에 대한 최신 뉴스 Piedmont Lithium (NASDAQ:PLL) 주식

Piedmont Lithium

Pall

Pall Corporation

NYSE

Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.

Commodities

AAUKF

GLDG

2024년 5월 17일 주요 뉴스: 1. BHP(NYSE:BHP) 주주들은 규제 기한이 점점 다가오고 있는 가운데 앵글로 아메리칸(OTC:AAUKF)에 대한 최후의 인수 입찰을 기대하고 있다. 

금요일 주요 광업 뉴스: BHP의 앵글로 인수 입찰, 맥이웬, 골드마이닝, 피드몬트 리튬

UAMY

2024년 5월 15일 주요 뉴스: U.S. 안티모니: U.S. 안티모니(Antimony) (AMEX:UAMY)는 판매 비용 증가 감소로 인해 매출이 28% 증가한 283만 달러, 총 이익이 108% 증가한 1분기 결과를 보고했다. 

수요일 주요 광업 뉴스: U.S. 안티모니, 피드몬트 리튬, 페로글로브, 솔리타리오 리소스

METC

RGLD

2024년 5월 9일 주요 뉴스: 피드몬트 리튬(NASDAQ:PLL)은 69%의 기록적인 리튬 회수율을 달성한 노스 아메리칸 리튬(North American Lithium)에서 40,439드라이 메트릭톤(dmt)의 기록적인 생산량을 기록하며 1분기 실적을 보고했다. 

목요일 주요 광업 뉴스: 피드몬트 리튬, 라마코 리소스, 로얄 골드, 트레데거

Piedmont Lithium Inc

GEMFIELDS GROUP LTD by Gemfields Group Ltd.

Gemfields Group Ltd

Pirelli & C SpA

PLATA LATINA MINERALS CRP by Plata Latina Minerals Corp

Plata Latina Minerals Corp

Piedmont Lithium Inc Chess Depository Interest

PALLADON VENTURES LTD NEW by Palladon Ventures Ltd.

Palladon Ventures Ltd

POLAREAN IMAGING LTD by Polarean Imaging Ltd.

Polarean Imaging PLC

Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) reported quarterly losses of $(0.42) per share which beat the analyst consensus estimate of $(0.58) by 27.59 percent. This is a 147.73 percent decrease over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $27.700 million which missed the analyst consensus estimate of $28.189 million by 1.74 percent. This is a 41.22 percent decrease over sales of $47.127 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

Piedmont Lithium Q3 2024 Adj. EPS $(0.42) Beats $(0.58) Estimate, Sales $27.700M Miss $28.189M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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The Beachbody Company, Inc. Class A Common Stock

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Earnings Scheduled For November 12, 2024

As <a href="https://www.benzinga.com/topic/2024-presidential-election">Election Week 2024</a> is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.
With a Democratic win likely to power up the clean energy sector and a Donald Trump victory poised to boost steel, the stakes are high for investors in metals, mining and clean tech.
<h1 class="wp-block-heading">A Harris Win: Green Light For Clean Tech Rally?</h1>
Should Vice-President Kamala Harris take the White House, expect a boost across clean tech stocks, especially those linked to electric vehicles (EV) and hydrogen.
Peterson points to EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), ChargePoint Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NASDAQ">CHPT</a>) and lithium players like Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) and Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) as likely to benefit from sustained clean energy initiatives.
Stocks like Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) could also rally, riding on investor confidence that government spending won't dry up for sectors heavily backed by the Inflation Reduction Act and the Department of Energy's Loan Programs Office.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41713236/donald-trumps-return-to-white-house-could-propel-these-etfs-to-new-highs">Donald Trump&#8217;s Return To White House Could Propel These ETFs To New Highs</a>
<h1 class="wp-block-heading">Trump's Win: Steel's Comeback With A Dose Of Protectionism</h1>
A Trump victory could be a bullish setup for the steel sector, especially for domestic players like Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), and Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), which would benefit from protectionist policies supporting U.S. steel pricing.
Peterson highlights that Trump's stance against the proposed acquisition of U.S. Steel by Nippon Steel Corp (OTCPK: NISTF) could keep the spotlight on domestic operators, while Trade Expansion Act Section 232 tariffs could make U.S. steel prices attractive.
Kaiser Aluminum Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) stands to gain over Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) if more tariffs come into play, thanks to Kaiser&#8217;s U.S. footprint.
<h1 class="wp-block-heading">Rare Earths &amp; Base Metals: Supply Security Takes The Stage</h1>
Regardless of the outcome, Western supply chain security remains a hot-button issue, favorably positioning rare earth and graphite players like MP Materials Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) and GrafTech International Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>).
For base metals, names like Alcoa Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) and Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) may see an impact from intensified China tariffs, with pricing ripple effects dependent on global stimulus responses.
With the election outcome set to shape market dynamics, these sectors have distinct paths forward. For now, it's a wait-and-see game for investors in metals, mining, and clean tech.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41650250/harris-vs-trump-crypto-industry-anticipates-favorable-regulatory-environment-for-bi">Harris Vs Trump: Crypto Industry Anticipates &#8216;Favorable Regulatory Environment&#8217; For Bitcoin And Other Digital Assets After Elections</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Politics

Markets

Trading Ideas

CHPT

CSTM

KALU

NISTF

PLUG

STLD

Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact

Roth MKM analyst Joe Reagor reiterates Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) with a Buy and lowers the price target from $40 to $31.

Price Target

Reiteration

Analyst Ratings

Roth MKM Reiterates Buy on Piedmont Lithium, Lowers Price Target to $31

Rumors

Watching Piedmont Lithium; Traders Ciruclate James Altucher Newsletter Mentions Stock As A Buy

BMO Capital analyst Greg Jones maintains Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) with a Market Perform and raises the price target from $8.5 to $9.

BMO Capital Maintains Market Perform on Piedmont Lithium, Raises Price Target to $9

WIIM

Piedmont Lithium shares are trading higher after the company announced it hit record production by shipping over 31K tons of Spodumene in Q3 for EV supply chains.

Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, announced that it shipped approximately 31,500 dry metric tons ("dmt") of spodumene concentrate in Q3'24 as its jointly owned North American Lithium ("NAL") achieved new quarterly production and operational performance records.1 NAL, North America's largest producing spodumene mine, is jointly owned by Piedmont (25%) and Sayona Mining Limited (75%) (ASX: SYA).
&nbsp;
<img src="https://mms.businesswire.com/media/20241028917492/en/2285280/4/Q3_24_Production_Update_table.jpg" alt="Figure 1: NAL Concentrate Production (Graphic: Business Wire)" />
Figure 1: NAL Concentrate Production (Graphic: Business Wire)
In response to a customer request, the Company will shift a planned cargo from Q4'24 to early Q1'25. As a result, Piedmont is targeting shipments of approximately 55,000 dmt of spodumene concentrate in Q4 for total 2024 shipments of approximately 116,000 dmt. While this single cargo push into early 2025 will cause a nominal adjustment from our prior guidance of 126,000 dmt for 2024, we expect this shift to be accretive to our 2025 shipments totals and does not impact Piedmont's total offtake quantities at NAL.2
Q3'24 Operational Results Summary
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Piedmont Lithium</td>
<td colspan="1" rowspan="1">Units</td>
<td colspan="1" rowspan="1">Q3'24</td>
<td colspan="1" rowspan="1">Q2'24</td>
<td colspan="1" rowspan="1">QoQ Variance</td>
<td colspan="1" rowspan="1">2024 YTD</td>
<td colspan="1" rowspan="1">2023 YTD</td>
<td colspan="1" rowspan="1">YoY Variance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Concentrate Shipped</td>
<td colspan="1" rowspan="1">kt dmt</td>
<td colspan="1" rowspan="1">31.5</td>
<td colspan="1" rowspan="1">15.5</td>
<td colspan="1" rowspan="1">125%</td>
<td colspan="1" rowspan="1">60.9</td>
<td colspan="1" rowspan="1">29.0</td>
<td colspan="1" rowspan="1">110%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Average Grade</td>
<td colspan="1" rowspan="1">% Li2O</td>
<td colspan="1" rowspan="1">~5.4%</td>
<td colspan="1" rowspan="1">~5.5%</td>
<td colspan="1" rowspan="1">(0.1%)</td>
<td colspan="1" rowspan="1">~5.5%</td>
<td colspan="1" rowspan="1">~5.4%</td>
<td colspan="1" rowspan="1">0.1%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">NAL1</td>
<td colspan="1" rowspan="1">Units</td>
<td colspan="1" rowspan="1">Q3'24</td>
<td colspan="1" rowspan="1">Q2'24</td>
<td colspan="1" rowspan="1">QoQ Variance</td>
<td colspan="1" rowspan="1">2024 YTD</td>
<td colspan="1" rowspan="1">2023 YTD</td>
<td colspan="1" rowspan="1">YoY Variance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Ore Mined</td>
<td colspan="1" rowspan="1">kt wmt</td>
<td colspan="1" rowspan="1">240.3</td>
<td colspan="1" rowspan="1">233.7</td>
<td colspan="1" rowspan="1">3%</td>
<td colspan="1" rowspan="1">825.1</td>
<td colspan="1" rowspan="1">562.8</td>
<td colspan="1" rowspan="1">47%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Concentrate Produced</td>
<td colspan="1" rowspan="1">kt dmt</td>
<td colspan="1" rowspan="1">52.1</td>
<td colspan="1" rowspan="1">49.7</td>
<td colspan="1" rowspan="1">5%</td>
<td colspan="1" rowspan="1">142.2</td>
<td colspan="1" rowspan="1">64.6</td>
<td colspan="1" rowspan="1">120%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Plant (Mill) Utilization</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">91%</td>
<td colspan="1" rowspan="1">83%</td>
<td colspan="1" rowspan="1">8%</td>
<td colspan="1" rowspan="1">82%</td>
<td colspan="1" rowspan="1">65%</td>
<td colspan="1" rowspan="1">13%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Lithium Recovery</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">67%</td>
<td colspan="1" rowspan="1">68%</td>
<td colspan="1" rowspan="1">(1%)</td>
<td colspan="1" rowspan="1">67%</td>
<td colspan="1" rowspan="1">57%</td>
<td colspan="1" rowspan="1">10%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Concentrate Shipped</td>
<td colspan="1" rowspan="1">kt dmt</td>
<td colspan="1" rowspan="1">49.0</td>
<td colspan="1" rowspan="1">27.7</td>
<td colspan="1" rowspan="1">77%</td>
<td colspan="1" rowspan="1">134.8</td>
<td colspan="1" rowspan="1">48.2</td>
<td colspan="1" rowspan="1">180%</td>
</tr>
</tbody>
</table>
</figure>
In Q3'24, NAL produced 52,141 dmt and shipped 48,992 dmt, of which approximately 31,500 dmt of spodumene concentrate were sold to Piedmont and shipped to Company customers.
NAL increased quarterly production by 5% in Q3'24 compared to the prior quarter. Mill utilization achieved a record high of 91% for the quarter benefitting from the availability of the recently completed crushed ore dome. The increased utilization rate also drove an improvement in unit operating costs, which declined by 15% quarter-over-quarter when excluding the impact of inventory movements. Recoveries dipped marginally in the quarter due to a slight reduction in feed grade and increased use of the WHIMS magnetic separators. Importantly, in September 2024, NAL reported its first incident-free safety month since the restart of operations in 2023 with no lost time injuries, no modified duty injuries, and no medical aid injuries.

Piedmont Lithium Hits Record Production, Shipping Over 31K Tons of Spodumene in Q3 for EV Supply Chain, Plans for 116K-Ton Spodumene Shipment Target in 2024

The U.S. Geological Survey (USGS) recently discovered a significant lithium reserve beneath southwestern Arkansas. Through water testing and artificial intelligence, the agency found as much as 19 million tons of lithium — enough to supply the nation's <a href="https://www.benzinga.com/topic/clean-energy">green tech transition</a>.
"Our research was able to estimate total lithium present in the southwestern portion of the Smackover in Arkansas for the first time.&nbsp; We estimate there is enough dissolved lithium present in that region to replace U.S. imports of lithium and more," <a href="https://www.usgs.gov/news/national-news-release/unlocking-arkansas-hidden-treasure-usgs-uses-machine-learning-show-large">said</a> Katherine Knierim, a hydrologist and the study's principal researcher.
The Smackover Formation is a leftover of an ancient sea that formed a porous and permeable limestone geologic unit that extends across the Southern U.S. states. Rich in oil and bromine, it has recently attracted attention for brine water — high-salinity waters that are a common byproduct of oil exploration.
Given the synergies, large oil producers such as Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) are <a href="https://www.benzinga.com/news/large-cap/24/02/37182798/exxons-lithium-experiment-could-be-winner-for-oil-company-state-of-arkansas">already active in Arkansas</a>. The company plans to begin extraction by 2027 and produce enough lithium for one million electric vehicles annually by 2030 through Direct Lithium Extraction (DLE) technology, which offers a quicker, more environmentally friendly method than traditional mining.
DLE also has high profitability potential, as demonstrated by Canadian pioneer Volt Lithium, which recently produced the first <a href="https://www.benzinga.com/24/08/40287108/volt-lithium-ceo-talks-up-new-mining-extraction-method-promises-major-production-advancements">battery-grade lithium</a> from brine in the Permian basin. The company estimates production costs at $2,900 per ton, even from low-concentration brine, while current prices hover around $10,500 per ton.
Despite significant lithium resources in the form of brine and clay deposits such as Thacker Pass in Nevada, domestic production has yet to catch up to domestic consumption. The U.S. imports 25% of its lithium, mainly from Australia and South America. This reliance on foreign sources and China's dominance in lithium processing have raised concerns about supply chain vulnerabilities.
The reasons include environmental concerns and opposition from the Indigenous population, as prospective deposits often crisscross disputed sites. With inert bureaucracy and high capex costs, the <a href="https://www.benzinga.com/news/24/07/39870803/us-mine-development-delays-among-worlds-longest-second-only-to-zambia">average mine development</a> in the U.S. is 29 years.
Still, with heavyweights such as Exxon committed to tapping into Arkansas' and both local and federal decision-makers keeping a friendly stance toward battery metals — this Southern state might reach its goal of becoming an epicenter of U.S. lithium production.
Lithium stocks rallied on the news, with Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) climbing 17% yesterday before giving back most of those gains today.
Major lithium ETFs Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>) and Amplify Lithium &amp; Battery Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATT#NYSE">BATT</a>) had modest gains between 2% and 3% Wednesday morning before running out of steam.
Read Next: • <a href="https://www.benzinga.com/news/large-cap/24/10/41425070/vale-sets-samarco-dam-bill-estimate-at-30b-bhp-faces-uks-high-court">Vale Sets Samarco Dam Bill Estimate At $30B, BHP Faces UK&#8217;s High Court</a>
Photo: Shutterstock

Government

BATT

Lithium Reserve Found In Arkansas With Help From AI: Why It Impacts Exxon Mobil

Piedmont Lithium shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $9 to $8.

JP Morgan analyst Bill Peterson downgrades Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) from Neutral to Underweight and lowers the price target from $9 to $8.

Downgrades

JP Morgan Downgrades Piedmont Lithium to Underweight, Lowers Price Target to $8

Macquarie analyst Hayden Bairstow downgrades Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) from Neutral to Underperform and announces $7.8 price target.

Macquarie Downgrades Piedmont Lithium to Underperform, Announces $7.8 Price Target

Piedmont Lithium shares are trading higher after the company announced that the Ghana Minerals Commission has issued a mine operating permit for the joint venture Ewoyaa project.

Piedmont Lithium Announced That The Minerals Commission Of Ghana Has Issued A Mine Operating Permit To The Joint Venture Ewoyaa Lithium Project In Ghana

Offerings

Piedmont Lithium Announces At Market Issuance Sales Agreement For Up To $50M Of Common Stock

Piedmont Lithium ("Piedmont" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>, ASX: PLL))), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that Ghana's Environmental Protection Agency ("EPA") has granted an environmental permit ("EPA Permit") to the Ewoyaa Lithium Project in Ghana. The Ewoyaa Project is being developed in partnership with Atlantic Lithium Limited ("Atlantic Lithium) (AIM:ALL, ASX:A11). In August 2023, the Company announced that it exercised its option to acquire a 22.5% interest in Ewoyaa, subject to government approvals, as part of its staged investment agreement to earn a 50% equity interest in Atlantic Lithium's Ghanaian lithium portfolio.

Regulations

Piedmont and Atlantic Lithium's Ewoyaa Project Gains Green Light from Ghana's EPA, Expands Stake in Ghana's Lithium Supply Chain

FEAM

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

LITM

Citi Expects Lithium To Bounce 20-25% Over The Next 2-3 Months On Supply Curtailment Led Physical Rebalancing And Short Covering

BMO Capital analyst Greg Jones maintains Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) with a Market Perform and lowers the price target from $15 to $8.5.

BMO Capital Maintains Market Perform on Piedmont Lithium, Lowers Price Target to $8.5

For months, the electric vehicle (EV) market has been experiencing a significant shift, with major automakers revising their strategies <a href="https://www.benzinga.com/news/24/03/37688367/electric-vehicle-market-slows-down-prompts-major-automakers-to-shift-strategy">as demand slows</a>.
The ripple effects of the cautious outlook from Original Equipment Manufacturers (OEMs) are being felt across the EV battery supply chain.
According to insights from JPMorgan&#8217;s Global EV Battery team, the supply chain is experiencing further volume revisions despite improving battery economics, driven by cheaper metal and lower cell prices. 
Read Also: <a href="https://www.benzinga.com/markets/esg/24/08/40512436/rivian-hits-rough-patch-production-halts-leadership-shake-ups-dent-stock">Rivian Hits Rough Patch: Production Halts, Leadership Shake-Ups Dent Stock</a>
As the industry braces for upcoming regulatory changes, such as new subsidy and emission regulations, the focus is now on 2026 capacity plans. This period could see significant adjustments as companies aim to align their strategies with evolving market conditions and regulatory frameworks.
Weak demand outside of China continues to impact EV charging and advanced battery stocks, with investors increasingly scrutinizing the path to profitability. Stocks like ChargePoint Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) and EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) are under the spotlight as automakers moderate their EV growth forecasts in favor of hybrid production, particularly in the U.S.
For lithium producers such as Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) and Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>), the outlook <a href="https://www.benzinga.com/markets/commodities/24/05/39007586/lithium-market-may-have-turned-a-corner-but-dont-expect-2022-style-rally">remains challenging</a>. 
With lithium prices under pressure and EV demand showing little sign of robust recovery, these companies are expected to tread cautiously until a more favorable price environment emerges.
What&#8217;s Next: Key catalysts for the market include regulatory drivers and updates on capacity plans across the battery supply chain. As OEMs continue to adjust their strategies and focus on hybrid production, the trajectory of the EV market will likely hinge on how quickly they can adapt to new realities and optimize costs.
For investors, the road ahead may require a careful balance between navigating near-term challenges and positioning for long-term opportunities in a rapidly evolving sector.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40517598/musk-take-notice-lucid-unveils-3-affordable-evs-to-compete-with-teslas-model-y-model-3">Musk, Take Notice: Lucid Unveils 3 Affordable EVs To Compete With Tesla&#8217;s Model Y, Model 3</a></li>
</ul>
Image: Shutterstock

Analyst Color

Tech

EV Demand Drops, Investors Scrutinize Battery Stocks: What's In Store For ChargePoint, EVgo, Piedmont Lithium?

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Piedmont Lithium (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $29.06, a high estimate of $61.00, and a low estimate of $9.30. A 35.42% drop is evident in the current average compared to the previous average price target of $45.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723496506_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Piedmont Lithium by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Key</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Hayden Bairstow</td>
<td>Macquarie</td>
<td>Announces</td>
<td>Neutral</td>
<td>$9.30</td>
<td>-</td>
</tr>
<tr>
<td>Joe Reagor</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$40.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Joe Reagor</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$61.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Greg Jones</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$28.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Piedmont Lithium. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Piedmont Lithium compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Piedmont Lithium's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Piedmont Lithium's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PLL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Piedmont Lithium analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Piedmont Lithium: A Closer Look</h2>
Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.
<h3>Piedmont Lithium: Financial Performance Dissected</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: Piedmont Lithium's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -1.3%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Piedmont Lithium's net margin excels beyond industry benchmarks, reaching -100.79%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Piedmont Lithium's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -4.37%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.95%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Piedmont Lithium's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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금요일, 5월 17, 2024

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