Li-Cycle Holdings: Not A Buy After The Recent Run-Up [Seeking Alpha]
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Seeking Alpha
However, I am concerned about the escalating project costs, management's execution track record, and the dilutive financing terms. I prefer remaining on the sidelines post the recent run-up in the stock price. I last covered Li-Cycle ( NYSE: LICY ) in 2022. I liked the company's prospects at that time given its exposure to Lithium recycling, the favorable government incentives from the U.S. and European countries for the industry, the company's differentiated technology which provided higher yield and lesser waste, and the backing from strong strategic partners like LG, Glencore ( OTCPK:GLCNF OTCPK:GLNCY ), Traxys, etc. While things were going ok for the company till 1H23 and the stock was trading sideways around mid-single digits, the situation took a downturn in the back half of 2023 as the company announced a significant cost escalation for its Rochester hub project. The company was initially expecting Rochester hub to cost ~$560 mn but that escalated to $850 mn to $1 bn r
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LICY
News
- Li-Cycle Holdings Corp. (NYSE: LICY) had its "neutral" rating re-affirmed by analysts at Chardan Capital. They now have a $0.75 price target on the stock.MarketBeat
- Black Mass Recycling Market Report 2024: Global Trends, Forecast and Competitive Analysis 2018-2030 - Opportunities in Automotive, Consumer electronics, Energy, Aerospace and Defense, and Construction [Yahoo! Finance]Yahoo! Finance
- Argan, 1847 Holdings, C3is among industrial movers [Seeking Alpha]Seeking Alpha
- Li-Cycle to Host Annual General and Special Meeting of Shareholders on Thursday, May 23, 2024 at 8:30 a.m. (ET) [Yahoo! Finance]Yahoo! Finance
- Li-Cycle to Host Annual General and Special Meeting of Shareholders on Thursday, May 23, 2024 at 8:30 a.m. (ET)Business Wire
LICY
Earnings
- 11/13/23 - Miss
LICY
Sec Filings
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- 4/29/24 - Form 8-K
- LICY's page on the SEC website