In this article, we will discuss: 9 Best Battery Stocks to Buy Before They Explode.
As AI data centers increase power demand, Goldman Sachs’ Nikhil Bhandari shared his thoughts about power demand in the US and its impact on the demand for batteries. According to the Battery Council International, Uninterruptible Power Supply (UPS) and Battery Energy Storage Systems (BESS) storage systems are helping data centers meet their power demand with data showing that Data center power demand, according to the organization, is forecast to grow at a compounded annual growth rate (CAGR) of 15% from 2023 to 2030, with both UPS and BESS systems playing a key role in the growth.
According to Bandari, Goldman is looking at a 2.6% power demand CAGR growth in the US market for the decade ending in 2030. This is higher than the flat CAGR of the previous decade. He also believes that 40% of the additional demand can be met by the existing system, but if AI demand posts an upside surprise, then US battery demand could grow from 40 to 50 GWh to about 160-170 GWh by 2030.
A battery energy storage. Photo from Eos Energy website
Our Methodology
After compiling an initial list of battery stocks, we used 1-yr price target estimates on Yahoo Finance to identify stocks for which analysts expect more than 50% upside in the next 12 months, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. All data is as of March 8th.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
9 Best Battery Stocks to Buy Before They Explode
9. Amprius Technologies Inc. (NYSE:AMPX)
Number of Hedge Fund Holdings: 27
Analyst Upside: 17%
Investment firm B. Riley raised Amprius Technologies Inc. (NYSE:AMPX)’s share price target to $22 from $16 and kept a Buy rating on the shares on March 9th. The update came after the firm’s fiscal fourth quarter and full year 2025 earnings report. In its earnings, Amprius Technologies Inc. (NYSE:AMPX) had reported $25.2 million in fourth-quarter revenue and $44 million in net loss. However, the firm’s revenue marked a 137% annual jump from the year-ago figures of $10.6 million. Similarly, the net loss was a significant improvement over the year-ago quarter’s $9.6 million. For the full year, Amprius Technologies Inc. (NYSE:AMPX) reported $73 million in revenue and $21.5 million in net loss to mark a 202% revenue growth and a 50% net loss improvement.
In February, Amprius Technologies Inc. (NYSE:AMPX) announced a partnership to expand its battery production in the US. On the 3rd, the firm revealed that it had entered into a manufacturing partnership with Nanotech Energy to produce high-performance silicon battery cells.
Amprius Technologies Inc. (NYSE:AMPX) is a lithium-ion battery manufacturer whose batteries are used in aerospace and space applications such as drones and satellites.
8. Energizer Holdings, Inc. (NYSE:ENR)
Number of Hedge Fund Holdings: 19
Analyst Upside: 22%
Banking giant Morgan Stanley raised battery firm Energizer Holdings, Inc. (NYSE:ENR)’s share price target on February 9th. The price target was raised to $24 from $22 while the share rating was maintained at Equalweight. The coverage came after Energizer Holdings, Inc. (NYSE:ENR) reported its earnings for the 2026 first fiscal quarter on February 5th. The results saw the firm report $778 million in revenue and $4.8 million in net loss. Following the earnings, Evercore ISI also discussed Energizer Holdings, Inc. (NYSE:ENR)’s shares. On February 10th, it reduced the share price target to $28 from $30 and kept an Outperform rating on the shares. Evercore ISI pointed out that the battery company could experience a strong rebound in the year’s second half due to expectations about rival firm Duracell’s market presence weakening.
As part of his comments made during the earnings, Energizer Holdings, Inc. (NYSE:ENR)’s CEO Mark LaVigne outlined that his firm would focus on restoring growth, building margins, and returning to the long-term cash flow profile. The firm is one of the largest household and specialty battery companies in the world.
