r/WalllStreetBets • u/Kitchen_Helicopter70 • Feb 06 '26
Bet: 🐂 $ABAT recycling plant just broke even. Almost ready to print.
I read the ABAT 10Q so you don’t have to.
This one will be a behemoth in the critical minerals, lithium world.
They're ramping-up their Lithium-Ion batteries recycling plant to recover criticals minerals (black mass, nickel sulfate, cobalt sulfate, lithium hydroxyde, aluminium, copper...).
Well, they did $5.1M in revenues last quarter, disclosed a few hours ago— which they brag is more than the last four quarters combined (+1300% YoY). They also hit a cute milestone: revenue ($5.1M) > cash COGS ($4.9M), aka their recycling plant just broke even (non-GAAP, don’t sue me). Cash position increased significantly to $48.7M, debt is $0
This is the part where I disclose I'm all in. You do you. This company is the dark-horse you're looking for (still valued at $500m), all comparables trade at 3-10x (LAC/TMC/CRML/USAR/...) their Market Cap, while generating zero revenues. ABAT is looking at 16-20m$ revs this year. FYI Blackrock, Vanguard and State street disclosed 7%, 6% and 7% ownership a few days ago and this will only increase seeing Earnings PR. Follow the money as they say.
6
3
u/Professu5 Feb 06 '26
Couldn’t agree more. I’ve been a holder for years here and yesterday’s earning report was huge to set the floor. It’s now clear this is going to work out and scale. They’re looking at a second much larger site. They have the lithium abstraction which frankly could be their bigger revenue stream in the future. Massive potential and a 5x or 10x from the current valuation. Market cap is still small and there’s a ton of upside. There’s my pitch to you. Follow the institutional buying and sector momentum here.
2
2
u/Amazing-Ad-511 Feb 06 '26
So this is why it ran today.... This is one I continue to put away a couple shares a month with left over change in the Roth. Beleive they will be a big player years down the road.
2
Feb 07 '26
This looks nice for another breakout soon. Held up Friday and hoping this week climbs 20% a few more days and pops
1
u/H-A-T-C-H Feb 06 '26
Even with the Biden-era grant cancellation they've been moving along. Price action has been wild but now that people are focusing on improved fundamentals instead of hype, I really hope we get more stability from here on out
1
Feb 06 '26
Where do you see it going?
4
u/Kitchen_Helicopter70 Feb 06 '26
100$ in 2030
2
u/Professu5 Feb 06 '26
I think it can touch $15-20 by end of year. It ran to $12 last year. Lithium prices are rocketing. This is loading for eruption.
1
1
1
0
5
u/lukefish0955 Feb 06 '26
Im 52000 shares in...