10 Best Materials Stocks to Invest in According to Wall Street Analysts

8. PureCycle Technologies, Inc. (NASDAQ: PCT)

Analyst Upside Potential: 159.86%

PureCycle Technologies, Inc. (NASDAQ: PCT)’s Ironton, Ohio, plant produced 5.2 million pounds of recycled resin in the third quarter, up from 4.5 million in the June quarter. Revenue fell to $2.3 million from $4.5 million in the prior quarter and $2.4 million a year earlier. Operating issues at the plant and customer delays contributed to the decline. The company posted a $37.5 million operating loss, and a $58.6 million noncash warrant gain helped it report $6.9 million in GAAP net income.

A New Jersey regulatory extension pushed roughly 15 food-contact programs out of the fourth quarter. Management estimates those programs could eventually use about 50 million pounds of resin a year. Two cold-cup programs qualified, but the company was still negotiating the supply agreement. It began shipping resin by rail for hot-drink lids in October.

PureCycle ended September with $109 million in cash and equivalents and an undrawn $200 million revolver. Management expects lower project spending in 2027. Order timing will determine how quickly Ironton can spread its costs over more sales. Our 10 Best Recycling Stocks to Buy According to Hedge Funds covered the company when it made its first resin sales.

7. Lithium Americas Corp. (NYSE:LAC)

Analyst Upside Potential: 161.66%

Lithium Americas Corp. (NYSE:LAC) expects to spend $1.3 billion to $1.6 billion on Phase 1 of Thacker Pass in 2026. That spending makes the construction schedule central to the Nevada lithium developer’s cash needs. At the end of June, it held $1.28 billion in cash and restricted cash, including $530.3 million at the project joint venture. A $342 million June advance brought cumulative U.S. Department of Energy loan draws to $1.21 billion.

Management said the plant was moving into piping and electrical work and targeted site energization for the fourth quarter of 2026. It expects mechanical completion in late 2027 and a ramp toward commercial production through 2028. Phase 1 has a design capacity of 40,000 tonnes of battery-grade lithium carbonate a year. Until sales begin, a delay can extend the period of spending before the project generates cash. Our 7 Best Lithium and Battery Stocks to Buy Right Now covered the earlier financing and construction work.

The June-quarter net income of $2.2 million attributable to shareholders, versus a $12.4 million loss a year earlier, included gains on the valuation of warrants and a derivative. Thacker Pass had yet to generate commercial lithium revenue.

6. Osisko Gold Group Inc. (NYSE:OGG)

Analyst Upside Potential: 168.24%

Osisko Gold Group Inc. (NYSE:OGG) lowered its year-end target for underground development at Cariboo to about 360 meters a month from 500, noting slower excavation and winter construction constraints. The company estimated the British Columbia gold project was 28% complete at September 30, based on costs incurred. It kept its target of a first gold pour in the first quarter of 2029 and commercial production in the second half. Slower excavation could raise costs ahead of the mine’s first sales.

Osisko’s current sales come from small-scale activity at Tintic in Utah. Its second-quarter revenue rose to C$32.7 million from C$6.9 million a year earlier as it sold 5,547 ounces of gold. The company reported a C$8.1 million operating income, and ended June with C$837.3 million in cash and equivalents.

In September, Osisko closed a US$600 million senior secured note offering at 9.25% and used part of the proceeds to repay its previous project facility. Management expects its funding to carry Cariboo through commercial production. Our 11 Best Gold Stocks to Buy for 2026 covered an earlier financing round, when the company still went by Osisko Development.

5. Lithium Argentina AG (NYSE:LAR)

Analyst Upside Potential: 185.24%

Lithium Argentina AG (NYSE:LAR) wants the cash from its existing brine operation to help fund the next stage of growth. A September scoping study examined adding 45,000 tonnes of annual lithium carbonate equivalent capacity at Cauchari-Olaroz.

Management plans to start with a 10,000-tonne module and expects to fund the expansion through project cash flow and debt. The company also closed a separate $180 million strategic investment in September. A phased build limits the capital needed upfront, while weaker lithium prices could leave less cash for later phases.

Higher realized lithium prices lifted Lithium Argentina’s share of Cauchari-Olaroz earnings to $12.3 million in the June quarter from a $400,000 share of loss a year earlier. The company earned $1.3 million, reversing a $4.1 million net loss. Exar, the project operator, generated $174 million in revenue and $142.4 million in operating cash flow, compared with $15.3 million of cash use a year earlier.

7 Best Steel and Metal Stocks to Buy for Energy Infrastructure looks at where Lithium Argentina fits in the supply chain for batteries and energy storage.