This post was originally published on this site
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. Moreover, according to an Expresswire report, the EV battery market is expected to grow at an 18% CAGR to $37.69 billion between 2021 and 2025.
Given this backdrop, Wall Street analysts expect electric vehicle battery stocks FREYR Battery (FREY), Romeo Power, Inc. (RMO), and Flux Power Holdings, Inc. (FLUX) to rally more than 70% in the upcoming months. So, it could be wise to add these stocks to your watchlist.
