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

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08.10.2021

The demand for electric vehicle (EV) batteries continues to grow with the increasing shift toward EVs backed by favorable government policies. Therefore, Wall Street analysts expect electric vehicle battery stocks FREYR Battery (FREY), Romeo Power (RMO), and Flux Power (FLUX) to rally significantly in the near term.

The demand for electric vehicle (EV) batteries is projected to expand at a rapid rate over the next decade. In addition, governments worldwide have been taking various measures to push for better EV infrastructure. For example, the Biden administration has proposed a $7.5 billion investment in EV 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. 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.

FREYR Battery (FREY)

Based in Luxembourg, FREY produces and sells battery cells for stationary energy storage, electric mobility, and marine applications internationally. It also designs........

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