10 Best Battery Stocks To Buy According To Analysts

4. Lithium Americas Corp. (NYSE:LAC)

Analysts Upside Potential as of March 10: 63.43%

Number of Hedge Fund Holders In Q4 2024: 10

Lithium Americas Corp. (NYSE:LAC) may not be the largest lithium producer in the world, but it is an important player. Although its market cap and production capacity are lower than those of giants like Albemarle Corp. (NYSE:ALB), the company’s projects in North America and Argentina are critical to the industry. Its Thacker Pass project in Nevada is considered North America’s largest known lithium resource.

And investors believe in the company’s potential. On March 5, 2025, the company announced a strategic investment of $250 million from Orion Resource Partners. The proceeds are expected to help the company fund running projects, particularly the development and construction of Phase 1 of the Thacker Pass lithium project. The investment includes $195 million in convertible notes and a $25 million Production Payment Agreement, with an additional commitment of $30 million in delayed draw notes within two years.

What makes Lithium Americas Corp. (NYSE:LAC) particularly attractive is its joint venture with General Motors Company (NYSE:GM). Part of the terms for this collaboration is that GM gets exclusive rights to Thacker Pass Phase 1 production volumes for 20 years. The partnership underscores the project’s importance to GM’s electric vehicle ambitions and ensures a steady customer for Lithium Americas’ future production. That is why analysts project a 63.43% upside potential for Lithium Americas Corp. (NYSE:LAC) shares from their current price.