Best Lithium Stocks To Add to Your Watchlist – May 8th

Exxon Mobil, SolarEdge Technologies, Rio Tinto Group, Albemarle, and Eos Energy Enterprises are the five Lithium stocks to watch today, according to MarketBeat’s stock screener tool. Lithium stocks are shares of companies involved in the exploration, mining, processing or commercialization of lithium, a lightweight metal essential for rechargeable batteries in electric vehicles, portable electronics and grid-scale energy storage. As global demand for clean energy and electrification grows, these stocks are often viewed by investors as a way to gain exposure to the rising price of lithium and the expansion of battery-driven 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.

NYSE:XOM traded up $2.26 during trading hours on Thursday, reaching $106.87. The company’s stock had a trading volume of 7,197,234 shares, compared to its average volume of 16,742,986. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil has a one year low of $97.80 and a one year high of $126.34. The business’s 50-day moving average is $109.00 and its 200-day moving average is $111.40. The company has a market cap of $462.24 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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 $2.90 during midday trading on Thursday, hitting $17.67. The company had a trading volume of 5,781,761 shares, compared to its average volume of 4,343,007. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $14.54 and a two-hundred day simple moving average of $14.64. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $58.54. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -0.57 and a beta of 1.50.

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.

Shares of RIO traded down $0.71 on Thursday, reaching $59.31. 1,544,772 shares of the stock traded hands, compared to its average volume of 2,852,075. The stock’s 50-day moving average price is $59.85 and its 200-day moving average price is $61.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.16. The firm has a market cap of $74.37 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 0.42 and a beta of 0.73. Rio Tinto Group has a 12 month low of $51.67 and a 12 month high of $74.24.

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 NYSE ALB traded up $2.38 during mid-day trading on Thursday, hitting $58.44. 1,546,845 shares of the stock were exchanged, compared to its average volume of 2,978,236. The stock’s fifty day simple moving average is $65.16 and its two-hundred day simple moving average is $83.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.95. Albemarle has a twelve month low of $49.43 and a twelve month high of $137.50. The company has a market cap of $6.88 billion, a P/E ratio of -5.22 and a beta of 1.71.

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 NASDAQ EOSE traded down $0.55 during trading on Thursday, reaching $6.13. The company had a trading volume of 8,538,136 shares, compared to its average volume of 7,595,130. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $6.89. The business’s 50 day moving average price is $4.42 and its 200-day moving average price is $4.25. The stock has a market cap of $1.39 billion, a PE ratio of -2.54 and a beta of 2.11.