7 Best Lithium and Battery Stocks to Buy Right Now

5. Lithium Americas Corp. (NYSE:LAC)

Number of Hedge Fund Holders: 16

Analysts’ Upside Potential as of January 21: 6.17%

Lithium Americas Corp. (NYSE:LAC) is among the Best Battery Stocks.

The Fly reported on January 12, 2026, that Scotiabank reaffirmed its Sector Perform rating and lifted the price objective for Lithium Americas Corp. (NYSE:LAC) to $7 from $5. The company stated that although the growth in EV demand fell short of projections, the lithium market inflection seems to be well-supported.

Lithium Americas Corp. (NYSE:LAC) announced in the last quarter that it has received support from the United States Administration, General Motors, and other partners to promote large-scale lithium manufacturing and to improve the U.S. supply chain. The project is more certain now that the first DOE loan drawdown has been received. During the quarter, $145.9 million in construction capital costs were capitalized, totaling $720.0 million in capitalized costs. The engineering design is more than 80% complete, and the Phase 1 processing plant’s mechanical completion is scheduled for late 2027. Steel column installation, plant road completion, laydown yards, and pipe-rack section fabrication are important turning points.

Lithium Americas Corp. (NYSE:LAC) is a manufacturer of pure-play lithium.