Why Shares of Lithium Americas Powered Higher Today

Why Shares of Lithium Americas Powered Higher Today

After falling more than 8% in September, shares of Lithium Americas (NYSE: LAC) seem to be off to a strong start this month. With the end of today's trading session, shares of Lithium Americas soared 5.5%, having retreated slightly from their earlier climb of 6.6%. Taking a bullish stance on shares of Lithium Americas, Charles Neivert, an analyst at Piper Sandler, assumed coverage of the stock and assigned an overweight rating.