9 Cheap Solid State Battery Stocks to Invest in Now

6. Materion Corporation (NYSE:MTRN)

Forward Price-to-Earnings: 18.52

Number of Hedge Fund Holders: 22

With a low P/E ratio and solid hedge fund backing, Materion Corporation (NYSE:MTRN) earns a spot on our list of the 9 Cheap Solid State Battery Stocks to Invest in Now.

On July 18, 2025, KeyBanc upgraded Materion Corporation (NYSE:MTRN) from ‘Sector Weight’ to ‘Overweight,’ with a price target of $112.00, indicating a potential gain of 10.96% from the current stock price of $100.94.

A resurgence in the semiconductor industry, one of Materion Corporation (NYSE:MTRN)’s primary businesses, and a reduction in China tariff tensions are reflected in the positive call. Additionally, KeyBanc identified continued strength in defense and aerospace, including space technologies, as major demand generators. Notably, management’s consistent emphasis on growing through-cycle EBITDA margins has led analysts to increase their 2025–2026 EPS projections.

Materion’s long-term appeal is increased by its crucial exposure to beryllium, a mineral with increasing strategic relevance as the United States works to strengthen its domestic supply chains. With a 7.69% gain in the last year and a 14-year dividend payment streak, Materion Corporation (NYSE:MTRN) is putting itself at the forefront of several high-growth industries while rewarding shareholders.

Materion Corporation (NYSE:MTRN) produces advanced engineered materials across the US, Asia, Europe, and other global markets. Performance Materials, Electronic Materials, Precision Optics, and Other are the company’s four business segments. It is included in our list of cheap solid state battery stocks.