LITHIUM ETF - 4 times Higher Already 🚀👷🔋LITHIUM is FLYING!
Check our idea/post from June 17th of last year as well as November 2020
It was obvious fundamentally that this was going to happen, for one too many reasons you can read about in those 2 previous posts.
If something has changed is only positive, with Lithium Americas, Albemarle, and JinkoSolar Stocks went off like rockets on Monday, responding to a Biden administration plan to quadruple the share of green energy in America's economy by 2030.
President Joe Biden calls for 80% green energy in the U.S. Renewable energy stocks react.
Long story short, the Biden administration's proposal for "greening" the U.S. economy could be great news for both solar stocks and lithium stocks -- if the revolution happens. On a more cautionary note, WSJ observes that while you shouldn't "bet against a committed U.S. federal government and a supportive populace," the plan "envisions triple-digit billions of dollars of tax credits for clean energy over the course of a decade. But aren't in the bipartisan infrastructure bill" currently working its way through Congress.
It's not yet certain that either Congress or voters will support spending "triple-digit billions" to subsidize green energy -- or pay the higher tax bills that those subsidies imply. In the meantime, S&P Global data shows that none of the three stocks named is currently generating positive free cash flow from their businesses. Unless subsidies are forthcoming, it remains to be seen if they can be profitable on their own.
One Love,
Let's go to 110 LIT ETF,
the FXPROFESSOR 🔋🔋🔋🔋🔋
