Considering investing in battery stocks? While the best battery stocks depend on your portfolio and investment goals, we've identified some battery stocks that are worth keeping an eye on in the energy sector. Keep reading to learn more about battery stocks and how to start investing.
5 popular battery stocks to watch
We round up a selection of stocks in or related to the energy industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| Energizer (ENR.US) | (data unavailable) | $1.2 billion (USD) | NYSE | (data unavailable) | Buy now |
| Tesla (TSLA.US) | (data unavailable) | $1.4 trillion (USD) | NASDAQ | (data unavailable) | Buy now |
| Switchback Energy Acquisition Corporation (SBE.US) | (data unavailable) | $1.2 billion (USD) | NYSE | (data unavailable) | Buy now |
| Panasonic Holdings Corporation (PCRFY.US) | (data unavailable) | (data unavailable) | PINK | (data unavailable) | Buy now |
| Romeo Power (RMO.US) | (data unavailable) | $65.1 million (USD) | NYSE | (data unavailable) | Buy now |
What to look for when investing in battery stock
The energy industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering battery stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in battery stock
- Research the energy industry. Before investing, learn about the battery stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the battery stock(s) to buy. Search by company name or ticker symbol, like ENR or TSLA. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy battery stocks
Are battery stocks a good investment?
While it's possible to turn a profit investing in battery stocks, keep in mind that—like any investment—battery stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the energy industry, so carefully vet your picks before you invest.What are the best battery stocks?
A lot of factors go into picking the best battery stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong battery stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular battery stocks in or related to the energy industry to help narrow down your options:
- Energizer (ENR)
- Tesla (TSLA)
- Switchback Energy Acquisition Corporation (SBE)
- Panasonic Holdings Corporation (PCRFY)
- Romeo Power (RMO)
Keep in mind that this is not a "best" list or a recommendation. It highlights some battery stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each battery stock below. Keep reading to decide if any of these companies are the right investment for you.
Energizer (ENR)
Energizer Holdings, Inc. , together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers household batteries, including primary, rechargeable, specialty, and hearing aid under the Energizer, Eveready, Rayovac, and Varta brands; and protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners, and washes under the Armor All, Nu Finish, Refresh Your Car!, LEXOL, Eagle One, NEVR-DULL, California Scents, Driven, Bahama & Co, Carnu, Grand Prix, Kit, Tempo, and Centralsul brands.
| Market Capitalization | $1.2 billion |
|---|---|
| Gross profit (TTM) | $1.3 billion |
| Profit margin | 8.09% |
| Revenue (TTM) | $3 billion |
| Earnings per share (TTM) | $3.32 |
| 52-week stock price range | $16.84 – $37.54 |
Tesla (TSLA)
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage.
| Market Capitalization | $1.4 trillion |
|---|---|
| Gross profit (TTM) | $16.3 billion |
| Profit margin | 5.31% |
| Revenue (TTM) | $95.6 billion |
| Earnings per share (TTM) | $1.46 |
| 52-week stock price range | $214.25 – $488.54 |
Switchback Energy Acquisition Corporation (SBE)
Switchback Energy Acquisition Corporation does not have significant operations. It intends to identify and acquire companies through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinations. The company focuses on investing in the business of energy industry primarily in North America.
| Market Capitalization | $1.2 billion |
|---|---|
| Earnings per share (TTM) | $0.07 |
Panasonic Holdings Corporation (PCRFY)
N/A. . .
Romeo Power (RMO)
Romeo Power, Inc. , an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. The company designs and manufactures battery modules, battery packs, and battery management system technologies; and provides non-recurring engineering services, such as design, prototype, and testing services.
| Market Capitalization | $65.1 million |
|---|---|
| Gross profit (TTM) | $-21,348,000 |
| Revenue (TTM) | $32.1 million |
| Earnings per share (TTM) | -$1.23 |
Compare trading platforms to buy battery stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding battery stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of battery stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the energy industry to know when to buy, sell or hold.Frequently asked questions about battery stocks
Sources
Check these other commodities and investment sectors
If you're thinking about diversifying your portfolio and investing in sectors beyond battery stocks, here are some others you can consider:More guides on Finder
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