Standard Lithium Ltd. (SLI)
Standard Lithium Ltd. (SLI) is a technology and innovation company focused on developing sustainable lithium extraction solutions from brine sources in North America. The company aims to establish environmentally friendly and cost-effective processes to produce lithium for use in batteries and energy storage applications. Based in Canada, Standard Lithium works on innovative workflows to improve lithium recovery and position itself as a key player in the growing global lithium market.
Company News
Raymond James initiated coverage of Standard Lithium with an outperform rating and a 12-month price target of $2.75, despite the stock already trading above that price. The analyst sees potential in the company's lithium-brine projects in the United States.
Smackover Lithium's South West Arkansas project has been selected as one of the first critical mineral production projects to be advanced under Executive Order 14241, underscoring its strategic importance to national security, economic prosperity, and energy independence.
Lithium spot prices were generally flat the past month. Click here for the lithium junior miners news for April 2024.
Benchmark analyst Kurt Hallead initiated coverage on Tetra Technologies Inc (NYSE: TTI) with a Buy rating and price target of $8. The analyst believes the company is in the early stages of a corporate evolution focusing on the use of lithium in EV battery technology and zinc bromide in long-term battery storage projects to assist wind and solar farms. The reuse of produced water from oil and gas operations is also among the key focus areas for TTI, says the analyst. Hallead estimates the emerging growth opportunities to add $280 million to EBITDA and $8 in equity value. For the lithium (EV batteries) ...Full story available on Benzinga.com
Standard Lithium Ltd. (SLI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.