5 Most Promising EV Battery Stocks According to Analysts

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In this article, we will discuss the 5 most promising EV battery stocks to buy now according to analysts. If you want to explore similar stocks, you can go to 10 Most Promising EV Battery Stocks According to Analysts.

5. Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 8

Average Upside Potential as of February 10: 59.76%

Sigma Lithium Corporation (NASDAQ:SGML) is a Brazilian mining company involved in the exploration and development of lithium deposits. The company is a major provider of battery-grade lithium and is placed among the most promising EV battery stocks to buy now according to analysts.

On January 19, BMO Capital analyst Joel Jackson took coverage of Sigma Lithium Corporation (NASDAQ:SGML) with an Outperform rating and a $40 price target. Over the past 3 months, Sigma Lithium Corporation (NASDAQ:SGML) has received 3 Buy ratings from Wall Street analysts and has an average price target of $45.18, which represents a potential upside of 59.76%.

At the end of Q3 2022, 8 hedge funds were bullish on Sigma Lithium Corporation (NASDAQ:SGML) and disclosed positions worth $45.5 million in the company.

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