This provides clear visibility for cash flow upside.ĪLB stock already has an annual dividend of $1.58. Additionally, Albemarle has a target to achieve a conversion capacity of 450 to 500ktpa by 2030. By the end of the year, the company expects to boost capacity to 200ktpa. For Q3 2022, Albemarle reported revenue and EBITDA growth of 152% and 447% on a year-on-year basis.Īt the end of 2021, Albemarle reported a lithium conversion capacity of 85ktpa. The company has already been delivering solid results on the back of higher lithium production and price realization. Lithium is therefore an attractive investment theme and Albemarle Corporation (NYSE: ALB) is a quality stock to consider. One report indicates that by 2035, the supply gap will be acute at 1.1 million metric tons. With the surge in demand for lithium batteries, it’s anticipated that there will be a shortage of lithium. Considering a five-year investment horizon, multi-bagger returns seem likely. Overall, PCRFY is the top battery stock to hold in the portfolio. The innovation factor will ensure that the company potentially increases market share in the coming years. The company is just behind Toyota in solid-state battery patents. It’s also worth noting that Panasonic has been investing in innovation. With these investments in the pipeline, the outlook is positive for Panasonic. Panasonic is also planning a new battery plant in Japan as part of a joint venture with Toyota Motor (NYSE: TM). There is an additional plan for a second plant in Oklahoma with an investment of $4 billion. The company is investing $4 billion in an EV battery plant in Kansas. Panasonic has been pursuing investments to boost growth and market share. At a forward price-earnings ratio of 12.5, the 2.4% dividend yield stock looks attractive. Let’s talk about seven of the best battery stocks to buy.Īmidst volatility, Panasonic Holdings (OTCMKTS: PCRFY) stock has been sideways in the last six months. Additionally, companies working on the commercialization of solid-state batteries are high-risk bets worth considering. My portfolio of battery stocks would include traditional lithium battery suppliers and companies with lithium assets.
The correction presents a golden opportunity to accumulate some of the best battery stocks. The International Energy Agency expects EV battery demand to increase to 3,500GWh by 2030 from current levels of 340GWh. If this target is achieved, battery demand is likely to remain robust in the coming years. It’s expected that by 2030, electric vehicles will represent more than 60% of vehicles sold globally. Global EV penetration has increased to 8.8% in 2021. There is however no doubt on the point that the best part of growth for electric vehicles is still to come. The correction has been in-sync with the downside in electric vehicle stocks. Some of the best battery stocks have underperformed this year.
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