Published on 24 Dec 2023 on Insider Monkey via Yahoo Finance
11 Most Promising EV Battery Stocks According to Analysts
In this article, we discuss the 11 most promising EV battery stocks according to analysts. To skip the detailed analysis of the EV battery industry, go directly to the 5 Most Promising EV Battery Stocks According to Analysts.
The global push toward clean energy has been mainly due to climate concerns. From a financial perspective, oil and gas have been unreliable over the past few years. While the oil and gas industry has made some investors very rich, the volatility has negatively affected the economy.
Oil prices experienced a heavy slump in 2020 to reach record highs in 2022. Stimulus payments due to the pandemic, paired with the jump in oil prices, threw the US economy into chaos. The oil prices dialed down in 2023, and the economy also showed signs of recovery on the back of the technology sector. Then the Middle East conflict made the world hold its breath again as it readied for another oil price surge and a blow to the economy. Fortunately, it didn’t happen. The uncertainty of oil prices due to foreign wars and production cuts, paired with climate concerns, make a perfect case for the US to shift toward renewable energy and electric mobility.