5 top battery stocks to buy in 2024

The best battery stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular battery stocks picks to buy in 2024

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 US stocks.

1. Energizer (ENR)
2. Tesla (TSLA)
3. Switchback Energy Acquisition Corporation (SBE)
4. Panasonic Corp PK (PCRFY)
5. Romeo Power (RMO)

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The battery stocks 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.

Our picks for platforms with research tools

How to invest in battery stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like ENR or TSLA.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into battery stocks

If you're interested in investing in the energy industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Energizer (ENR)

Energizer Holdings, Inc. , together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.

Energizer stock opened the day at $28.35 after a previous close of $28.40. The latest price was $28.51 (25-minute delay). Energizer is listed on the NYSE, has a trailing 12-month revenue of around USD2.9 billion and employs 5,080 staff.

• Market capitalization: $2,046,513,536
• P/E ratio: 22.1008
• PEG ratio: 1.5

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2. 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.

Tesla stock opened the day at $168.85 after a previous close of $170.18. The latest price was $168.29 (25-minute delay). Tesla is listed on the NASDAQ, has a trailing 12-month revenue of around USD$94.7 billion and employs 140,473 staff.

• Market capitalization: $517,064,982,528
• P/E ratio: 41.4655
• PEG ratio: 2.6327

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3. 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.

Switchback Energy Acquisition Corporation is listed on the NYSE.

• Market capitalization: $1,209,513,344

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4. Panasonic Corp PK (PCRFY)

Panasonic Holdings Corporation, together with its subsidiaries, research, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy. The Lifestyle segment offers refrigerators, microwave ovens, rice cookers, washing machines, lighting fixtures, vacuum cleaners, air-conditioners, air to water heat pump system, air purifiers/sterilizers, and freezing or refrigerating showcases, as well as ventilation and perflation equipment.

Panasonic Corp PK stock opened the day at $9.38 after a previous close of $9.48. The latest price was $9.19 (25-minute delay). Panasonic Corp PK is listed on the PINK, has a trailing 12-month revenue of around USD$8.5 trillion and employs 230,025 staff.

• Market capitalization: $22,077,804,544
• P/E ratio: 6.5915
• PEG ratio: 1.0327

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5. 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.

Romeo Power is listed on the NYSE, has a trailing 12-month revenue of around USD$32.1 million and employs 293 staff.

• Market capitalization: $65,068,148

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Compare more stock trading platforms to invest in battery stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in battery stocks.

Bottom line

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. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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