ABAT Overreaction on Grant Pull Presents Buy Opportunity
"American Battery Technology Corp., ticker symbol ABAT. While ABAT is a US-based firm building a vertically integrated lithium supply chain, the company saw a big sell-off after the DOE pulled a $57 million grant for its Reno based lithium project. I would argue that whatever the sell-off is if it continues this week or if it bottoms this week, the overall bigger picture is that it's a complete overreaction. I think this is going to change absolutely nothing for the company, and once it bottoms, ABAT has a lot of potential due to strong domestic lithium demand."
The speaker contends that ABAT’s significant sell-off following a $57 million grant pull is an overreaction. He believes that, once the stock bottoms, the company’s strong domestic lithium focus will drive long-term value, presenting a potential buying opportunity.
Company CommentaryBullish High ConvictionScore: 8.0
Company Opinion •ZipTrader • 5 days ago