Solid state battery companies stock1/17/2024 ![]() ![]() Additionally, the new solid-state battery can potentially power electric planes. The differentiating factors are likely to include lower cost, higher battery life and faster charging.Īccording to the company, the battery can charge 80% in 15 minutes. Talking about innovation, the company has more than 200 patents related to material, use and process. Nonetheless, I believe that the company is attractive if investors are looking at innovators among battery stocks. A sharp correction ensued and QS stock currently trades at $21.50. The stock touched a high of $132.70 in December 2020. QS stock has seen significant volatility in the last few quarters. The company’s Caucharí-Olaroz asset is already fully-funded. Lithium Americas has $500 million in cash. Financing growth does not seem to be a concern. The project has a life of 46 years, and the company has guided for average annual EBITDA of $520 million from the project.Ĭlearly, once these two projects commence production, the company is likely to report healthy EBITDA and cash flows. The asset is on-track for production in mid-2022.įurthermore, the company’s Thacker Pass lithium project is likely to deliver production of 60,000tpa. The asset is likely to deliver an average annual EBITDA of $308 million. Moreover, the company’s Cauchari-Olaroz asset has an annual production capacity of 40,000tpa with a project life of 40 years. That said, a breakout seems imminent after the current consolidation. However, the stock has been a bit down for the current year. Therefore, the company can be considered as a proxy-play for strong growth in demand for lithium batteries in the coming decade.įrom a stock price action perspective, LAC stock has surged by 131% in the last 12 months. The company is in the exploration and production of lithium. I would consider LAC stock among the attractive names in the list of battery stocks. It’s also worth noting that the stock offers a healthy dividend yield of 1.55%. And considering the outlook for EVs over the next decade, PCRFY stock does seem to be among the top battery stocks. Clearly, growth seems to be gaining traction. For the current financial year, the company has guided for sales of 1,560 billion yen. Recently, Schlumberger (NYSE: SLB) also tied-up with Panasonic for a “new battery-grade lithium production process.” In turn, these developments are likely to translate into accelerate growth in the battery segment in the next few years.įor FY2021, the company reported automotive segment sales of 1,339.4 billion yen. The JV will develop “ highly competitive, cost-effective batteries that are safe and feature excellent quality and performance.” In February 2020, Panasonic and Toyota (NYSE: TM) established a joint venture (JV) for automotive prismatic batteries. The company also increased production in the North American factory with additional capacity expected in 2022. Last year, the company introduced a new technology for higher battery capacity. In the automotive battery segment, Panasonic has been making rapid strides. However, the stock looks attractive at a trailing price-earnings ratio (P/E) of 18.8. Year-to-date, PCRFY stock has been relatively sideways. Now, let’s dive in and take a closer look at each one. With all of that in mind, let’s talk about the four battery stocks that seem positioned for an uptrend with positive industry tailwinds. I have also discussed one lithium miner that looks positioned for robust returns in the next few years. That’s one area of focus in this column.įurthermore, with the demand for lithium-ion batteries, there has been significant action in lithium mining stocks. Solid-state batteries are being considered as the batteries that will power EVs in the future. With the growing demand, the industry has also witnessed innovation. So, considering this growth outlook and supply scenario, battery stocks are worth considering for the long-term portfolio. ![]() Additionally, another recent study by Bank of America Global Research indicates that the world might run out of EV batteries by 2025. That said, this seems very likely considering the global push for cleaner energy. That said, this space shows no signs of slowing down - and that provides a solid outlook for battery stocks.ĭeloitte estimates suggest that the EV industry will grow at a CAGR of 29% through 2030. As we continue to navigate another wild year, one sector that continues to thrive are electric vehicles (EVs).
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