Electric vehicle and battery related investing

Lets discuss on stocks related to EVs and battery

Lucid, rivian, fisker, quantumscape, bloom energy, nio, xpeng, li auto, evgo, etc

REMX Rare earth metals also an approach to the whole EV play

True… lets all discuss ev play stocks

Interesting topic!

Here’s what I found in the recent news:

Robert Koot, a Goldman Sachs analyst says to sell stocks lithium stocks, the stocks namely: Livent and Albemarle, were rated sell from hold.

His price target for both stocks actually went up, however. His Albemarle price target was raised to $205 from $199. His Livent target price was raised to $23 from $22 a share.

But both stocks are trading well above his price targets. Albemarle stock is at $228 in Wednesday morning trading, down about 6.5% after the downgrade, while Livent stock is at $23.50, down about 7.4%.

Kroot said, “The lithium market is quite different from the chemical markets we have analyzed throughout our careers.”

Albemarle is currently trading at around 27 times Koort’s expected 2022 EBITDA, which stands for earnings before interest, taxes, depreciation, and amortisation. Livent is worth around 15 times that amount. The rest of his chemical coverage is trading at around 8 times his expected 2022 EBITDA.

Note that: About 52% of analysts covering Albemarle rate the stock at Buy. The average price target for Livent stock is about $30, and about 42% of analysts who cover it have Buy ratings.

Also here’s another read: EV Maker Polestar Boasts Tesla Beating Range. | Barron’s (barrons.com)