Piedmont Lithium (PLL)

by | Sep 7, 2021 | Daily Trade Alerts

On August 31, we highlighted an opportunity in Lithium Americas (LAC) around $19.56. Today, it’s up to $25.47, and could push higher on soaring lithium demand.

By September 3, we also highlighted opportunity in lithium stock, Livent (LTHM), watching it run from $25 to $25.50 as of this morning. Both are still solid opportunities, with lithium demand showing no signs of slowing down.

If you want even more exposure to the lithium boom, take a look at Piedmont Lithium (PLL), which last traded at $60 a share. Over the last few weeks, DA Davidson analyst Matt Summerville initiated coverage with a buy rating and an $85 price target.

As noted by TheFly.com, “The company is set to emerge as the U.S’s only fully integrated, domestic producer of SC6 and LiOH via its hard rock spodumene ore-to-LiOH operation in North Carolina, with an expected commissioning slated for late 2023, the analyst tells investors in a research note. Summerville adds that the significant growth in EV adoption and evolution in battery chemistries, along with the potential supply deficits, should yield higher realized pricing and significant operating leverage for Piedmont.”

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