June 5, TD Cowen analyst Jason Gabelman raised the firm’s price target on Equinor ASA (NYSE:EQNR) to $42 from $40 while reiterating a Hold rating. The firm viewed the company’s June 16 Capital Markets Day as a positive catalyst, forecasting an increase in Equinor’s 2026 share buyback program from $1.5 billion to $4 billion, with the potential for additional buyback guidance to be announced for 2027.

Founded in 1972 and headquartered in Stavanger, Norway, Equinor ASA (NYSE:EQNR) is a global energy company primarily engaged in oil and gas exploration, production, and distribution. It functions as a renewable battery technology stock through its utility-scale Battery Energy Storage Systems (BESS), acquiring developers like East Point Energy and investing in Noriker Power to stabilize grids and store surplus wind and solar energy.