Alternate Energy Sector Ideas

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Enphase Energy - >>> 8 Battery Stocks That Electric Vehicle Companies Rely On

These battery stocks are going to benefit heavily from the EV revolution

By Louis Navellier

Dec 10, 2020


https://investorplace.com/2020/12/8-battery-stocks-that-electric-vehicle-companies-rely-on/


2020 is turning into a tipping point for the electric vehicle (EV) industry. EV stocks are making huge gains, while traditional oil and gas companies are taking it on the chin. The popularity of EVs has a trickle effect through the supply chain, and that means big potential for battery stocks.

Without batteries, there is no EV industry. Canny investors are increasingly eying battery-related stocks, including companies that mine and refine lithium — the key element in lithium ion batteries. Lithium is often referred to as “white gold” or “white oil” in a reference to its value and central position in the green energy revolution.

As electric cars grow in popularity, these eight stocks stand to benefit from the ramped up demand for lithium-ion batteries:


Albemarle corporation (NYSE:ALB)

Enphase Energy Inc (NASDAQ:ENPH)

EnerSys (NYSE:ENS)

FMC Corp (NYSE:FMC)

Lithium Americas Corp (NYSE:LAC)

Livent Corp (NYSE:LTHM)

Sociedad Quimica y Minera de Chile (NYSE:SQM)

Vale SA (NYSE:VALE)


Adding to the attractiveness of battery stocks is that fact that many have lagged EV stocks in terms of growth. As demand ramps up, expect that to change, but for now shares in many of these companies remain affordable.


Enphase Energy (ENPH)

Enphase Energy is unique among these battery stocks because it earns an ‘A’ rating in Portfolio Grader. It’s also an unusual pick because Enphase doesn’t mine lithium or manufacture EV batteries.

So why is ENPH stock on the list? Enphase is the world’s leading supplier of the micro inverters used in solar power installations. And Enphase also offers Encharge solar battery systems. These use solar power to charge a battery, offering an integrated home backup power solution. Something that’s increasingly popular during an era of extreme climate events like wildfires that can knock out power for days at a time.

In addition, as EVs grow in popularity, they are shining a light on home solar + battery installations. That halo effect has helped drive ENPH stock to 360% growth so far in 2020.

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