5 Most Promising EV Battery Stocks According to Analysts

4. Piedmont Lithium Inc. (NASDAQ:PLL)

Number of Hedge Fund Holders: 12

Average Upside Potential as of February 10: 67.56%

Piedmont Lithium Inc. (NASDAQ:PLL) is an American low-cost producer of lithium hydroxide and is also a premier supplier of battery-grade lithium. At the close of Q3 2022, 12 hedge funds were long Piedmont Lithium Inc. (NASDAQ:PLL) and held positions worth $34.3 million in the company.

As of December 2, DA Davidson analyst Matt Summerville raised his price target on Piedmont Lithium Inc. (NASDAQ:PLL) to $90 from $85 and maintained a Buy rating on the shares.

Piedmont Lithium Inc. (NASDAQ:PLL) has received 3 Buy ratings from Wall Street analysts over the past 3 months and has a consensus Strong Buy rating. The stock’s average price target of $109.67 implies an upside of 67.56% from current levels. Piedmont Lithium Inc. (NASDAQ:PLL) is one of the most promising EV battery stocks to buy according to analysts.