Why this ASX battery materials stock could rocket 60%

MotleyFool04-18

The battery materials industry has been largely a sea of red over the last 12 months. However, there has been at least one exception. During this time, the Alpha HPA Ltd (ASX: A4N) share price has ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy this ASX battery materials stock could rocket 60%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-18 12:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/04/18/why-this-asx-battery-materials-stock-could-rocket-60/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The battery materials industry has been largely a sea of red over the last 12 months.\nHowever, there has been at least one exception.\nDuring this time, the Alpha HPA Ltd (ASX: A4N) share price has ...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/18/why-this-asx-battery-materials-stock-could-rocket-60/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4581","symbol_name":"高盛持仓","start_time":0,"source_url":"https://www.fool.com.au/2024/04/18/why-this-asx-battery-materials-stock-could-rocket-60/","article_id":"2428538183","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428538183","pubTimestamp":1713414116,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The battery materials industry has been largely a sea of red over the last 12 months.However, there has been at least one exception.During this time, the Alpha HPA Ltd  share price has actually managed to rise by almost 11%.As a comparison, Core Lithium Ltd  shares are down 85% and Syrah Resources Ltd  shares are down 70%.The even better news is that one leading broker believes this ASX battery materials stock can rise significantly more over the next 12 months.What is being said about this ASX battery materials stock?Commenting on the news, the ASX battery materials stock's managing director, Rimas Kairaitis, commented:. A4N's high purity aluminium products have value adding applications across lithium ion battery, micro-LED and semiconductor manufacturing, technologies at the forefront of the global decarbonising and reshoring themes. We assume the HPA First Project Stage 2 is developed over 2024-25 for first production in 2026 and estimate EBITDA of over $250m at steady state at a H","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4581":"高盛持仓","CXO.AU":"CORE LITHIUM LTD","XAO.AU":"标普/澳交所 普通股指数","BK4588":"碎股","XJO.AU":"标普/澳交所 200指数","BK7504":"锂钴概念","BK4504":"桥水持仓","ARKG":"ARK Genomic Revolution ETF","XKO.AU":"标普/澳交所 300指数","SYR.AU":"SYRAH RESOURCES LTD","BK7095":"多种金属与采矿","EFA":"欧澳远东指数 ETF-iShares MSCI","BK7507":"资源股","A4N.AU":"ALPHA HPA LTD","BK4585":"ETF&股票定投概念","BK7017":"商品化工"},"translate_title":"为什么ASX电池材料公司的股票能飙升60%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"A4N.AU":1,"ARKG":1,"CXO.AU":1,"EFA":1,"SYR.AU":1,"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"The battery materials industry has been largely a sea of red over the last 12 months.\nHowever, there has been at least one exception.\nDuring this time, the Alpha HPA Ltd (ASX: A4N) share price has actually managed to rise by almost 11%.\nAs a comparison, Core Lithium Ltd (ASX: CXO) shares are down 85% and Syrah Resources Ltd (ASX: SYR) shares are down 70%.\nThe even better news is that one leading broker believes this ASX battery materials stock can rise significantly more over the next 12 months.\nWhat is being said about this ASX battery materials stock?\nFirstly, there was some big news this week that you need to know about.\nThat news was that Alpha HPA has received conditional approval for $320 million in project loan facilities and an $80 million cost overrun facility for Stage 2 of the HPA First Project.\nThese funds are from the Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA), with support provided under the Australian Government's $4 billion Critical Minerals Facility and EFA's Commercial Account.\nCommenting on the news, the ASX battery materials stock's managing director, Rimas Kairaitis, commented:\n\nWe are delighted to receive extensive and attractive financing support from the Australian Government. This financing support represents a comprehensive endorsement of the Company's technology and business strategy.\nThis key milestone brings Alpha one step closer to establishing Australia's first, sovereign, large scale commercial capability to manufacture high purity aluminas and related products to support key high technology growth sectors driving the global energy transition. This support, combined with the deep and positive end-user engagement, consolidates our confidence in this unique business opportunity.\n\nBroker response\nIn response to the funding, analysts at Bell Potter reaffirmed their speculative buy rating and lifted their price target on the company's shares to $1.75.\nBased on its current share price, this implies potential upside of approximately 60% for investors over the next 12 months.\nCommenting on the funding news, the broker said:\n\nThe $320-400m in Government-backed concessional debt facilities are a major de- risking catalyst (we had assumed $300m) with extended tenor and what we expect to be a highly competitive cost of funds.\n\nLooking ahead, Bell Potter believes the HPA First Project could deliver big profits in the future. It adds:\n\nA4N's high purity aluminium products have value adding applications across lithium ion battery, micro-LED and semiconductor manufacturing, technologies at the forefront of the global decarbonising and reshoring themes. We assume the HPA First Project Stage 2 is developed over 2024-25 for first production in 2026 and estimate EBITDA of over $250m at steady state at a HPAe price of US$25/kg.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428538183"}