Li-Cycle: Set To Achieve EV Battery Recycling Leadership Despite Near-Term Hiccups

Oct. 06, 2022 6:49 AM ETLi-Cycle Holdings Corp. (LICY)2 Comments

Summary

  • Li-Cycle continues to gain traction commercially with 2 new projects announced.
  • Delay in Arizona and Alabama Spoke as a result of the need to optimize operations to achieve targeted throughput is a necessary step for the successful future spoke rollout.
  • The company will benefit from the Inflation Reduction Act as energy resilience becomes a top priority in the United States.
  • Li-Cycle continues to have sufficient funding for its planned future growth and its balance sheet remains robust.
  • My target price for Li-Cycle is $13.10, implying an upside potential of 132% from current levels.

Car battery recycling. Green energy. Background from accumulator

Bet_Noire

Li-Cycle (NYSE:LICY) recently reported their recent quarterly result and while it may appear that the delay in the start-up of its spokes is negative, I would argue that this is a temporary setback that is beneficial for Li-Cycle in

Timeline for future operational milestones

Timeline for future operational milestones (Li-Cycle 2Q22 Slides)

This article was written by

Simple Investing profile picture
3.42K Followers
High conviction growth and value ideas for long-term outperformance

I am a portfolio manager with experience working for a hedge fund and a long-only equity fund with more than $1 billion in assets under management and I have a track record for outperformance in my portfolio. I have been writing consistently, with an article published each day on Seeking Alpha and on my Marketplace service.

Focused on long term investing, I believe in a barbell strategy in a portfolio, where there are both growth and value elements, which will be reflected in my articles. 

I will be running a Marketplace service, Outperforming the Market, where I will share with you The Barbell Portfolio, which consists of high conviction growth and value stocks to help you outperform in the long-term, as well as The Price Target Report, which tells subscribers how much discount the stock is trading to intrinsic value and the upside potential. Lastly, subscribers will be able to get direct access to me and can ask me anything about the investment process or stock picks.

CFA charter holder and graduated with degrees in Finance and Accounting.

Disclosure: I/we have a beneficial long position in the shares of LICY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.