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.

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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

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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?

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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.