The Top 3 Lithium Stocks Every Investor Should Consider

by | May 19, 2022 | Stocks to Watch

Lithium stocks have been standout winners in a crazed market.

In fact, over the last few days, Livent Corp. (LTHM) ran from about $22 to $28.64. All after posting solid earnings, and providing a massive guidance hike.

Q1 2022 revenues were up 56% year over year to $143.5 million. GAAP net income jumped from negative $800,000 to $53.2 million. Adjusted net income soared more than 1,000% to $40 million. GAAP EPS jumped from a loss of a penny to a gain of 28 cents. Adjusted EPS was up 950% to 21 cents from two cents year over year.

Guidance sent the stock even higher.

It now expects to see 2022 revenue of $755 million to $835 million from prior guidance of $540 million to $600 million. 2022 adjusted EBITDA is now expected to fall in a range of $290 million to $350 million from prior guidance of $160 million to $200 million.

Or, look at Albemarle (ALB), which ran from $190 to about $237 a share.

ALB saw EPS of $2.38 on $1.1 billion in sales. The Street was only looking for $1.64 on $1 billion in sales. A year earlier, the company saw EPS of $1.10 on $829 million in sales. “Full-year sales are expected to be about $5.4 billion, and earnings before interest, taxes, depreciation and amortization—or Ebitda—is expected to be about $1.85 billion,” says Barron’s.

Even Lithium Americas (LAC) jumped from about $20 to $25.30 – and could see further upside.

Especially as it advances its Thacker Pass mine.

“The Company continues to advance a feasibility study for Thacker Pass with targeted capacity of 40,000 tpa LCE and incorporating a second phase expansion to reach a targeted total capacity of 80,000 tpa LCE. Results of the feasibility study are expected in the second half of 2022,” as noted in a company press release.

Plus, with EV demand only accelerating, we expect to see even more lithium demand, and higher highs in related stocks.

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