Interest in battery stocks is starting to pick up once again, after a tough year so far.
The Global X Lithium & Battery Tech ETF is down around 12% year-to-date, as growth stocks got battered in the higher-interest-rates-for-longer investing environment.
And analysts expect them to rise even further, as EV production and sales rise, Rystad Energy analysts sais in a note last week.
Meanwhile, 100% of all analysts covering the stocks gave these names a buy rating: Microvast, Piedmont Lithium , and Standard Lithium .
And analysts say it has potential to go even further, giving it an average upside of 74%, according to FactSet.