Lithium is an essential natural resource used in the technology industry and for several emerging applications. It is most notably used for the high-efficiency batteries found in smartphones, laptop computers, electric vehicles, and solar storage arrays. Lithium Americas Corp. (NYSE: LAC) is one of the top lithium stock picks today, and with a bargain price, it’s one of the best options for alternative investors.
Lithium Americas Corp. is based in Vancouver, Canada, and is the operator of the Thacker Pass and Caucharí-Olaroz projects. Both are high-potential lithium projects that will help to drive revenue for the company in the years to come. Earnings are expected to grow by more than 40% over the next year, which will help to drive mainstream interest in this stock. Although a bargain today, it is expected that this pick could hit prices as high as $17 in the coming months. Investors who buy at today’s price stand to profit from a high potential upside.
The expected earnings growth, increased worldwide demand for lithium, and low price of entry on this pick make it an ideal option for any investor focused on clean energy and alternative metals. With many alternative energy stocks leaving the bargain price range, it’s worth getting in on this one while it is close to $10.
- 1 Year Price Growth: 03%
- YTD Price Growth: 03%
- 3 Month Price Growth: 35%
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.