5 Best EV Battery Stocks Under $10

4. Solid Power Inc (NASDAQ:SLDP)

Share Price as of April 5: $2.87
Number of Hedge Fund Holders: 18

Solid Power Inc (NASDAQ:SLDP) is a developer of solid-state batteries for electric vehicles. The company has a longstanding partnership with Ford and BMW, which provides access to funding, expertise, and market opportunities.

Additionally, Solid Power Inc (NASDAQ:SLDP)’s advanced solid-state battery technology could position the company as a key player in the growing market for solid-state batteries. Furthermore, the company has a strong intellectual property portfolio and an experienced management team that could help protect its innovations and guide its growth. While Solid Power Inc (NASDAQ:SLDP) may face challenges in maintaining its competitive position, its innovative technology, strategic partnerships, and experienced team make it an attractive investment option for those interested in the EV market. On March 8, Needham analyst Chris Pierce initiated coverage of Solid Power Inc (NASDAQ:SLDP), maintaining a ‘Buy’ rating and a $5 price target.

In the fourth quarter of 2022, Solid Power Inc (NASDAQ:SLDP) was a popular stock among hedge funds, as evidenced by the 18 funds that Insider Monkey was tracking declaring holdings in the business. The total value of these holdings is around $11.55 million. With 1.04 million shares, Steve Pattyn’s Yaupon Capital is Solid Power Inc (NASDAQ:SLDP)’s notable stakeholder in Q4.

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