Buy Alert: 3 Battery Stocks Nearing Super Attractive Entry Points

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

The battery market is a dynamic and fast-growing sector driven by increased demand from both governments and consumers alike for clean energy and transportation. Capturing market share in this sector requires competitive technology and access to lithium, nickel and cobalt. According to a recent industry report, the global battery market size was valued at $112.1 billion in 2021 and should reach $406.1 billion by 2023. This represents a compound annual growth rate (CAGR) of 15.9% from 2022 to 2030. The main drivers of growth are the rising adoption of electric vehicles (EVs) amongst private vehicle owners, the expansion of renewable energy sources and the development of energy storage systems. This has ultimately led to the rise of once undervalued battery stocks.