Lithium Americas stock trades near its yearly low as JPMorgan turns bullish
Published on 09/28/2026 at 15:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lithium Americas stock was last at USD 2.75 on the NYSE on September 25, 2026, down 2.83 percent from the prior session and only 3.00 percent above its 52-week low of USD 2.67. The key counterpoint is JPMorgan's September 9 upgrade from Neutral to Overweight with a USD 6.00 price target, a view that depends on higher lithium prices and successful construction at Thacker Pass.
JPMorgan targets USD 6.00
According to Yahoo Finance on September 25, 2026, JPMorgan upgraded Lithium Americas on September 9 and set the USD 6.00 target. The article said lithium carbonate prices had reached USD 22.30 per kilogram, while detailed engineering at Thacker Pass was more than 95 percent complete and procurement exceeded 80 percent.
The target sits 118.18 percent above the September 25 price of USD 2.75. That spread captures both the potential value of a producing lithium project and the execution risk before commercial output begins.
Profit improves before production
Lithium Americas remained pre-revenue in the second quarter of 2026, but net income attributable to shareholders reached USD 2.2 million, compared with a USD 12.4 million loss in Q2 2025. Loss per share narrowed to USD 0.02 from USD 0.06, according to Yahoo Finance in its September 13, 2026 report.
The improvement was not operating revenue growth. The same report said general and administrative expenses rose 93.6 percent year over year to USD 15.1 million, while gains tied to warrant obligations, convertible debt features and other income supported the quarterly result.
Construction remains the test
Thacker Pass is designed for annual production of 40,000 tonnes of battery-grade lithium carbonate. Lithium Americas targets mechanical completion in late 2027 and commercial production in 2028, leaving financing, dilution and project execution as central variables for the investment case.
The September 25 market snapshot put Lithium Americas at a market capitalization of USD 614.0 million, with 8,788,612 shares traded. The stock's 52-week range of USD 2.67 to USD 10.52 shows how sharply expectations have shifted while the company moves toward production.
Stock stays near yearly low
Lithium Americas last traded at USD 2.75 on the NYSE on September 25, 2026, with a market capitalization of USD 614.0 million. For investors, the USD 6.00 JPMorgan target and the late-2027 construction milestone are the main checkpoints against the stock's current USD 2.67 to USD 10.52 range.
Lithium Americas stock snapshot
- Company: Lithium Americas Corp.
- Ticker: LAC
- Trading venue: NYSE
- Closing price (September 25, 2026): USD 2.75
- Market capitalization: USD 614.0 million (as of September 25, 2026)
- 52-week range: USD 2.67-10.52 (as of September 25, 2026)
- Sector / Industry: Basic Materials / Other Industrial Metals and Mining
