Promising Lithium Stocks To Keep An Eye On - August 15th

Key Points

• Lithium Stocks to Watch: Seven lithium stocks, including Exxon Mobil, SolarEdge Technologies, and Albemarle, are highlighted for their significant trading volumes and roles in the growing demand for lithium utilized in electric vehicles and energy storage.
• Exxon Mobil and Other Key Players: Exxon Mobil's stock is currently trading at $107.17, with a market cap of $456.91 billion, showcasing its strong position in the energy sector amidst the transition to clean energy.
• Emerging Companies: New players like QuantumScape focus on solid-state lithium batteries for electric vehicles, while Dragonfly Energy specializes in lithium-ion batteries for various markets, illustrating the diverse opportunities within the lithium sector.

Exxon Mobil, SolarEdge Technologies, Albemarle, QuantumScape, Rio Tinto, Dragonfly Energy, and Eos Energy Enterprises are the seven Lithium stocks to watch today, according to MarketBeat's stock screener tool. Lithium stocks are shares of companies that explore, mine, refine or produce battery-grade lithium—an essential metal for rechargeable batteries in electric vehicles, consumer electronics and grid storage. By holding these stocks, investors gain direct exposure to the rapidly growing demand for lithium driven by the transition to clean energy and electric transportation. These companies had the highest dollar trading volume of any Lithium stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Exxon Mobil stock traded up $0.78 during mid-day trading on Friday, hitting $107.17. The company's stock had a trading volume of 9,514,471 shares, compared to its average volume of 16,727,379. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average is $110.21 and its two-hundred day moving average is $108.89. Exxon Mobil has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market capitalization of $456.91 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53.

Read Our Latest Research Report on XOM

SolarEdge Technologies (SEDG)

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.

SolarEdge Technologies stock traded up $6.00 during midday trading on Friday, reaching $31.67. The company's stock had a trading volume of 3,345,427 shares, compared to its average volume of 4,799,434. The business has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $18.49. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $32.45. The company has a market cap of $1.88 billion, a P/E ratio of -1.05 and a beta of 1.56.

Read Our Latest Research Report on SEDG

Albemarle (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.

ALB traded up $1.04 during trading on Friday, reaching $82.47. The company's stock had a trading volume of 1,156,937 shares, compared to its average volume of 3,550,736. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 2.31. Albemarle has a 52-week low of $49.43 and a 52-week high of $113.91. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of -8.85 and a beta of 1.63. The company's fifty day moving average price is $69.08 and its 200-day moving average price is $68.11.

Read Our Latest Research Report on ALB

QuantumScape (QS)

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

QuantumScape stock traded down $0.05 during trading on Friday, reaching $9.05. 7,777,921 shares of the company's stock were exchanged, compared to its average volume of 24,535,330. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.40 and a current ratio of 16.40. The company's 50-day moving average is $8.05 and its two-hundred day moving average is $5.62. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of -10.52 and a beta of 4.43. QuantumScape has a 52-week low of $3.40 and a 52-week high of $15.03.

Read Our Latest Research Report on QS

Rio Tinto (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

NYSE RIO traded up $0.36 on Friday, hitting $61.40. The stock had a trading volume of 1,117,368 shares, compared to its average volume of 3,354,102. The company's 50-day moving average is $59.83 and its two-hundred day moving average is $60.33. The company has a quick ratio of 1.03, a current ratio of 1.53 and a debt-to-equity ratio of 0.37. The stock has a market cap of $76.99 billion, a price-to-earnings ratio of 9.52 and a beta of 0.64. Rio Tinto has a one year low of $51.67 and a one year high of $72.08.

Read Our Latest Research Report on RIO

Dragonfly Energy (DFLI)

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.

NASDAQ:DFLI traded up $0.06 during midday trading on Friday, reaching $0.32. The stock had a trading volume of 186,837,078 shares, compared to its average volume of 10,850,739. The firm's fifty day simple moving average is $0.25 and its 200-day simple moving average is $0.82. Dragonfly Energy has a 1-year low of $0.15 and a 1-year high of $5.78. The stock has a market capitalization of $12.88 million, a P/E ratio of -0.06 and a beta of -0.66.

Read Our Latest Research Report on DFLI

Eos Energy Enterprises (EOSE)

Eos Energy Enterprises, Inc. designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.

Shares of EOSE stock traded down $0.31 on Friday, hitting $6.03. The stock had a trading volume of 9,165,497 shares, compared to its average volume of 10,578,158. Eos Energy Enterprises has a twelve month low of $1.82 and a twelve month high of $7.36. The company has a fifty day moving average price of $5.24 and a two-hundred day moving average price of $4.99. The firm has a market cap of $1.57 billion, a P/E ratio of -1.15 and a beta of 2.07.

Read Our Latest Research Report on EOSE

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