Imagine possessing a battery that charges your devices instantly, and its power never runs out. This idea may seem like a wild possibility, but with today’s technology, such a feat is very achievable. Called the quantum glass or forever battery, a battery with enduring power can help solve all the issues that hold back the widespread use of electricity-powered devices. With such a promising concept still in development, it would be wise for investors to observe the stocks of quantum glass battery manufacturers.
The visionary leader of Tesla, Elon Musk, has excitedly announced that September 22 will be a Battery Day event – the day of a breakthrough with the company’s deep dive into quantum glass battery technology. This interest in quantum battery technology had developed as a result of the company’s efforts to create a million-mile battery.
Although details of the breakthrough remain unknown, the occasion will bring the topic of quantum batteries at the forefront of discussions.
In this article, we will discuss three companies, excluding Tesla, whose stocks could experience an increase in value as their batteries arrive in the market, spiking interest in this technology.
What is a Quantum Glass Battery?
The father of the glass battery is the Nobel prize winner, scientist, and professor at the University of Texas, John Goodenough. He also had a hand in developing wildly successful lithium-ion batteries, ubiquitous in electric vehicles today. However, unlike lithium-ion batteries, glass batteries are solid-state batteries with sodium or lithium electrodes and a glass electrolyte. As a result of its unique construction, glass batteries have longlasting power and can charge to 100% in mere minutes instead of several hours.
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Samsung is commonly known for its high tech smartphones, a sell-out product across the world. However, its battery-making venture is much less widely know. This South Korean tech giant has had its fair share of success with batteries. Presently, it has declared that its solid-state batteries can help a vehicle move a distance of 500 miles on a single charge and can be charged over 1,000 times. Overall, you could say that the battery gives any electric vehicle the ability to move 500,000 miles, surpassing the car’s shelf life!
Although this is an incredible step in the right direction, it may be years until the technology has been perfected for commercial use. Samsung is currently collaborating with Hyundai to expand work on long-range vehicle batteries. This series of actions could make Samsung crucial in the quantum battery development process and hence another company to follow.
Because of the global pandemic has affected all industries, Samsung’s share price fell in March to ? 53,800, although this value still isn’t that low compared to its 52-week high value of ? 62,800. This value is expected to rise because of Samsung’s other essential product offerings, such as mobile phones, semiconductors, televisions, and printers.
Japan’s Panasonic has been around since 1918, which makes it an established and reputable battery-making company. Unfortunately, it has had its fair share of ruts in the road to sustaining its business as the company’s stocks were knocked down from JP¥ 1,748 in 2017 to JP¥ 1,010 today. Despite this setback, the company is gearing to revolutionize the battery and electric vehicle industry by slowly working its way to the top.
To achieve its goals, the company entered a three-year-long deal with Tesla to produce and provide 2170 lithium-ion battery cells to Tesla’s Gigafactory based in Nevada. The contract will expire on March 31, 2023, although Panasonic is hoping to continue this beneficial partnership with Tesla. Moreover, the two companies are already in talks to increase the production capacity of batteries and power trains at the Nevada plant.
Consequently, their partnership has proved very fruitful for Panasonic, whose share value surged by 3.37% once details of the deal were announced. Soon after, the number of Panasonic shareholders on the Robinhood trading platform grew more than twofold in less than 24 hours.
Furthermore, the deal with Tesla wasn’t the only one Panasonic has made. It has also reached out to Toyota, and the two are now working together to create electric vehicle batteries with 50 times the capacity of those in Toyota’s hybrid cars. Even Mazda, Subaru, and Honda have formalized deals to use Panasonic batteries for their new EVs. As of now, Panasonic stock has three “buy” ratings, 11 “hold” ratings, and one “sell” rating.
Albemarle is the largest global lithium mining corporation and produces 21% of the world’s lithium through brine recovery and chemical processing plants in Chile and Nevada. Lithium is the primary constituent of the popular lithium-ion battery used to power electric vehicles. It may even be required for glass batteries. Because of this demand for lithium to make batteries, prices will increase, and so will Albemarle’s profits. Consequently, its stock value will follow suit.
Albemarle’s price to earnings ratio stands at 17, while its stocks are relatively affordable. Despite this, potential shareholders should remember that stock values vary incredibly from one point of time to another as Albermarle’s stock value jumped from its lowest at $42 to its highest at $140.78. At the beginning of March, it reached another new low amount of $52.70 but is now trading at $87.
If you hold onto Albemarle’s stocks, you might be in for a pleasant surprise as the company has forecasted a 25% increase in Lithium demand per year until 2030. That is because automakers are slowly trending towards entirely electric vehicles. Moreover, the company will be paying shareholders a dividend of 39 cents per share, annualized to a total of $1.54 starting October 1st. Over the past 16 years, Albemarle’s dividends have increased massively by 635%. As of now, Albemarle’s stock has five “buy,” 12 “hold,” and three “sell” ratings.
Hopefully, this article has given you perspective about the prominent players in the promising field of quantum glass batteries and how their stock prices are expected to rise. Don’t forget to research more than carefully choose which company you would like to become a shareholder. Happy investing!