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Lithium Americas Corp. (LAC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
9.74-0.27 (-2.70%)
At close: 04:00PM EDT
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    Albemarle Stock Is Jumping After Upgrade. Lithium Pricing Is Bottoming.

    BofA Securities analyst Steve Byrne upgraded shares of Albemarle to Buy from Hold on Wednesday. Albemarle stock was down 1.1% in midday trading, at $127.71, while the and were both down about 1.1%. Rapid capacity expansion combined with slowing EV demand growth has hammered benchmark prices.

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    The electric vehicle industry is going through challenging times. The concerns for the industry include competition and macroeconomic headwinds. As a result, global automakers are scaling back on their EV investment plans. From a price action perspective, EV stocks have trended lower and there are multiple undervalued stories. In my view, it’s a good time to buy for investors with a long-term horizon. This column specifically focuses on undervalued battery stocks to buy before the next rally. Th

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