7 Best Battery Technology Stocks to Buy for Grid Storage

Page 2 of 2

6. Honeywell International Inc. (NASDAQ:HON)

Short Percentage of Shares Outstanding: 2.18%

On June 30, Deutsche Bank analyst Nicole DeBlase raised the firm’s price target on Honeywell International Inc. (NASDAQ:HON) to $263 from $250 while maintaining a Buy rating on the shares. The updated valuation follows the company’s recent spin-off and reverse stock split, reflecting Deutsche Bank’s revised financial model and continued confidence in Honeywell’s long-term strategic direction. The firm believes the company’s streamlined structure will enhance operational focus and better position its businesses to capitalize on attractive growth opportunities across their respective end markets.

Earlier, on June 25, Honeywell International Inc. (NASDAQ:HON) announced that the SB 13-2 community solar project in upstate New York had achieved commercial operation, marking an important milestone in the company’s approximately $41 million acquisition of a three-project, 21 MW DC solar portfolio from PowerBank. Constructed on a Honeywell-owned industrial brownfield site, the 7.01 MW DC / 5 MW AC project was developed under an engineering, procurement, and construction agreement following the 2023 acquisition. The asset is expected to transfer to Honeywell Aerospace following the completion of the company’s planned aerospace spin-off, further advancing its renewable energy and infrastructure initiatives.

Founded in 1906 and headquartered in Charlotte, North Carolina, Honeywell International Inc. (NASDAQ:HON) is a diversified industrial technology company that develops advanced hardware and software solutions for aerospace, industrial automation, building technologies, and energy markets.

While we acknowledge the potential of HON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Battery Technology Stocks to Buy for Grid Storage.

Disclosure: None. Follow Insider Monkey on Google News.

Page 2 of 2
1281292 - 11759070 - 1