As PLL is expected to be able to in 2023 start production the company has a long runway to benefit from this market growth and demand. The overall lithium market is expected to see an impressive 13.5% CAGR between 2023 - 2028. The demand for EV vehicles helped spark the rise in price for lithium, something that benefits the long-term outlook for PLL as they will be supplying this eventually. The trend seems to remain strong though and there is an uptrend as more and more companies want to become sustainable and have EV fleets. But the demand seems to outweigh the supply which caused a massive rise in the price in both 20. Lithium has been in the mouth of many investors in the last few years as it has become an important commodity for the EV industry as it's a necessary part of creating vehicles. I think the estimates for PLL are great and I am sure they will have incredible growth in the coming few years, but I am worried to invest before I see a positive net margin, therefore I will be rating them a hold for now. I think PLL is an exciting opportunity in the lithium space, but it's hard to go with over more established companies that have successfully reached profitability already. Here the company has high exactions of the location, anticipating around $459 million in EBITDA in their presentation. The company has acquired 3,250 acres of land in the northwest of Charlotte, North Carolina. Piedmont Lithium has the potential to become a significant provider of lithium to the EV industry, making them an important player in the growing market for sustainable transportation. This mining company is headquartered in North Carolina and primarily focuses on exploring and developing lithium deposits in the area. Piedmont Lithium Inc ( NASDAQ: PLL) is a company in the lithium space, a crucial commodity used in making rechargeable batteries for electric vehicles (EVs).
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