These lithium stocks have potential in the market
The lithium stock sector has seen an immense amount of growth in the last year. When investing in mining stocks, there are many that just will focus on gold and silver trading. But the problem here is that investors are missing out on one of the largest growing mining stock markets in doing so. Lithium is a material that is mined for and used in a variety of places. For example, the electric vehicle sector. Electric vehicles use electric batteries which are generally lithium ion batteries.
As you know, the EV sector has grown massively in the last decade. A lot of this can be attributed to Tesla, which has distributed the most electric vehicles to date. It has been made clear that this is an automotive trend that is not going away any time soon. As a result of the growing electric vehicle market, lithium stocks have been steadily inclining for a while now. Some of these companies gained most of their value in the few years. This has caused more and more investors to flock to the rare mineral that is used in batteries. Tech stocks have also been rapidly increasing in popularity recently.
Lots of technology products use lithium-ion batteries as well, not just electric vehicles. E Some think that the uphill climb of lithium stocks has already passed and it is too late. But this seems to be far from the truth. This mineral is being used more and more as technology advances.
Top Lithium Stocks To Watch
- Lithium Americas Corp. (NYSE: LAC)
- Albemarle Corporation (NYSE: ALB)
- Blink Charging Co. (NASDAQ: BLNK)
Lithium Americas Corp. (NYSE: LAC)
Lithium Americas Corp. is a mining stock that just increased significantly in the market. This is a company that explores for lithium deposits. The company holds interest in the Cauchari-Olaroz Project, Thacker Pass project, and more.
On August 5th, the company reported its second quarter results for 2021. The company’s expenses, net loss, and loss per share all grew year over year. While this seems bad on the surface, LAC stock is often still performing well in the market. The higher net loss is attributable to higher Thacker Pass expenditures and a $4.7 million loss on the JEMSE transaction. The company’s cash and cash equivalents have massively gone up in 2021, from $148.1 million to $505.2 million. Will LAC enter your list of lithium stocks to watch?
Albemarle Corporation (NYSE: ALB)
Ablemarle Corporation is a lithium stock that is going up in the market right now. This is a company that develops, manufactures, and markets engineered specialty chemicals. Its Lithium segment sells lithium compounds like lithium carbonate, lithium, hydroxide, and more. These products are used EV batteries and a variety of other electronics.
On August 4th, the company reported its second-quarter results for 2021. Its adjusted diluted EPS of $0.89 was up 4% in the quarter. Its net sales increased 1% to $773.9 million during the quarter as well. Albemarle’s adjusted EBITDA grew by 5% in the second quarter of 2021 as well.
CEO Kent Masters said, “We are focused on executing our accelerated growth strategy. We are in the final stages of two lithium projects which are expected to double our nameplate capacity to about 175,000 metric tons, including La Negra III/IV where construction is complete and commissioning is progressing.” Keeping this new info in mind, is ALB stock a contender for your September watchlist?
Blink Charging Co. is a lithium stock that just went up more than 1.5% in the market. The company owns, operates, and provides electric vehicle charging equipment. The company also offers EV charging services in the US. Blink’s equipment is used both residentially and commercially. As of the end of 2020, Blink Charging had 16,617 electric vehicle charging stations across the United States.
On September 13th to 15th, the company will be presenting at the H.C. Wainwright 23rd Annual Global Investment Conference. The company recently announced that it has installed EV charging points all over Michigan as well. The company’s deployments have been funded in part by a grant from the Michigan Department of Environment, Great Lakes, and Energy.
President Brendan Jones said, “With the new IQ 200 100-amp chargers, Traverse City residents and visitors can have confidence that the city’s infrastructure is well-positioned to meet their charging needs today and to serve the EVs of tomorrow without requiring future upgrades as EV technology changes.” LAC stock is up 1.57% in the market at the moment. With this in mind, will it make your list of lithium stocks to watch?
Top Lithium Stocks To Buy?
Nobody knows what direction lithium stocks could move in the future. With the pandemic and inflation fears in the way, the market for lithium stocks is rather volatile at the moment. So which companies will make your lithium stock watchlist?
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