Streetbeat News

LICY

Li-Cycle Holdings Corp.

Industry

Waste Management

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Ontario.

Open

2.28

Mkt cap

48M

Volume

1.4M

High

2.32

P/E Ratio

-0.37

52-wk high

15.36

Low

2.00

Div yield

N/A

52-wk low

1.22

Li-Cycle announced progress in its comprehensive review, including improving its liquidity position and conducting an internal technical review of the Rochester Hub. The company reported cash and cash equivalents of $71 million as of December 31, 2023, and $35 million as of March 15, 2024, excluding $10 million in restricted cash. Following the pause in construction of the Rochester Hub, Li-Cycle implemented a Cash Preservation Plan on November 1, 2023, leading to significant workforce reductions and decreased non-operational spending to enhance liquidity.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:38 pm

Li-Cycle Holdings' shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 7:41 pm

Li-Cycle Holdings (NYSE:LICY) reported Q4 earnings of $0.38 per share, surpassing the $(0.20) estimate, with sales of $6.40M beating the $2.45M estimate. This represents a significant improvement over the previous year's losses and sales figures.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 7:40 pm

In Monday's intraday session, several industrials stocks showed significant movement. Solidion Technology (STI) led the gainers with a 77.1% increase, while Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026 (BWSN) led the losers with an 18.8% decrease. Notably, companies like NuScale Power (SMR), Li-Cycle Holdings (LICY), and Babcock & Wilcox (BW) had their Q4 earnings reports influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:31 pm

In Friday's pre-market session, several industrials stocks showed significant movement. Notably, Jet AI, Solidion Technology, and American Rebel Holdings were among the top gainers, with Jet AI leading at a 57.3% increase. On the downside, C3is experienced a significant drop of 66.2%, followed by Babcock & Wilcox and NuScale Power due to their Q4 earnings reports. Other stocks such as Desktop Metal, Li-Cycle Holdings, voxeljet, Gaucho Group Holdings, ShiftPixy, and OceanPal also saw movements.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

In Wednesday's intraday session, several industrials stocks experienced significant movements. Li-Cycle Holdings (LICY) led the gainers with a 28.5% increase, while voxeljet (VJET) saw the largest decrease among the losers, dropping 47.7%. Other notable movers included Swvl Holdings (SWVL), Caravelle Intl Gr (CACO), and ZIM Integrated Shipping (ZIM), which released its Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:31 pm

Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

Li-Cycle Holdings Corp (LICY) shares surged 20% to $0.70 after announcing a $75 million investment from Glencore plc through a senior secured convertible note agreement. This investment is intended to enhance Li-Cycle's liquidity during its strategic review process, particularly for the paused Rochester Hub project. Glencore will also gain increased representation on Li-Cycle's board. Li-Cycle plans to announce its full-year 2023 financial results by March 15.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:14 pm

Li-Cycle's stock is trading higher following the announcement of a $75 million senior secured convertible note agreement with an affiliate of Glencore.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:15 pm

In Wednesday's pre-market session, several industrials stocks showed significant movement. Li-Cycle Holdings, ShiftPixy, Expion360, VCI Global, Full Truck Alliance Co, and TTEC Holdings were among the gainers, with Li-Cycle Holdings leading with a 36.3% increase. On the downside, voxeljet, noco-noco, ZIM Integrated Shipping, Roma Green Finance, Energy Vault Holdings, and Solidion Technology experienced declines, with voxeljet dropping the most at 35.6%. Notably, Full Truck Alliance Co, ZIM Integrated Shipping, and Energy Vault Holdings had recent earnings reports influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:06 pm

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