Lithium Stocks Worth Watching – May 9th

Exxon Mobil, SolarEdge Technologies, Albemarle, Rio Tinto Group, QuantumScape, Eos Energy Enterprises, and Enovix are the seven Lithium stocks to watch today, according to MarketBeat’s stock screener tool. Lithium stocks are shares of publicly traded companies involved in the exploration, mining and processing of lithium, a critical raw-earth metal used primarily in rechargeable batteries for electric vehicles, portable electronics and grid storage. Because global demand for clean energy and electrification continues to rise, these stocks offer investors a way to gain exposure to the battery-metals sector and the broader shift toward renewable technologies. 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 $1.06 during mid-day trading on Friday, reaching $107.13. 4,076,268 shares of the stock traded hands, compared to its average volume of 15,560,502. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $463.37 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The business’s 50-day moving average is $108.97 and its 200-day moving average is $111.30.

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.

NASDAQ:SEDG traded up $1.33 during midday trading on Friday, hitting $19.62. 5,598,417 shares of the company traded hands, compared to its average volume of 4,144,594. SolarEdge Technologies has a 12-month low of $10.24 and a 12-month high of $56.52. The firm’s fifty day moving average is $14.62 and its 200-day moving average is $14.64. The firm has a market capitalization of $1.16 billion, a P/E ratio of -0.63 and a beta of 1.50. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56.

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.

Shares of ALB traded up $0.02 during trading hours on Friday, reaching $57.46. 735,402 shares of the company traded hands, compared to its average volume of 2,754,692. The stock has a market capitalization of $6.76 billion, a P/E ratio of -5.13 and a beta of 1.71. The company has a quick ratio of 1.19, a current ratio of 1.95 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $64.91 and a 200-day moving average price of $83.24. Albemarle has a 12-month low of $49.43 and a 12-month high of $137.50.

Rio Tinto Group (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.

RIO stock traded up $0.53 during midday trading on Friday, hitting $59.71. 663,918 shares of the company’s stock were exchanged, compared to its average volume of 2,851,761. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $74.87 billion, a PE ratio of 9.26, a P/E/G ratio of 0.42 and a beta of 0.73. The business has a 50-day simple moving average of $59.81 and a two-hundred day simple moving average of $61.19. Rio Tinto Group has a 1-year low of $51.67 and a 1-year high of $74.24.

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.

NYSE:QS traded up $0.08 during midday trading on Friday, reaching $4.07. The stock had a trading volume of 6,954,997 shares, compared to its average volume of 10,814,048. The firm has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $4.82. The stock has a market cap of $2.27 billion, a P/E ratio of -4.33 and a beta of 4.38. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape has a 12-month low of $3.40 and a 12-month high of $9.52.

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.

NASDAQ:EOSE traded down $0.03 on Friday, reaching $5.97. The stock had a trading volume of 3,839,757 shares, compared to its average volume of 7,601,226. The company has a 50-day moving average of $4.46 and a 200 day moving average of $4.27. Eos Energy Enterprises has a 12-month low of $0.62 and a 12-month high of $6.89. The stock has a market cap of $1.35 billion, a P/E ratio of -2.48 and a beta of 2.11.

Enovix (ENVX)

Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.

Shares of NASDAQ:ENVX traded down $0.05 on Friday, reaching $6.43. 2,429,867 shares of the company traded hands, compared to its average volume of 6,105,598. The company’s 50 day moving average is $7.02 and its 200-day moving average is $9.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.77 and a quick ratio of 3.61. The stock has a market capitalization of $1.23 billion, a PE ratio of -4.43 and a beta of 1.99. Enovix has a fifty-two week low of $5.27 and a fifty-two week high of $18.68.