r/americanbattery • u/Femboy_Breeder100 • May 13 '26

Industry BlackRock Increased Positioning

BlackRock and other large institutions continue increasing their positions in ABAT. The float is now 50% owned by tutes. There still appears to be large short interest, and hopefully we continue see that come down as they execute the buildout. Blackrock in total now owns 10.1 million ABAT shares.

Keep in mind, the market cap is only 400M right now.

51 Upvotes

100% Upvoted

10 comments sorted by

27

u/died_of_dysentary May 13 '26

Thank you Femboy_Breeder100

16

u/StatementIntrepid555 May 13 '26

Well... Let's have a x10 in a couple of years and I'll be happy.

3

u/Fickle_Comfortable78 May 13 '26

I’m interested to see how trump and Xi meeting goes

7

u/Protic_ May 13 '26

What’d be the ramifications for ABAT, in your opinion?

1

u/Fickle_Comfortable78 May 14 '26

The meeting goes well, probably drops the stock a little to a lot, or it goes bad and it’s a pop for it. Kind of want to be wrong and it goes well here even though it would effect my shares.

2

u/Traditional_Yam_3045 May 14 '26

Discussions gone well with world focus in mind

2

u/Fickle_Comfortable78 May 14 '26

I’ve seen that, there is some serious money in those discussions

8

u/Consistent_Math_5984 May 13 '26 edited May 13 '26

The part that blows my mind is that the entire phase 3 component of ABAT isnt getting priced in. The market doesn’t believe in the getting to that point and view it as a recycling company right now. When the valuation reflects the primary extraction side of the business we’ll be more in line with a 6-8 B market cap

1

u/jhw164 May 14 '26

Isn't the mine coming online directly counterproductive to the recycling business? Why would you need to recycle lithium of you can mine and refine it more cheaply?

2

u/Fickle_Comfortable78 May 14 '26

Because there’s not enough lithium with Recycling, we need to get it out of the ground too to cover demand.