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3 Electric Vehicle Battery Stocks Wall Street Predicts Will Rally by More Than 70% By StockNews

by Mike Robinson

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© Reuters. Wall Street Forecasts More than 70% Increase in Electric Vehicle Battery Stocks

With the growing demand for electric vehicles (EV) batteries, and favorable government policies backing them, it is continuing to rise. Wall Street analysts predict that the electric vehicle battery stocks FREYR (FREY), Romeo Power, and Flux Power will rally in near-term. Over the next decade, electric vehicle batteries demand is expected to grow at an accelerated pace. International governments have taken various steps to improve EV infrastructure. The Biden Administration has suggested a $7.5 Billion investment in electric vehicle infrastructure.

Investors’ interest in the electric vehicle battery stocks is evident from the Global X Lithium & Battery Tech ETF’s (LIT) 8.4% returns over the past three months versus the SPDR S&P 500 ETF Trust’s (SPY) 1% gains. Expresswire reports that the EV market will grow 18% to $37.69 Billion between 2021-2025, according to a report.

Wall Street analysts believe that electric vehicle battery stocks FREYR (FREYR), Romeo Power, Inc., and Flux Power Holdings, Inc. will rise to more than 70% within the coming months. It could be a smart move to add these stocks as a watchlist.

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