Electric vehicles currently make up about 5% of new car sales in the United States. While they have received a lot of attention in the last several years, there is still a long way to go before American roads are dominated by electric vehicles. Tesla has gotten an early lead over established automakers with their Model S, Model 3, and Cybertruck, but the market is still anyone’s game. Ford has had an impressive showing with its F-150 Lightning and Mustang Mach-E. Rivian has produced some head-turning trucks. General Motors is finally starting to gain some ground. Yet, it’s just too early to tell which automakers will dominate roadways 20 years from now.
Fortunately, there is a way to bet on the electric vehicle mega-trend without having to pick winners. There is a major component that makes up a substantial portion of the weight of every E.V. on the road—lithium-ion batteries. A typical Tesla Model S contains than 1,200 pounds of lithium-ion batteries. The F-150 lightning has 1,800 pounds of batteries. Given that electric vehicles require a substantial amount of lithium to operate, betting on companies involved in the mining and processing of lithium seems like an obvious play.
There are currently more than 200 public companies vying to dominate the lithium trade. Many of these companies are smaller producers or international firms that trade on the over-the-counter exchange, or on international exchanges such as the Australian Stock Exchange or the TSX Venture Exchange in Canada. This can make it difficult to wade through them and find the lithium companies that have the best chance to see rapid growth and future success.
Thankfully, Wall Street's brightest minds have already done the work for us. Every year, analysts issue approximately 8,000 distinct recommendations for energy production companies. Analysts don't always get their "buy" ratings right, but it's worth taking a hard look when several analysts from different brokerages and research firms are giving "strong buy" and "buy" ratings to the same lithium stock.
We've created a report that details the 10 lithium companies that Wall Street's top-rated equities research analysts are telling their clients to buy. If you’re looking to make a bit in the lithium industry anytime in the next few months, chances are the company that you should buy is on the list.
Click the "
Continue to Slide #1" button view the top-rated company.
