5 best battery stocks to Buy for Q3 2023

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated: Jun 9, 2023

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Demand for batteries has never been higher and with the number of EVs set to reach record levels, the battery market is primed for growth. Our stock experts have investigated the battery industry and you can use this guide to find the best battery stocks to buy in 2023.

What are the top battery stocks to buy?

Below you will find the best battery stocks in 2023. We’ve included each one’s ticker symbol and name. You can click the buttons next to each company to visit the best brokers to buy battery stocks. Alternatively, keep scrolling to learn more about each one in detail. 

1. Panasonic Holdings (OTCMKTS:PCRFY)

Top spot on our best battery stocks to buy in 2023 list is Panasonic Holdings. Founded in 1918 and headquartered in Osaka, Japan, Panasonic operates in the consumer electronics, automotive, and energy solutions sectors. It offers various products, including televisions, audio equipment, home appliances, and automotive components. 

Panasonic is a prominent player in the battery industry, particularly in producing batteries for electric vehicles and energy storage solutions. It supplies Tesla with batteries for its EVs, is actively expanding its battery production capabilities, and in late 2022 announced plans to invest $4 billion in constructing an EV battery plant in the United States.

The company has a large battery division that operates alongside its renowned consumer electronics business. It has multiple brands, including Panasonic NCR, which offers lithium-ion batteries for various applications. Eneloop is another of its battery brands, best known for its rechargeable batteries for electronic devices. 

2. QuantumScape (NYSE:QS)

QuantumScape is a relatively new company in the battery industry. Founded in 2010 and headquartered in San Jose, California, it’s a leader in the field of solid-state battery technology. QuantumScape develops solid-state batteries with higher energy density, faster charging capabilities, and better safety than traditional lithium-ion batteries.

The company has a partnership with Volkswagen Group to advance the development of solid-state batteries for electric vehicles. It has also attracted notable investments from Bill Gates and BMW, who have made substantial investments in its ventures.

QuantumScape is in a good position to capitalise on the industry’s goal of achieving more efficient and safer energy storage solutions by focusing on solid-state batteries. As the demand for electric vehicles and energy storage applications continues to rise, QuantumScape’s innovative battery technology could be the solution. 

3. Lithium Americas (NYSE:LAC)

A best battery stocks to buy list would not be complete without a lithium company and the best lithium battery stock to buy in 2023 is Lithium Americas. Founded in 2007, the company focuses on exploring and developing lithium resources, which are vital for batteries used in electric vehicles and renewable energy storage. 

The increasing demand for lithium in the growing EV and renewable energy sectors makes LAC one of the best battery stocks in 2023. The company has strong partnerships with key players like Ganfeng Lithium and Tesla, demonstrating its position in the lithium supply chain and ability to meet industry needs.

Lithium Americas is known for mines like the Cauchari-Olaroz lithium project in Argentina and Thacker Pass lithium project in Nevada, USA. These projects highlight the company’s dedication to sustainable lithium resource development to meet battery demands. With strategic partnerships, successful projects, and a strong presence in the lithium industry, Lithium Americas offers an excellent investment opportunity in the expanding EV and renewable energy markets.

4. Albemarle Corporation (NYSE:ALB)

Another lithium company makes our best battery stocks to buy in 2023 list, this time Albemarle Corporation. Founded in 1994 and based in Charlotte, North Carolina, ALB is one of the largest players in the lithium industry. The company focuses on producing and selling lithium and other speciality chemicals. 

The company’s extensive expertise in lithium production has strengthened its market position. Albemarle has partnerships with key electric vehicle and battery manufacturing players, including Tesla, BMW, and LG Chem. These partnerships highlight Albemarle’s reliability as a trusted supplier of high-quality lithium products.

With the soaring demand for lithium driven by the rapid growth of electric vehicles and renewable energy, Albemarle is well-positioned for success. Its established presence in the market, robust partnerships, and commitment to sustainable lithium production make it a top investment choice in the battery industry. 

5. Ford Motor Company (NYSE:F)

Final spot on our best battery stocks to buy list goes to Ford. Founded in 1903 and headquartered in Dearborn, Michigan, the Ford Motor Company is one of the world’s largest and best known automotive brands. With an extensive portfolio of cars, trucks, and SUVs, Ford has committed to moving to electric vehicles. 

The company has committed to electric mobility, expanding its presence in the EV market by releasing new models. By manufacturing its own batteries, Ford aims to push the boundaries of battery technology while reducing dependency on external suppliers. This move gives Ford greater control over the entire supply chain, from battery production to vehicle manufacturing.

Ford also has valuable partnerships to strengthen its position in the battery industry. Notably, the collaboration with SK Innovation, a renowned battery manufacturer, ensures a reliable supply of cutting-edge lithium-ion batteries for Ford’s lineup of EVs. This alliance secures access to advanced battery technology and means Ford is a key player in the lithium battery industry.

Where to buy the best battery stocks

You can buy any of the best battery stocks on our list using the brokers below. These platforms are our expertly selected recommendations and are the perfect choice for beginners and experienced investors. Click on any of the links below to get started in a few minutes. 

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What is a battery stock?

It’s the stock of a company in the battery industry. These stocks represent ownership in companies that manufacture, develop, or distribute batteries for applications like electric vehicles, electronics, and energy storage solutions. Battery stocks have gained attention due to the increasing demand for batteries in the shift towards cleaner energy. 

Are battery stocks a good investment?

Yes, investing in battery stocks is a good investment. The increasing demand for batteries, driven by the widespread adoption of electric vehicles, renewable energy systems, and portable electronic devices, has created a favourable market for battery related companies. 

As the world moves towards cleaner energy sources, the need for efficient energy storage solutions becomes paramount, making battery stocks an attractive investment opportunity.

Whatever you decide, it’s important to stay updated with the latest news and market analysis, which you can do by clicking any of the links below. You’ll also need to use a broker that offers the best battery stocks and you can click the blue button to visit our expertly selected recommendations.