9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Li-Cycle in the last year. Morgan Stanley expanded their EV coverage to include Li-Cycle Holdings Corp. (NYSE: LICY) and initiated coverage of the company with an Overweight rating as well as a $15 price. We are building a workplace that promotes diversity, inclusion, dignity and respect, with a sense of belonging for each employee. Should I buy or sell Li-Cycle stock right now? The company provides a mix of cathode and anode battery materials, including lithium, nickel and other battery inputs such as graphite, copper, and aluminum. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Join us on our mission to create a more sustainable future and a zero-carbon planet. The stock currently trades right at $8.50 a share and sports an approximate market capitalization of $1.4 billion. This cookie is set by GDPR Cookie Consent plugin. Source: Kantar Media, LICY will report FY 2024 earnings on 01/30/2023, LICY will report Q2 earnings on 08/15/2023. Identify stocks that meet your criteria using seven unique stock screeners. Cantor Fitzgerald analyst Matthew O'Keefe initiates coverage on Li-Cycle Holdings (NYSE:LICY) with a Buy rating and announces Price Target of $8.5. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, Russia bans 'unfriendly' countries' journalists from showpiece economic gathering, Biden signs debt ceiling bill that pulls US back from brink of unprecedented default, Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry, Twitter executive responsible for content safety resigns after Elon Musk criticism, Mullen Automotive - What's Good, What's Bad, and What's Downright Ugly, These Stocks Have Bottomed and Are Primed for Reversal, AI Helps Palantir Make a Move to the Upside, Co-Founder, Exec. During the same period in the prior year, the company posted ($0.33) earnings per share. Li-Cycle's mailing address is 2229 SAN FELIPE STREET SUITE 1450, HOUSTON TX, 77019. Leadership listed two key events in the fourth quarter in regards to its balance sheet within thepress releasethat accompanied fourth quarter results. Compare Top Brokerages Here. May 31, 2022 6:42 PM EDT. Li-Cycle Holdings Corp. News. Li-Cycle is engaged in the lithium-ion battery resource recovery and lithium-ion battery recycling business. After submitting your request, you will receive an activation email to the requested email address. JIM CRAMER. Shares of LICY are up 4.94% premarket to $8.49 in. LICY's revenue (49.9% per year) is forecast to grow faster than the US market (8% per year). LICY updated stock price target summary. Leadership is targeting an eventual annual Spoke processing capacity of up to 45,000 tons of lithium-ion battery input and Hub processing capacity of 90,000 tons of lithium-ion battery equivalent input in North America. View our LICY earnings forecast. Li-Cycle (NYSE: LICY) is an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America. The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 13th 2023. According to analysts' consensus price target of $8.56, Li-Cycle has a forecasted upside of 73.5% from its current price of $4.93. It does not store any personal data. Lithium-ion Battery Recycling - Li-ion Battery Resource Recovery | Li-Cycle Li-Cycle's lithium-ion battery recycling - resources recovery process for critical materials. Within the last quarter, Li-Cycle Holdings (NYSE:LICY) has observed the following analyst ratings: Trending: Debt Ceiling: McCarthy Says Republicans Can Act On Their Own Must Read: Gene Munster . This cookie is set by GDPR Cookie Consent plugin. Indeed, the pending green tidal wave with battery recycling front and center is something I think many investors arent really considering right now. You can sign up for additional alert options at any time. Email . Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a . News Profile Analyst Coverage 5 Yr. Financials Dividends Adv. This is an increase of 1 owner (s) or 0.35% in the last quarter. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Analytical cookies are used to understand how visitors interact with the website. Glencore is pleased to announce the establishment of a strategic partnership with Li-Cycle Holdings Corp. (NYSE: LICY), a leading lithium-ion battery recycler in North America. The company can be reached via phone at 877-542-9253 or via email at info@li-cycle.com. Want the fastest, most accurate stock market intelligence? Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. There are options against this equity, so acovered callstrategy is viable. Fundamental company data and analyst estimates provided by FactSet. A $15.7 trillion tech melt could be triggered as soon as June 14th Now is the time to prepare. Today, Ives initiated coverage on Li-Cycle, placing a 12-month price target of $14 on this stock. These cookies ensure basic functionalities and security features of the website, anonymously. Three analyst firms including Citigroup have reissued Buy ratings on Li-Cycle this year, albeit two of them with downward price target revisions. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Analytical cookies are used to understand how visitors interact with the website. We believe in empowering high-performing employees to take ownership of their positions to build up the team around them and create a workplace culture of excellence. Li-Cycle does not currently pay a dividend. Summary Li-Cycle is growing its customer base beyond North America to Europe, with its recent partnership with Morrow Batteries. In the last 3 months, 6 analysts have offered 12-month price targets for Li-Cycle Holdings. Earnings vs Savings Rate: LICY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%). (844) 978-6257. Li-Cycle Holdings Corp. (NYSE:LICY - Get Rating) - Analysts at Wedbush issued their Q2 2023 EPS estimates for shares of Li-Cycle in a research note issued on Wednesday, May 17th.Wedbush analyst D. Ives expects that the company will post earnings per share of ($0.13) for the quarter. Could Make Most 21st Century Diseases EXTINCT (Ad), BREAKING: Tiny biotech successfully treats blindness (Ad), Trading Channel Breakout in Lululemon Brought by Earnings. Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the "Company"), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, announced today that it will host investor meetings in Boston, at the KeyBanc Capital Markets 2023 Industrials & Basic Materials Conference on Thursday, June 1, 2023, and during a non-deal roadshow . A high percentage of insider ownership can be a sign of company health. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Li-Cycle Holdings is forecasted to grow earnings and revenue by 61.6% and 49.9% per annum respectively. But opting out of some of these cookies may affect your browsing experience. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Top institutional investors include Grantham Mayo Van Otterloo & Co. LLC (3.86%), BlackRock Inc. (3.76%), SIR Capital Management L.P. (1.54%), State Street Corp (1.16%), AXA S.A. (1.07%) and Macquarie Group Ltd. (0.90%). Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Members of The Busted IPO Forum get exclusive access to our model portfolio. View which stocks are hot on social media with MarketBeat's trending stocks report. As the largest North American player in the lithium recovery space, Li-Cycle is getting a. With that in mind, investors in Li-Cycle (NYSE:LICY) and LICY stock tend to get a variety of different opinions on the risks and rewards of investing in such growth-oriented play. A full investment analysis is provided in the paragraphs below. Benefits: Transparency in Coverage; Contact. 2023 InvestorPlace Media, LLC. Senator Mark Kelly Visit Li-Cycles Lithium-Ion Battery Recycling Facility in Arizona, Analysts Issue Forecasts for Li-Cycle Holdings Corp.'s Q2 2023 Earnings (NYSE:LICY), Li-Cycle Holdings Corp Ordinary Shares - Class A, Li-Cycle Holdings Corp. (NYSE:LICY) Receives $8.56 Average Target Price from Analysts, Li-Cycle's story is in 'early innings' as battery metals processing plants come online, analysts say, Time To Worry? These cookies will be stored in your browser only with your consent. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Employee wellness has a direct and positive impact on our business, productivity, employee engagement and retaining top talent. The Li-Cycle Thesis: The company seems poised to continue. By clicking Accept All, you consent to the use of ALL the cookies. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Revenues for the fourth quarter came in at $4.4 million, a huge increase over just $500,000 in sales in 4Q2020. Li-Cycle has completed merger with SPAC Peridot Acquisition Corp (NYSE: PDAC) and is trading on the NYSE under the symbol LICY. 1-877-542-9253
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The company has a series of spokes or regionally optimized locations to reduce costs and increase safety. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Company Type For Profit. Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets. Salesforce: Time to Snap it Up as the Market Buys the Dip? Copyright 2023, Li-Cycle Corp. All Rights Reserved. Phone Number 877-542-9253. Export data to Excel for your own analysis. And while we are inching closer to a correction, it appears investors have reason to latch onto LICY stock. Where (and how) these batteries are being laid to rest is a key concern among environmentalists and good corporate citizens. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Today, we take our first look at a company called Li-Cycle Holdings in the interesting niche of recycling batteries for the EV industry. That is, should investors consider alternative plays on the battery technology space. Received $100 million investment from Koch Strategic Platforms in the form of a convertible note; expanding strategic partnership to support the growth of Spoke and Hub network. Total operating expenses were $18.2 million for the quarter and almost $40 million for FY2021. Renewed Analyst Sentiment for CBRE Group Stock: Buy the Dip? On average, they expect the company's stock price to reach $8.56 in the next twelve months. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Putting this increase in context is important, because the markets have been selling off hard over the past week. Benzinga does not provide investment advice. Here's what has LICY stock on the move today. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. Li-Cycle (NYSE:LICY) has a market capitalization of $870.15 million and generates $13.40 million in revenue each year. Li-Cycle trades on the New York Stock Exchange (NYSE) under the ticker symbol "LICY.". This cookie is set by GDPR Cookie Consent plugin. In the past three months, Li-Cycle insiders have not sold or bought any company stock. How A.I. 50-Day Range $4.39 $5.76 52-Week Range $4.30 $8.49 Volume 947,100 shs Average Volume 1.44 million shs Market Capitalization $808.38 million P/E Ratio N/A Dividend Yield N/A Price Target $8.56 Profile Analyst Ratings Chart Competitors Earnings Financials Institutional Ownership Headlines Options Chain SEC Filings Short Interest Social Media This expansion will support projected mega-factory production capacity growth which the companyestimateswill grow from approximately 45 GWh in 2021 to more than 500 GWh by 2025. There are 284 funds or institutions reporting positions in Li-Cycle Holdings Corp -. Can Presto Automation Bring AI to the Drive-Thru? Li-Cycle's stock is owned by a number of retail and institutional investors. High Growth Revenue: LICY's revenue (49.9% per year) is forecast to grow faster than 20% per year. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Li-Cycle: A Battery Recycler With An Attractive Long Term Opportunity, Li-Cycle targets over 6,500 mt black mass output in 2022. There is no denying that analysts who focus on growth stocks vary quite a bit. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating. Taking a look at stock we notice that its last check on previous day was $4.85 and 5Y monthly beta was reading 1.15 with its price kept floating in the range of $4.62 and $4.90 on the day. Life cycle analysis (LCA) is a methodological framework regulated by ISO 14040 for estimating and assessing the environmental impacts attributable to the life cycle of a product, including the sourcing of raw materials, manufacturing, distribution, transportation, and end-of-life disposal. The company has an average price target of $7.58 with a high of $10.00 and a low of $4.00. We believe that diversity across our workforce enables everyone to contribute fully, and allows us to benefit from a rich variety of perspectives and experiences that relate better to our diverse business partners, clients and other stakeholders. LICY is expected to become profitable in the next 3 years. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Chairman & Interim Regional Pres of EMEA, Sr. VP of Investor Relations & Financial Communications. However, there are deals in every bull market. Join 10,000+ serious traders in the Benzinga Pro community! Li-Cycle has only been the subject of 3 research reports in the past 90 days. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Analyst Price Forecast Suggests 72.04% Upside. Our Code of Business Conduct embodies our company-wide commitment to Diversity, Equity and Inclusion (DEI). 1125 N. Charles St, Baltimore, MD 21201. EPS is expected to grow by 73.4%. A small watch item holding as a proxy for the predicted migration to electric vehicles doesnt seem out of line on the recent huge pullback across the space, however. At Li-Cycle, we are committed to supporting our employees through effective leadership, communication, management systems, training, and accountability. The company employs 155 workers across the globe. This cookie is set by GDPR Cookie Consent plugin. Co-founders Ajay Kochhar and Tim Johnston have executed their strong business model to create partnerships and capitalize on the future of clean energy, as they have created a sustainable and cost-efficient method to recycle battery-grade materials, the analyst wrote. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Article printed from InvestorPlace Media, https://investorplace.com/2021/09/licy-stock-charges-up-as-one-analyst-eyes-li-cycles-dominance-in-battery-recycling/. Real-time analyst ratings, insider transactions, earnings data, and more. Lets dive into what has shares of this lithium-ion battery resource recovery play shooting higher. Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. This is a downstream play on a surging battery sector that could see significant momentum. We examine that question in the analysis below. Li-Cycle's value proposition in the growing market is called compelling. These cookies ensure basic functionalities and security features of the website, anonymously. International stock quotes are delayed as per exchange requirements. However, you may visit "Cookie Settings" to provide a controlled consent. This website uses cookies to improve your experience while you navigate through the website. Two tons of black mass capacity roughly equals one gigawatt (GWh) hours of lithium-ion batteries. Li-Cycle Technology is a closed loop, economically viable, safe and sustainable . Ontario-based Li-Cycle is on top of it. 5 Artificial Intelligence Stocks to Buy Before They Skyrocket, This No-Name Street in San Francisco Is the Birthplace of the Next Big Megatrend, Louis Navellier and the InvestorPlace Research Staff, Miracle Psychedelics Could Save Lives and Mint Millions, NIO Stock Alert: China Just Gave Nio a Big Boost, Dear MULN Stock Fans, Mark Your Calendars for June 26, 3 Stocks to Buy That Could Be the Next Nvidia, CVNA Stock Alert: Carvana Terminates $1 Billion Private Exchange Offers, Dear SOFI Stock Fans, Mark Your Calendars for June 14, LICY Stock Charges Up as One Analyst Eyes Li-Cycles Dominance in Battery Recycling. American Consumer News, LLC dba MarketBeat 2010-2023. Li-Cycle Joins the United Nations Global Compact Initiative, Li-Cycle to Host Investor Meetings on June 1-2, 2023, Laser breakthrough could send stock soaring 2,467%, Li-Cycle and Shift2 Partner to Donate Laptops to High School Students in Rochester, New York, Li-Cycle (NYSE:LICY) Shares Gap Down to $4.97, U.S. Secretary of Energy Jennifer Granholm and U.S. Sign-up to receive the latest news and ratings for Li-Cycle and its competitors with MarketBeat's FREE daily newsletter. Li-Cycle does not have a long track record of dividend growth. The cookie is used to store the user consent for the cookies in the category "Analytics". investors@li-cycle.com. Latest Press Releases Li-Cycle to Host Earnings Conference Call/Webcast on Thursday, March 30, 2023 at 8:30 a.m. (Eastern Time) for Two-Month Transition Period Ended December 2022 03/16/2023 Susan Alban Nominated to Join Li-Cycle Board of Directors 03/17/2023 Li-Cycle to Host Annual Shareholders Meeting on Thursday, April 27, 2023 at 8:30 a.m. (ET) Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The analysts covering Li-Cycle Holdings Corp. ( NYSE:LICY ) delivered a dose of negativity to shareholders today, by. The forecasts range from a low of 4.04 to a high of $10.50. European mega-factory capacity is also projected to grow from 37 GWh in 2021 to more than 930 GWh by 2030.. Constellation Brands Taps into Growth: Analysts Bullish on Stock, CrowdStrike: Another Tech Stock to Buy on the Dip. Buy Strong Buy 3 analysts 42.86% Buy 1 analysts 14.29% Hold 2 analysts 28.57% Sell 0 analysts 0% Strong Sell 1 analysts 14.29% Be the first to know when Wall Street analysts revise their LICY stock forecasts and price targets. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. And today, Ives released a rather bullish report that has sent LICY stock more than 10% higher at the time of writing. Charden Capital Markets analyst Brian Dobson reiterated a Buy rating on the shares of Li-Cycle Holdings Corp (NYSE: LICY) but lowered the price target to $13 from $18, primarily citing market. Li-Cycle is a clean technology company with revolutionary technology for resource recovery of end-of-life lithium-ion batteries. What happened Shares of lithium battery recycler Li-Cycle Holdings (NYSE:LICY) ended Monday's trading session up 7.7%, although the gain wasn't in response to any news from the start-up company. High Growth Earnings: LICY is expected to become profitable in the next 3 years. Contact Email info@li-cycle.com. What Should Investors Make of These 3 Dividend Cuts? Data may be intentionally delayed pursuant to supplier requirements. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We operate honestly, embrace diversity, and respect our employees and stakeholders. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. The company primarily recovers the critical materials in lithium-ion batteries. Each GWh of lithium-ion batteries is enough to power approximately 1,250 electric vehicles. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. It does not store any personal data. Currently, Li-Cycle has approximately 10,000 tons of lithium-ion battery capacity but this will ramp up substantially in coming years. Among the more bullish on growth stocks is Wedbush analyst Dan Ives. 86% of retail CFD accounts lose money, Earnings Week Ahead: NIO, DocusSgn, GameStop, FuelCell and more, Analysts Offer Insights on Industrial Goods Companies: Li-Cycle Holdings (LICY) and Fathom Digital (FATH), Li-Cycle Reports Q1 2023 Sales Decline, Missing Consensus Amid Lower Nickel And Cobalt Prices, Li-Cycle Holdings GAAP EPS of -$0.22 misses by $0.05, revenue of $3.6M misses by $2.73M, Earnings Week Ahead: Walmart, Home Depot, Alibaba, Cisco, and more, Registration on or use of this site constitutes acceptance of our. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. As of April 24, 2023, the average one-year price target for Li-Cycle Holdings Corp - is 8.38. Date. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In this case, I think Wedbush is on the money with its bullish take on LICY stock. LICY is forecast to be unprofitable in 3 years. Below is a. Charts Earnings Options Price History Events Insiders. Upgrade to MarketBeat All Access to add more stocks to your watchlist. You also have the option to opt-out of these cookies. The Li-CycleAnalyst: Daniel Ives initiated coverage on Li-Cyclewith an Outperform rating and a price target of $14. Join 10,000+ serious traders in the Benzinga Pro community! At Li-Cycle, we are committed to supporting our employees through effective leadership, communication, management systems, training, and accountability. Legal Name Li-Cycle Corp. Stock Symbol NYSE:LICY. The Li-Cycle Thesis: The company seems poised to continue.