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 Holdings Corp (NYSE:LICY) stock fell after announcing engagement with Moelis & Company LLC to evaluate financing and strategic alternatives. The company reported Q3 revenue of $4.7 million, surpassing estimates, and an adjusted loss per share better than expected. Li-Cycle is also taking steps to conserve cash following the pause in the Rochester Hub project.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 4:58 pm

In Tuesday's pre-market session, several industrial stocks showed significant movement. Gainers included BioNexus Gene Lab (BGLC), Jet AI (JTAI), Beam Glb (BEEM), Broadwind (BWEN), Sunworks (SUNW), and Microvast Holdings (MVST), with increases ranging from 6.34% to 15.1%, largely attributed to recent Q3 earnings releases. Losers were Applied UV (AUVI), Bridger Aerospace Gr (BAER), Li-Cycle Holdings (LICY), iSun (ISUN), Asure Software (ASUR), and NET Power (NPWR), with declines between 5.26% and 33.3%, also following their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:06 pm

Li-Cycle Holdings Corp. (NYSE:LICY) reported Q3 earnings with an adjusted loss of 19 cents per share, better than the expected 24 cents loss. Revenue was $4.70 million, surpassing estimates of $2.99 million. The company has $137.4 million in cash and equivalents but reported an Adjusted EBITDA loss of $38.9 million. Li-Cycle is working with Moelis & Company LLC to explore financing and strategic alternatives and is reviewing its Rochester Hub project strategy. Shares fell 2.05% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 13, 2023 | 10:32 pm

Li-Cycle Holdings Corp. has engaged investment bank Moelis & Company to explore financing and strategic alternatives to enhance shareholder value. This could include a sale, merger, divestiture, or other options. The company's decision to seek strategic alternatives suggests it is looking to optimize its operations and financial structure amid the growing industry for battery recycling.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:17 pm

Li-Cycle Holdings (NYSE:LICY) reported Q3 earnings with an EPS of $-0.19, beating estimates by 20.83% against an expected $-0.24. Revenue increased by $6.67 million compared to the same period last year. Despite beating this quarter, the company's share price dropped 5.67% the day after last quarter's earnings miss. Historical earnings show mixed results with misses and hits in previous quarters.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 9:15 pm

Li-Cycle Holdings (NYSE:LICY) reported Q3 adjusted EPS of $(0.19), surpassing the $(0.24) estimate, and sales of $4.70M, exceeding the $2.99M estimate. This represents a decrease in losses per share of 18.75% and a sales increase of 339.06% compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 13, 2023 | 9:14 pm

Numerous companies are scheduled to report their earnings on November 13, 2023, both before the bell and after. The list includes a wide range of industries and market caps, with some companies expected to report profits while others are anticipated to report losses. Key companies reporting include Tyson Foods, Henry Schein, and AECOM, with expected earnings per share of $0.29, $1.32, and $0.98 respectively. Other companies like IM Cannabis, Roivant Sciences, and Genius Sports are projected to report losses.

Portfolio Pulse from Benzinga Insights

November 13, 2023 | 11:40 am

Li-Cycle Holdings (NYSE:LICY) is set to release its latest quarterly earnings report on November 13, 2023. Analysts estimate an earnings per share (EPS) of $-0.24. The company's past performance shows a trend of missing EPS estimates, which has led to drops in share price. Shares are currently trading at $1.66 and have fallen 72.91% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 2:01 pm

Several stocks experienced significant movement in Monday's mid-day trading session. Notably, Bluegreen Vacations Holding Corporation (NYSE:BVH) saw a 105.8% increase to $73.11 after announcing its acquisition by Hilton Grand Vacations at $75 per share. Carbon Revolution Public Limited (NASDAQ:CREV) shares jumped 396.2% to $145.49 following a merger with Twin Ridge Capital Acquisition Corp. Verb Technology Company, Inc. (NASDAQ:VERB) shares climbed 59.5% to $0.4086 amid the company announcing new technology integrations for its MARKET.live platform. On the downside, DISH Network Corporation (NASDAQ:DISH) fell 19% to $4.4496 after the company reported third-quarter results and the CEO announced his resignation.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 6:36 pm

During Monday's pre-market session, several industrials stocks experienced significant movement. Gainers included Aenza (AENZ), JE Cleantech Hldgs (JCSE), Li-Cycle Holdings (LICY), Dragonfly Energy Hldgs (DFLI), BEST (BEST), and Jet AI (JTAI). Losers included Tecnoglass (TGLS), Hydrofarm Holdings Group (HYFM), Astra Space (ASTR), C3is (CISS), Singularity Future Tech (SGLY), and Erayak Power Solution Gr (RAYA).

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 1:06 pm

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