Wall Street Favorites: 3 Battery Stocks With Strong Buy Ratings for April 2024
EnerSys(ENS) InvestorPlace·2024-04-11 00:54
Battery stocks are at a critical juncture. Due to the current oversupply and demand dynamics, core metals lithium, cobalt, and nickel prices have fallen to multi-year lows. Moreover, Goldman Sachs projects a massive downtrend in cobalt, nickel, and lithium carbonate over the next 12 months.Nevertheless, the long-term outlook for battery stocks remains highly compelling, which makes the current downturn a temporary, manageable setback. Furthermore, according to Inkwood Research, the global battery market is ...