![]() The company is also making some big investments which will ensure that it continues to grow steadily. The innovation factor is a key reason why I included PCRFY in this column. The company is planning to increase the energy density of its batteries by 20% by 2030. Panasonic is likely to remain a key player in the battery market due to its ongoing innovation. Additionally, the battery stock offers a healthy dividend yield of 3.5%. The stock, however, looks attractive as it’s trading at a forward price-earnings ratio of 9.5. Panasonic (OTCMKTS: PCRFY) stock has underperformed the market so far in 2022. This column outlines seven of the best battery stocks that are worth considering at their current levels.Ĭonceptual image of a modern battery energy storage system with wind turbines and solar panel power plants in background InvestorPlace - Stock Market News, Stock Advice & Trading Tips Another interesting theme within the EV battery space is the development of solid-state batteries. ![]() At the same time, lithium miners are positioned to benefit as the demand for batteries surges and lithium prices skyrocket. Lithium-ion battery stocks have benefitted from the rapid growth of the EV market. With many countries adopting ambitious EV sales targets beyond this period, the demand for batteries will remain robust well into the 2030s. After EV stocks underwent a significant correction, it seems like a good time to buy battery stocks.Īdding some more data, the electric-vehicle battery market is expected to grow at a compound annual growth rate of 28% through 2028. This fact, in itself, underscores the point that investing in the best battery stocks is essential for investors who are bullish on electric vehicles. According to the International Energy Agency, batteries typically account for 30% to 40% of the value of electric vehicles.
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