But the stock never got going. And then just when investors started to recognized the potential to be had from lithium, the novel coronavirus wreaked havoc on supply chains.
This affected the company’s top and bottom lines in 2020. But if you’re going to invest in lithium, you’ve got to be playing the long game. The company generates approximately 61% of its revenue from lithium carbonate, lithium hydroxide and lithium chloride which are used in the EV market. And the company has a supply agreement with Tesla that runs through 2021.
And recently, investors in LTHM stock have been nicely rewarded. The stock recently reached its all-time high at $23.99 and although it’s had a pull back, the stock is still trading above IPO levels. The company is pledging to be carbon neutral by 2040.
About Livent
Livent Corporation manufactures and sells performance lithium based batteries, specialty polymer, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries. READ MORE
Current Price: $19.43
Consensus Rating: Hold
Ratings Breakdown: 2 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $14.44 (25.7% Downside)
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
Recent LTHM News
- Arcadium Lithium Announces Date for Fourth Quarter 2023 Earnings Release and Webcast Conference Call • PR Newswire (US) • 01/23/2024 10:00:00 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 01/22/2024 12:20:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 09:10:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 09:07:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 09:03:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/08/2024 09:00:49 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 01/04/2024 09:11:03 PM
- Form POSASR - Post-effective Amendment to an automatic shelf registration statement • Edgar (US Regulatory) • 01/04/2024 09:08:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 02:10:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 10:24:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 09:07:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/27/2023 09:06:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 10:22:52 PM
- Livent Set to Join S&P MidCap 400; NCR Voyix and Rush Enterprises to Join S&P SmallCap 600 • PR Newswire (US) • 12/19/2023 10:49:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 10:21:46 PM
- Livent and Allkem Shareholders Approve Merger of Equals • PR Newswire (US) • 12/19/2023 08:55:00 PM
- Google $700M Antitrust Settlement, TSMC Chairman Retirement, Tesla Nevada Wage Hike, and More • IH Market News • 12/19/2023 11:10:01 AM
- LIVENT INVESTS IN ILiAD TECHNOLOGIES TO STRENGTHEN LEADERSHIP IN DIRECT LITHIUM EXTRACTION PRODUCTION PROCESSES • PR Newswire (US) • 12/14/2023 11:47:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/13/2023 01:41:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 01:07:16 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/11/2023 10:26:56 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM