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7 Lithium Stocks That Will Power the Electric Vehicle Boom in 2021 - 5 of 7

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#5 - Lithium Americas (NYSE:LAC)

If the idea that bigger is better is part of your investment philosophy than Lithium Americas (NYSE:LAC) may not be the stock for you. However, if you’re willing to take a ride on the speculative side, this small Canadian miner may be just what you’re looking for.

As stated above, Lithium Americas is a small company (only about $720 million), but the company has an intriguing story that leads back to Tesla. One of the company’s two projects is in Nevada where Tesla has its Gigafactory.

Lithium Americas also has a project in Argentina’s “lithium triangle” and with Tesla becoming actively engaged in the lithium market, there are rumors that Tesla may look to acquire Lithium Americas and integrate it for its battery production plant.

And even that doesn’t happen; it’s likely that the company may become a significant supplier for Tesla. The stock is up nearly 50% since the beginning of the year, and has posted a gain of over 400% in the last 12 months.

About Lithium Americas
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Humboldt County in northern Nevada. READ MORE

Current Price: $16.76
Consensus Rating: Buy
Ratings Breakdown: 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $20.05 (19.6% Upside)