Livent Corp. (NASDAQ: LTHM) is an American mining company that produces performance lithium compounds, including battery-grade lithium for the automotive and electronics industries. With electric vehicles gaining traction in global markets, and an increased push for efficient solar energy storage, this company is well-positioned to grow in the coming years.
This stock is currently a bargain, trading at just under $12. It has grown significantly throughout this year, despite volatility and uncertainty in the wider market. The confidence in this stock reflects its popularity as an alternative investment for clean energy.
Analysts predict that Livent’s sales will grow at a rate close to 15% per year between now and 2023. Earnings per share are expected to grow at an average annual growth rate close to 80% during the same period. Investors looking for a low price-point on a stock linked to solar and electric vehicles can consider this one of the best options in the final quarter of 2020.
- 1 Year Price Growth: 05%
- YTD Price Growth: 57%
- 3 Month Price Growth: 01%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.