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Top 2 Battery Stocks That Could Be Making Big Moves In 2020

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Are These Battery Stocks Well Positioned To Supercharge Your Portfolio?

The automotive industry is undergoing a massive change. Automotive stocks with technology elements- the electric vehicle stocks are the market’s most loved stocks right now. We saw Nio’s (NIO Stock Report) strong rally in the past month. This has enticed investors to search for the top EV stocks to buy right now. Strong deliveries results in Nio shows that there’s a market for other EV brands apart from the industry’s leader Tesla. 

After all, the shift toward clean energy vehicles is part of the evolution of the automotive market. The significant driver of the high demand for electric vehicles in China, the United States, and globally are making EV stocks at the forefront of gains. As a result, investors who seek to consider a new avenue for investments in the future can also look into the global automotive battery market.

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Automotive Battery Stocks Could Be The New Gainer Amid EV Revolution

The sale of electric vehicles may not outrun that of conventional combustion engines any time soon. But the truth is, we are increasingly seeing the shift towards EV due to environmental and sustainability reasons. The demand for lower emissions to combat global warming is getting more traction. This came after some conspiracy theories stating that the coronavirus could transform into what it is today due to a warmer climate. That aside, more consumers are turning to vehicles that are fossil-fuel-free that would have no emission.

More importantly, the growing cost-effectiveness of lithium-ion batteries is a major driver contributing to the rise of electric vehicles on the road. The improvement in battery tech and lowered costs contributed to the rise of EV. Now, batteries are slowly entering the minds of investors. With that in mind, could these battery stocks be a good investment for the second half of 2020?

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Top Battery Stocks To Watch In July: Tesla

OK, I know what you are thinking. Tesla is not exactly a battery company. The largest EV manufacturer Tesla (TSLA Stock Report) has set a date for its battery technology day. The event will take place on 22nd September 2020 in California. This is a huge deal for investors to learn more about EV technology and how it could affect their profit margins in the long run. 

Wedbush analyst Dan Ives thinks the battery event will be a positive catalyst for Tesla stock. “Musk & Co. are slated to announce a number of new potential game changing battery developments,” Ives wrote in a Sunday research report. He’s expecting a million-mile battery announcement, among other enhancements. A million mile battery would last 1 million miles through all weather and charging cycles. That would represent “a major step forward when competing versus traditional gasoline powered automotive competitors.”

When it comes to TSLA stock, it’s hard to catch up considering the bullish sentiment for the past few weeks. Many analysts had given a $1,250 price target for Tesla stock, but the bulls know that’s already history. Dan Ives on the other hand, gave a $2,000 price tag for TSLA stock. Of course, this is assuming the battery technology day could have a new breakthrough during the event. Nothing seems impossible when it comes to Elon Musk and new technology, if history serves as a good guidance. 

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Top Battery Stocks To Watch In July: Panasonic Corporation

Panasonic Corporation (PCRFY Stock Report) is a household name that’s been around for as long we all can remember. Panasonic is a large-cap stock with a market cap of about $22 billion. In fact, the company has been around since 1918. PCRFY stocks are traded over the counter in the US via the company’s American depositary receipt program. OTC stocks are often small-cap stocks attached to small companies that can’t afford a listing on a major exchange. But that’s obviously not the case for Panasonic, considering their high valuation. 

The company’s deal with EV manufacturer Tesla to provide automotive batteries, which it signed in 2014, may be starting to finally pay off. Panasonic invested a lot of money into building a production facility in Nevada. It hadn’t started seeing a profit from the facility until this past quarter. Although Panasonic is no longer Tesla’s exclusive battery supplier, it has been able to turn around the U.S. joint battery business as demand for Tesla’s electric vehicles continues to soar. Apart from Tesla, the company also partnered with Toyota to manufacture batteries for their EV. With all that being said, is PCRFY stock the best battery stock to watch as demand for EV soars?

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.