5 Cheap Lithium Stocks to Buy Today

In this article, we discuss the 5 cheap lithium stocks to buy today. If you want to read about some more lithium stocks available at bargain prices, go directly to 10 Cheap Lithium Stocks to Buy Today. 

5. Piedmont Lithium Inc. (NASDAQ:PLL)

Number of Hedge Fund Holders: 11 

Share Price as of September 13: $61.62 

Piedmont Lithium Inc. (NASDAQ:PLL), an exploration stage company, engages in the exploration and development of resource projects in the US. In early September, the company announced that it had selected Etowah in Tennessee as the location of a planned 30,000 metric tons per year lithium hydroxide operation. The plan is part of a larger push in the US to develop domestic supply chains for raw materials critical to energy transition policies. The facility will be the largest of its kind in the US. 

In late June, Cowen analyst David Deckelbaum maintained an Outperform rating on Piedmont Lithium Inc. (NASDAQ:PLL) stock with a price target of $90, noting that the firm was a best small mid-cap, catalyst rich name, and a North American lithium growth story. 

At the end of the second quarter of 2022, 11 hedge funds in the database of Insider Monkey held stakes worth $30 million in Piedmont Lithium Inc. (NASDAQ:PLL), compared to 20 the preceding quarter worth $73 million.