3 Battery Stocks to Buy and Hold for the Rest of the Decade

Group 1: Industry Overview - Artificial intelligence (AI) is driving significant changes in energy and transportation sectors, necessitating advancements in battery technology [1] - The global battery market is projected to reach a value of $329.84 billion by 2030, with a compound annual growth rate (CAGR) of 16.4% from 2025 to 2030 [1] Group 2: Company Insights - Honeywell - Honeywell International Inc. is a large-cap conglomerate involved in sustainable energy solutions, including lithium-ion batteries, with a current stock price of $217.01 and a 12-month price forecast of $254.00, indicating a 17.05% upside [3] - The company supplies batteries and energy systems to critical sectors such as aerospace, defense, and industrial markets, which will increasingly depend on electrification and longer-lasting power sources over the next decade [4] - Honeywell is spinning off its advanced materials business, which includes battery solutions, into a separate entity, expected to generate revenue between $3.7 billion and $3.9 billion this fiscal year with an EBITDA margin exceeding 25% [5][6] Group 3: Company Insights - EnerSys - EnerSys is a mid-cap company providing exposure to the buildout of AI infrastructure, with a current stock price of $98.52 and a 12-month price forecast of $118.33, representing a 20.11% upside [7][8] - The company is expanding its product portfolio to include next-generation technologies aimed at enhancing energy density, charging speed, and environmental sustainability, with its stock up 3.8% in 2025 [9] - EnerSys reported a double beat in its first quarter FY2026 earnings report, contributing to a more than 4% increase in stock price [9][10] Group 4: Company Insights - Joby Aviation - Joby Aviation is focused on manufacturing electric vertical take-off and landing vehicles (eVTOLs) and is expected to be a significant customer for battery companies, with a current stock price of $18.02 and a 12-month price forecast of $10.50, indicating a -41.73% downside [11] - The company recently acquired the passenger mobility business of Blade Mobility Inc., allowing it to leapfrog logistical development by acquiring a complete ecosystem [12] - Despite the potential of the eVTOL market, Joby Aviation is currently unprofitable and generating minimal revenue, facing substantial obstacles beyond FAA approval [12][13]