Albemarle has a decade of positive earnings growth under its belt. That. This is a massive amount of growth from the $4 billion it was worth in 2020. That is likely to continue through 2022, but 2023 could be a different story. Looking into the top lithium stocks before that rise could help you see some huge returns. Its flagship project is the Hombre Muerto North Project in Argentina, one of the worlds most significant undeveloped lithium resources. Copy and paste multiple symbols separated by spaces. Well, it depends on when youre reading this article, but those who are up to date with lithium stock prices know about the current dip in the market. The stock has ranged between $20 and $40 since late 2021. Lithium is an expensive material to get your hands on, and that demand is only going to rise again as EVs are being released to the market. Albemarle operates the only active lithium mine in the U.S., located in Silver Peak, Nevada. It has a portfolio of lithium projects in North America. To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Rates Investing Products. This partnership should greatly expand the reach of both companies in the mining industry. Your financial situation is unique and the products and services we review may not be right for your circumstances. JPMorgan maintained a buy rating on the stock and a $42 price target, which would be 68% higher than current levels. Webull is a great alternative if youre not sold on Robinhood. Tianqi Lithium, one of the largest producers of lithium globally, is located in China and happens to be one of the most reliable names in the mass-produced lithium-ion battery space. Its down 11% over the last year and 26% off the 52-week high, near the middle of the long-term range. Overall, the company is well-positioned to capitalize on this growth and has a strong management team with a proven track record of success. This includes its purpose-built, single-seat EV, named the SOLO. It is a three-wheeled vehicle that the company states could completely revolutionize the EV market. For some context, United States Antimony is a vertically integrated natural resource company that produces precious metals, zeolite, antimony, and specifically lithium. Additionally, there is the possibility of a multi-year relationship with GM. And the outperformance is expected to continue as electric vehicles really takeoff in coming years. Stick around for our picks of the best lithium penny stocks to watch out for in March 2023. Another decision is whether you want to invest in companies focused on the production of lithium itself, like lithium mining stocks, or companies that process lithium or manufacture products, like lithium battery makers and lithium recycling stocks. For example, if the price has gone down due to a temporary oversupply situation thats something that will rise in due time. With this, Livent anticipates achieving a robust 15,000 tonnes of production from its Chinese operations by late 2023 and a 30-year mine life from its flagship mine in Quebec by 2026. Charlotte, North Carolina-based Albemarle is the worlds largest provider of lithium for electric vehicle batteries. Lithium startups are early-stage companies, still working on producing their mines and products. And, that same report shows that the lithium-ion battery market could be worth more than $46 billion by the year 2026. From the outside, it might look like lithium stocks are on the decline and are a poor investment, but that would be assuming theyre not going to rise in the future. The important thing for investors to know is that the shares trade on the New York Stock Exchange and are available for purchase. Albemarle also continues to invest heavily in growth and expansion, with the companys lithium capacity forecast to rise more than 70% this year. Copyright The stock jumped 10% in a single day in mid-February after JPMorgan Chase issued a bullish report on the company, saying Lithium Americas should benefit in the near-term from getting final permits to begin production of lithium at its mine in Thacker Pass, Nevada. However, a lot depends on whether or not it can supply its mined resources promptly. Albemarle is the biggest company on the list and the worlds largest lithium producer. if you want to make the most of your investment money. Article printed from InvestorPlace Media, https://investorplace.com/2022/03/3-lithium-stocks-to-buy-for-march-2022-lit-sqm-alb-lac/. Albemarle(NYSE:ALB) is certainly a great betting opportunity for investors looking to capitalize on the lithium-based EV revolution. With its utility across multiple industries, demand for lithium has surged, and companies worldwide are working hard to ensure ample supplies. Westwater Resources is well-positioned to capitalize on the growth in the lithium and uranium markets. That strong growth is pushing higher stocks of lithium producers. This year should mark four years of growth in both categories. Lithium Corporation is still in its early stages, with plenty of room to grow, so it might be a while before investors see any significant returns. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University. Low trading fees, commission-free trading, and low trading options make the platform appealing to beginners and veterans alike. The company pays a dividend thats currently yielding 7.6%. By 2030, EVs will make up a third of new cars sold. None of the stocks on our list have been able to sustain EPS and sales growth for more than five years. Theres also demand for lithium in medicine (treatment of certain disorders) and the production of glass and ceramics. Lithium Corporation acquires, explores, and develops mineral properties. Lithium demand is steadily growing as we shift to more sustainable and clean energy sources and electric cars. Therefore, Tesla has partnered with multiple different companies to meet their lithium needs, such as: Ganfeng is the largest lithium producer in the world today. This compensation comes from two main sources. Please note that the stocks above were selected by an experienced financial analyst, but they may not be right for your portfolio. With lithium stocks, its important to consider the current and future trajectory that a company may take. LoansUnder36 Reviews: Is It The Right Choice In 2022? The leadership group has been creating and managing renewable energy projects at the Salton Sea. Youre not directly investing in lithium; youre investing in the shares of companies involved in lithium mining. Because lithium demand is growing, stock prices could follow suit. It has invested across the entire spectrum of lithium and battery tech companies, from industry leaders such as Albemarle, Samsung, and Panasonic. These best lithium stocks represent the industrys finest. DOUG 0.70% 4.25. Type a symbol or company name. If youre planning to sell your shares as soon as youre happy with their value or due to a dip in the market youll need to monitor the market regularly. The Best Penny Stock to Buy Today: Gains of 200%+. The stock is up 60% over the last year and is 15% below its 52-week high. Founded in 1968, United States Antimony Corporation doesnt produce lithium salts but antimony. Growth rates are expected to be similar for 2022. By April, they expect to have a finished product ready for shipping. The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT), with 42 lithium-related stocks in its portfolio, is up more than 20% in the last 12 months, compared with a 9.7% gain in the S&P 500 index . Then there are also lithium recycling stocks to invest in. The Federal Reserve has raised interest rates significantly, which has contributed to the overall declines in the stock market as a whole. Lithium Americas Corporation (LAC) - NYSE, Alternatively, if you dont want to invest in. And the growth of the EV sector is powering demand for lithium, a key ingredient in electric vehicle batteries. Much of this years share appreciation has been due to earnings outperformance on the part of SQM. quotes delayed at least 15 minutes, all others at least 20 minutes. The reason for that; batteries. If youre looking for something new to invest in, then you might be interested in lithium stocks. For manufacturers, price and demand for lithium goods are important, but so is the quality of their products. But looking back further, the share price has fallen 80% since Kodal listed in 2013. When choosing what lithium company to invest in, you should consider your buying power. Morningstar gives ALB a financial health grade of B. It currently is working on U.S. lithium mining projects in North Carolina and Tennessee, as well as abroad in Canada and Ghana. This lithium share has gone from a tiny mineral explorer, trading at 21 cents a year ago; to a beastly $7.87 per share miner . If you dont know how to buy shares online, then youll want to sign up for a trading platform. Such promising results have brought investors and those in the global market looking for a lithium upsurge. But what companies should be on your radar? Analysts are extremely bullish on Lithium Americas(NYSE:LAC) and are supported by the companys Thacker Pass mine in Nevada, solidifying its status as one of the worlds top lithium producers. The pros also liked that SQM forecast that demand for its lithium is likely to grow 30% in 2022. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Benzinga, and others. Earnings per share (EPS) in 2021 tripled from 2020 to $2.05 per diluted share. In its business operations, Aqua Metals provides equipment, supplies, services, and licensing for its AquaRefining technology around the world. With Titan, you can invest in actively-managed stock and crypto portfolios, as well as in alternative asset classes like Real Estate, Private Credit, and Venture Capital. 1125 N. Charles St, Baltimore, MD 21201. Like most batteries, lithium batteries reach the end of their lifespan at some point. With lithium a key material used in EV batteries, shares in this small basic materials company have soared from around $1 per share, up to around $2 per share. Lithium Corporation is well-positioned to capitalize on the growing demand for lithium. And so far, research and testing have provided favorable results, including successfully producing battery-quality lithium hydroxide monohydrate using Frontiers solution. We include LAC on this listing as the company is currently developing the largest known lithium deposit in the U.S., at its Thacker Pass mine. Therefore, we may run out of lithium over the next few decades. Are you sure you want to rest your choices? Should demand for EVs and other electronic goods continue to grow, it should mean good things for lithium stocks, even if they go down from time to time. ALB is truly leading the way in the lithium sales field, producing remarkable results in recent quarters. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers. Additionally, the current oversupply causing the stocks to decrease in value will eventually die down. With the growing popularity of electric vehicles (EVs) and the development of new technology that uses lithium rechargeable batteries, no wonder so many people are looking to invest their money. All Rights Reserved. Based on the companys earnings performance this year so far, it should top 100% year-over-year EPS growth in 2022. You cannot trade OTC stocks in Robinhood, as only stocks listed on NASDAQ and NYSE are available. It offers digital audio/video recording items, storage . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Joel Baglole has been a business journalist for 20 years. These prices fluctuate daily, though, so this could change at any time. After many lithium stocks reached record highs in late 2021, the sector hit a bit of a roadblock in 2022 and many stocks are well off their highs. If you want to buy this one, you'll have to go through an intermediary. With Teslas popularity rising, the demand for their vehicles grows more and more, requiring a lot more lithium just to keep up. Lithium demand is steadily growing as we shift to more sustainable and clean energy sources and electric cars. Analysts expect average annualized EPS growth of 77.2% over the next five years. At its current price of $176.83, Albemarles stock has increased 72% over the past five years, with more gains likely as demand for lithium accelerates. But what companies should be on your radar? When completed, the facility could produce more than 20,000 SOLOs per year. All rights reserved. Additionally, it announced that it invested roughly $1.5 million into LiNiCo, a lithium-ion battery recycling innovator. LAC stock currently trades at $15.06 as of 1:23 p.m. While it isnt necessarily a pure-play lithium stock, it is in the lithium industry by way of its electric vehicles. In the midst of a broad market downturn, SQM stock is up 54% year-to-date at $78 a share, making it a top performer across any sector. Well, at first, it was Tesla leading with stylish and appealing EVs, but its no longer the only company with that focus in mind. They have been gaining more and more attention as a result the rapid growth of green energy sources. legal advice. Its pricier than mining the materials to create new batteries so its not cost-effective. Lithium penny stocks could be an interesting choice to play the EV and tech markets; heres 3 to watch, These Biotech Stocks Have Rallied This Week; Can They Head Higher? Learn why you should consider Canadian lithium stocks over Chinese lithium stocks. Morningstar rates SQMs financial health a B, indicating its a sound investment. Morningstar looks at factors, such as financial leverage, balance sheet health and cash flow statements to develop its financial health grade. Ultralifes lithium batteries are used in various applications, including military and aerospace, medical devices, and consumer electronics. For this reason, investing in lithium penny stocks can be worth it. How To Refinance A Car In Someone Elses Name? When it comes to penny stocks, its important for investors to find opportunities in a diverse range of industries. How Do Banks Verify Income For Auto Loans? While many EVs are aimed at speed or long-distance driving, not many are built on the idea of the short-term commuter. While its not easy to retrieve the materials from the battery once its lifespan has ended, there are still methods of recycling these batteries for future usage. Most significantly, we are in advanced discussions with several strong candidates to license and implement our proprietary, hydrometallurgical, clean AquaRefining lead recycling technology. Its no surprise that producers are scurrying to identify viable resources to meet these enormous production needs. The company is also exploring graphite, which offers long-term solidgrowth potential. The top of the listing includes companies with reported revenue and earnings, while the three final stocks on the list are companies that are closing in on profitability and sales growth. Amid rising popularity of EVs, the demand for lithium is likely to skyrocket . Which is to say that energy is quickly becoming the main usage of lithium as a whole, while other useslike construction . The companys experienced management team and extensive lithium exploration and development experience make it an attractive candidate for investors. , you should consider your buying power. Source: Postmodern Studio / Shutterstock.com, option for investors looking to invest in the growing lithium trend but wanting. Create your Watchlist to save your favorite quotes on Nasdaq.com. As a result, Frontier could become one of the leaders in EV production, especially in North America. We'd love to hear from you, please enter your comments. It also supports our current "cloud" based energy system compiled from multiple energy sources. The companys most recent earnings missed analyst expectations, although Wall Street did like that Albemarle guided for revenue of between $4.2 billion and $4.5 billion this year, which would represent 27% growth over 2021. Undervalued Lithium Stocks: Piedmont Lithium (PLL) As growth in the EV market triggers demand for lithium, PLL stock has surged by 627% in the last six months. Now is likely to be one of the most opportune times for investment in this particular sector, so be sure to take a closer look at ALB. Also, even the top lithium stocks can see drops in share price. All of these might be highly beneficial for CTR's stock price. On top of that, there is a global supply shortage of the metal. Sociedad Qumica y Minera de Chileusually referred to simply as SQMis based in Chile. There are many available stock markets and exchanges for you to access, depending on where youre based, such as: The choice is yours, but learn more about each of them before investing. And what is the difference between lithium supplier stocks and lithium mine stocks? Sigma Lithium is pursuing environmentally sustainable lithium production, intending to reach net-zero emissions by 2024. Currently, there are plenty of lithium stocks that could explode anytime due to their high demand. EPS in 2022 is expected to be up 428.2% year over year. If youre looking for a good lithium penny stock to invest in, Ultralife Corporation (NASDAQ: ULBI) is definitely worth considering. Livents sales have grown by 55% over the last 12 months, and the company is experiencing triple-digit EPS growth compared with last year. While shares of UAMY are down by around 6% today, this is a minor correction occurring around the lithium market. We have had a very good start to 2021 and have taken several positive steps forward in the evolution of Aqua Metals. Lithium Americas is quickly taking advantage of the exciting U.S. lithium opportunity, focusing on the Thacker Pass site in particular. Ganfeng Lithium Group is Chinas largest lithium metal producer. The important thing for investors to know is that the shares trade on the New York Stock Exchange and are available for purchase. The pros also liked that SQM forecast that demand for its lithium is likely to grow 30% in 2022. This healthy revenue outlook has analysts predicting a substantial price appreciation for Livents stock within the period, making it an ideal stock for investors looking for short-term gains as well as long-term returns. Lithium Chile is one of the best-positioned companies for the rapidly increasing lithium demand. While LAC is up 175% over the past five years, its down 18% year to date and 36% below its all-time high. Some might restrict Chinese lithium stock trading; others might not have the top lithium mining stocks youre interested in. At its current price of $176.83, Albemarles stock has increased 72% over the past five years, with more gains likely as demand for lithium accelerates. In its fourth-quarter and full-year 2020 results announced in March, the company stated that it is working on making its new factory fully functioning. RIG 8.16% 5.30. While the company has reported negative EPS and negligible for more than 10 years, analysts are projecting positive EPS of $1.01 per share in 2023 and an estimated $307 million in sales. Finance as of Nov. 7, 2022. Energy stocks related to lithium continue to be popular, and this is an example of an extraction supplier at the beginning of the production chain. Muslim Farooque is a keen investor and an optimist at heart. Of course, there can only be so much lithium on the planet, and were using it at an incredible rate. How To Withdraw From Crypto.com To A Bank Account? So not only will the demand increase, but its scarcity will naturally make the value rise. Nasdaq Commissions do not affect our editors' opinions or evaluations. Those are the companies worth investing in. What Is the Best EV Stock to Buy Now? Stocks arent always accessible to those with less investing capital, which can be a problem. Investors should keep an eye on E3 Metals as it could be one of the top lithium penny stocks to invest in for 2022. The Authier lithium project will allow Sayona to become a near term lithium producer, but what makes Sayona even more attractive are the unexplored assets they have in Australia. When choosing lithium stocks, one decision is whether you want to invest in lithium startups or more established companies. The demand for batteries is the main factor set to increase, unlike lithium itself, which can be used for several different applications. Past performance is not indicative of future results. The Best Lithium Penny Stocks to Buy Right Now. In the midst of a broad market downturn, SQM stock is up 54% year-to-date at $78 a share, making it a top performer across any sector. ET on Thursday and has been up by over 350% in the last. It has generated no sales and negative EPS for the last five years. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Sociedad Qumica y Minera de Chile is a mouthful, so well just call it SQM. Currently, Perpetua Resources is working on permitting a very large antimony and gold resource based in Idaho at its Stibnite Gold Project. youre interested in. Heres what you need to know about buying penny stocks on July 19th, Use these tips for setting penny stocks investing expectations. In this region, EV sales could achieve a compound annual growth rate (CAGR) of over 35% from 2021 to 2028. EVs are here to stay, and more and more companies are growing their demand for lithium. Are these penny stocks worth watching with the stock market down today? Gran Tierra uses its technology to harvest resources safely and responsibly through three locations in these two countries. That being said, just because the industry could see growth doesnt mean that every lithium stock will be a winner. It is; if you know where best to invest it. Copyright Despite the current downturn in LIT stock, the company seems to be reliably positioning itself for potential recovery. Sign up below to get this incredible offer!