Top Performing Solid-State Battery Stocks

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Batteries have gained more attention with the rising demand for electric vehicles (EVs). Many vehicles use a lithium-ion battery, but solid-state batteries offer more durability than lithium-ion batteries. Solid-state batteries have more capacity than lithium-ion batteries and aren’t prone to explosions or fires. Lithium-ion batteries aren’t just for EVs. Apple has been using the technology for its iPhones since 2007. If solid-state batteries gain momentum and become mainstream, the companies in that industry can generate long-term returns for investors.

Quick Look at the Top Performing Solid-State Battery Stocks:

Deep Dive

Solid-state batteries can be the next innovation in batteries. These batteries can become a more viable long-term solution than lithium-ion batteries. These are some of the top solid-state battery stocks to keep on your radar.

1. Toyota Motor Corp. (NYSE: TM)

While the company offers many vehicles, its foray into solid-state batteries can present a buying opportunity. Toyota remains committed to offering vehicles powered by solid-state batteries in 2025. The solid-state battery vehicles are still under development, but a recent breakthrough has leadership excited about a solid-state battery car that can possibly cover over 900 miles of driving range.

2. Albemarle Corp. (NYSE: ALB)

Albemarle is a leader in the EV industry that has more than doubled over the past five years. The chemical manufacturing company is a go-to resource for EV producers’ lithium needs. The company is the largest provider of lithium for EV batteries. Although Albemarle has a large market share in lithium-ion batteries, the company is studying solid-state batteries for the long term. Solid-state batteries require more lithium than lithium-ion batteries, which means more demand for Albemarle’s resources. 

3. Nissan Motor Co. (OTCMKTS: NSANY) 

Nissan is racing with Toyota to release a solid-state battery vehicle in 2025. Prototypes are currently underway at the company’s solid-state battery plant. Nissan aspires to release mass-produced vehicles with this technology by 2028. The company plans to make these batteries cobalt-free, which would significantly reduce costs.

4. Livent Corp. (NYSE: LTHM)

Livent specializes in lithium-ion batteries and is doing research on solid-state batteries. The company’s LIOVIX technology can be critical for the development and commercialization of solid-state batteries.

5. Lithium Americas Corp. (NYSE: LAC)

Lithium is the resource that enables EV batteries. Without this material, electric vehicles cannot get produced. That’s where miners like Lithium Americas come into the equation. Lithium Americas is one of the world’s largest lithium miners and owns a critical lithium mining site in the United States. This mine, Thacker Pass, is the world’s second-largest lithium deposit.

Pros and Cons

Solid-state battery stocks have advantages and disadvantages to consider before making an investment.

Pros

• Significant potential 
• Dual exposure because top solid-state battery stocks are also usually lithium-ion battery stocks 
• Steady revenue streams if the company’s plans are successful

Cons

• Pure plays tend to have high losses
• Small percentage of revenue for some solid-state battery companies
• New field with uncertainties 
• Unverified delivery timelines

Where to Buy

Investing in solid-state battery stocks can diversify your portfolio. Choosing the right broker can reduce your fees and give you access to more features. If you are still on the fence, these are some of the top brokers to consider. 

How to Choose

Investors looking for exposure to solid-state batteries can choose from several stocks. Keeping these factors in mind can increase your likelihood of generating high returns.

Technological Advancements

Solid-state batteries are still a new concept for EVs. It will take several years before solid-state vehicles get mass-produced, and technological innovations are vital for that development. Companies making great strides with their batteries may be worth keeping on your radar. 

Companies Financial Stability

Some small solid-state battery companies have mounting losses and revenue that falls well below their market caps. An unsustainable company is more dependent on the success of solid-state batteries. The companies discussed in this article do not depend on solid-state batteries to be successful. Toyota and Nissan can still profit from selling cars, but solid-state battery vehicles can become a profitable segment in the future.

State of the Market

Current market conditions can impact asset prices. A weakening consumer can result in widespread stock market weakness. Investors should also look at the state of the EV and solid-state battery market to gauge how these investments may perform in the future. 

Frequently Asked Questions 

Best Solid-State Battery Stocks Methodology

This methodology involved choosing profitable solid-state battery stocks. These stocks give investors exposure to the industry without a high-risk, high-reward setup. The risk tolerances for these companies are more palatable than some of the pure-play small caps in the industry.