5 Most Promising EV Stocks to Buy According to Analysts

2. Solid Power, Inc. (NASDAQ:SLDP)

Analyst Upside: 164.42%

On June 10, Alliance Global started coverage of Solid Power, Inc. (NASDAQ:SLDP) with a “Buy” rating and a $6.75 price target. The firm said the power battery firm is one of only a few companies focused solely on supplying solid electrolyte materials to the solid-state battery industry. The analyst also noted that this solid electrolyte is proven to improve overall battery performance across the board.

Separately, Solid Power, Inc. (NASDAQ:SLDP)’s recent developments include its completed site acceptance testing for SK On’s pilot cell line and the beginning of construction of its continuous sulfide electrolyte manufacturing pilot facility, with commissioning remaining on track for the end of 2026. The corporation also said it supplied electrolytes to Samsung SDI under its joint evaluation agreement with Samsung SDI and BMW. It also continued customer sampling and explored commercial-scale production partnerships in South Korea. The company strengthened its balance sheet by completing a $130 million registered direct offering.

Solid Power, Inc. (NASDAQ:SLDP) manufactures and supplies power batteries. The firm develops all-solid-state battery cell technology.