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Lithium Americas Corp. (LAC - Free Report) closed at $3.79 in the latest trading session, marking a -2.82% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.4%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.

The lithium producer's shares have seen a decrease of 22.93% over the last month, not keeping up with the Basic Materials sector's loss of 14.76% and the S&P 500's loss of 7.34%.

The upcoming earnings release of Lithium Americas Corp. will be of great interest to investors. The company is expected to report EPS of -$0.07, down 40% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.45 per share and revenue of $0 million, indicating changes of +2.17% and 0%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Lithium Americas Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.91% downward. Currently, Lithium Americas Corp. is carrying a Zacks Rank of #3 (Hold).

The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 34% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Posted by Defense World Staff on Apr 13th, 2026

Shares of Lithium Americas Corp. (TSE:LAC – Get Free Report) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$7.00.

A number of brokerages have weighed in on LAC. TD Securities raised Lithium Americas to a “hold” rating in a research report on Monday, February 9th. National Bank Financial reduced their price target on shares of Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a research report on Friday, December 19th.

View Our Latest Research Report on LAC

Lithium Americas Price Performance Shares of TSE:LAC opened at C$5.63 on Monday. Lithium Americas has a fifty-two week low of C$3.40 and a fifty-two week high of C$14.75. The business has a 50-day simple moving average of C$6.11 and a two-hundred day simple moving average of C$7.33. The company has a debt-to-equity ratio of 50.27, a quick ratio of 52.06 and a current ratio of 5.16. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -11.26 and a beta of 1.26.

About Lithium Americas (Get Free Report)

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.

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Lithium Americas Corp. (LAC - Free Report) closed at $4.98 in the latest trading session, marking a +2.89% move from the prior day. This change outpaced the S&P 500's 0.24% loss on the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.26%.

Prior to today's trading, shares of the lithium producer had gained 30.46% outpaced the Basic Materials sector's gain of 6.38% and the S&P 500's gain of 6.42%.

Market participants will be closely following the financial results of Lithium Americas Corp. in its upcoming release. It is anticipated that the company will report an EPS of -$0.07, marking a 40% fall compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.3 per share and revenue of $0 million, which would represent changes of +34.78% and 0%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Lithium Americas Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 30.01% higher within the past month. Right now, Lithium Americas Corp. possesses a Zacks Rank of #3 (Hold).

The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 146, positioning it in the bottom 41% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow LAC in the coming trading sessions, be sure to utilize Zacks.com.

The move follows a sharp reversal—turning a ‘sell-the-news’ dip into a momentum-driven recovery.

LAC: From Groundbreaking To Price ActionChart created using Benzinga Pro

The stock initially slipped after breaking ground at Thacker Pass—classic ‘buy the rumor, sell the news.’ But sentiment flipped fast.

Wedbush analyst Dan Ives’ price target for LAC at $8, points to significant upside—and renewed focus on lithium as a U.S. strategic asset—helped drive a double-digit surge.

Now, the narrative is catching up with the chart.

LAC Technical Setup Is Getting CleanThe structure has improved quickly. Price has reclaimed short-term moving averages and is now pressing against resistance around $5.25.

Momentum indicators are rising but not stretched, and volume has picked up—suggesting real participation behind the move.

This is what early-stage breakouts tend to look like.

$5.25: Why This Level MattersThe $5.25 zone is doing the heavy lifting.

A clean break above it—especially on strong volume—could open a path toward the next psychological level near $6.00. If it fails to break, the stock likely consolidates before another attempt.

Either way, the compression here is the story.

More Than Just A TradeThere's a bigger layer underneath.

Lithium Americas has been tied to the Trump administration’s efforts to secure domestic supply chains, with past interest from policymakers adding a national security angle to the stock. That narrative doesn't move charts on its own—but when it aligns with price action, it tends to amplify moves.

Right now, that alignment is starting to show.

Image via Shutterstock

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Lithium Americas Today

LAC

Lithium Americas

$4.41 +0.26 (+6.36%)

As of 06/11/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$2.47▼

$10.52Price Target$5.56

An unusual surge in bullish options activity for Lithium Americas NYSE: LAC suggests institutional capital is positioning for a significant upside repricing, looking past near-term operational headwinds. On April 28, call option volume soared 197% above the daily average, with over 62,000 contracts changing hands. This aggressive derivatives positioning materializes even as Lithium Americas navigates the financial pressures of a recent earnings miss and a newly activated equity dilution program, signaling that sophisticated investors are focused on a more powerful, structural catalyst.

The market is beginning to digest a fundamental shift in Lithium Americas' risk profile. Recent SEC filings revealed that the U.S. government is not just a lender but a direct equity partner in Lithium Americas' future, a development that re-frames the investment thesis from a speculative mining venture to a quasi-sovereign strategic asset.

Get Lithium Americas alerts:

The Ace in the Hole: DOE's 5% Stake Changes EverythingThe most critical, and perhaps underappreciated, catalyst is the U.S. Department of Energy's (DOE) direct investment in Lithium Americas. An SEC filing from Jan. 30, 2026, disclosed the issuance of warrants to the DOE, granting it the right to purchase a 5% equity stake in Lithium Americas at a nominal exercise price of 1 cent per share. Concurrently, the DOE secured a 5% economic stake in the Thacker Pass joint venture itself.

This arrangement effectively makes the U.S. government a key stakeholder, aligning federal interests with the successful execution of the Thacker Pass project. This sovereign backing complements the previously announced $2.23 billion DOE loan facility and the $625 million joint venture with General Motors NYSE: GM.

The combination of federal and corporate support elevates Thacker Pass from a simple mining asset to a cornerstone of America's domestic electric vehicle (EV) supply chain. For investors, this substantially mitigates long-term political and regulatory risk, providing a structural floor for the asset's valuation.

Despite the robust long-term outlook, investors must weigh significant near-term financial pressures that could induce volatility. The path to production requires navigating a period of peak capital deployment and potential share dilution.

The $250 Million Dilution QuestionAccording to a Form 8-K filed on March 19, 2026, Lithium Americas activated a $250 million At-The-Market (ATM) equity program. This facility allows Lithium Americas to sell shares directly into the market to fund ongoing development, potentially creating an overhang on the stock price. While a necessary tool for financing, the ATM program introduces near-term dilution risk. This headwind makes the concurrent spike in bullish call volume particularly noteworthy, as it suggests options traders are anticipating a catalyst powerful enough to overwhelm the technical pressure from equity issuance.

Peak Spending, Peak Risk: The Billion-Dollar BuildoutLithium Americas is entering its most capital-intensive phase. Management has guided for fiscal year 2026 capital expenditures (CapEx) at the Thacker Pass project to fall between $1.3 billion and $1.6 billion. This spending is critical to achieving mechanical completion, which is targeted for late 2027. This period of high cash burn represents peak execution risk. Any project delays or further cost inflation could strain Lithium Americas's liquidity, making the timely drawdown of the DOE loan and capital injections from the GM joint venture essential for maintaining momentum.

The divergence between near-term risks and long-term potential is clearly reflected in institutional trading patterns. Large, well-capitalized funds appear to be accumulating shares, looking through the current phase of high spending and dilution toward the de-risked, federally backed production asset.

The Institutional Seal of ApprovalOver the last 12 months, institutional inflows have dwarfed outflows, totaling $183.13 million in buying versus just $44.22 million in selling. The most recent quarter saw significant accumulation from major asset managers. VanEck Associates expanded its position by 20.8% to nearly 17.5 million shares. Millennium Management LLC boosted its stake by 35.8%, while Legal & General Group Plc increased its holdings by over 200%. This pattern of accumulation indicates that institutional capital is endorsing the long-term strategic value of the Thacker Pass asset, undeterred by the short-term financial complexities.

Decoding the 62,000-Contract SignalThe 197% surge in call option volume is a powerful indicator of speculative conviction. Such concentrated activity often precedes a significant corporate announcement or a shift in market sentiment. With short interest over 7% of the public float, any sharp upward price movement could trigger a feedback loop of short covering. Traders are closely watching the $5.50 strike price. A decisive break above this level, especially on high volume, could act as a technical trigger, potentially forcing dealers to hedge their positions and accelerating the upward momentum.

Lithium Americas Corp. (LAC) Price Chart for Friday, June, 12, 2026

A New Breed of National AssetThe current market for Lithium Americas presents a classic conflict between short-term uncertainty and long-term strategic value. Lithium Americas' recent earnings miss and ongoing CapEx burn are tangible risks that justify caution. Analyst ratings reflect this split: Wedbush set a bullish $8 price target, while Scotiabank lowered its target to $5, citing dilution concerns.

However, the U.S. government's entry as a direct equity partner fundamentally alters the risk-reward calculation. This sovereign backstop provides a rare layer of security in the mining sector. For investors with a longer time horizon, the current share price may offer an entry point to a strategically vital, de-risked asset essential to the future of North American energy independence. Investors might consider the heavy institutional buying and anomalous options activity as signs that the market is beginning to price in this new reality.

Should You Invest $1,000 in Lithium Americas Right Now?Before you consider Lithium Americas, you'll want to hear this.

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In an exclusive email interaction with Benzinga, Tim Crowley, SVP, Government and External Affairs at Lithium Americas, framed lithium as far more than an EV input. It has "emerged as a cornerstone of our national security, energy independence, and economic competitiveness”—a positioning that aligns closely with the Donald Trump-era push to localize critical mineral supply chains.

That shift is key. While EV demand ebbs and flows, national policy priorities tend to stick—and increasingly point toward domestic sourcing.

Crowley emphasized that Lithium Americas is working "in partnership with our federal, state, and local leaders" to build a U.S.-based lithium supply chain designed to "support high-quality American jobs." The message is clear: this is no longer just a commodity story—it's a strategic one.

Policy Tailwinds Meet ExecutionThat policy backdrop is converging with execution on the ground.

As the company transitions from developer to builder, investor interest is picking up. Crowley noted a "meaningful uptick in institutional engagement," driven by tangible progress rather than long-dated projections.

Detailed engineering is complete. Financing is secured. And perhaps most critically, Thacker Pass remains "on schedule and on budget" for mechanical completion in late 2027.

That combination—policy alignment plus execution visibility—changes the lens through which the stock is viewed.

Beyond The EV NarrativeThe bigger takeaway is that Lithium Americas may be decoupling from the EV cycle narrative.

Instead, it's positioning itself at the center of a broader U.S. push to secure critical mineral supply chains. If that trend continues, lithium demand may increasingly be driven not just by autos—but by national strategy.

And that's a story with far longer legs.

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-

(All amounts in US$ unless otherwise indicated)

VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the appointment of Clayton Walker as an independent member of its Board of Directors (the “Board”) effective immediately.

Mr. Walker has over 25 years of experience leading global mining companies, most recently as former Chief Growth and Development Officer at Rio Tinto where he was responsible for the overall strategic direction and execution of the Copper Growth Portfolio. From 2021-2025, he served as Chief Operating Officer for Rio Tinto’s Copper product group, where he led global teams focused on growth and optimization across a world-class copper portfolio. His responsibilities included oversight of major operations and projects across the Americas, including Rio Tinto Kennecott in Utah and Resolution Copper in Arizona. From 2016-2021, he served as Chief Executive Officer and Executive Chairman of Iron Ore Company of Canada. Prior to that, he spent 15 years in various management roles at Rio Tinto. Mr. Walker holds a Master of Business Administration degree as well as a Bachelor of Science, Metallurgical Engineering degree from the University of Utah.

Kelvin Dushnisky, Executive Chair of the Board, commented: “On behalf of the Board and executive team, I am very pleased to welcome Clayton Walker to the Board. His executive leadership, senior operating experience and technical knowledge, together with his understanding of the U.S. regulatory landscape, will be instrumental as we advance Thacker Pass to production and drive long-term value for our stakeholders.”

ABOUT LITHIUM AMERICAS

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and General Motors Holdings LLC (“GM”) (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S. DOE and strategic investments from GM and Orion Resource Partners LP. The DOE holds warrants to purchase common shares of the Company for a 5% equity stake and JV warrants to purchase a 5% non-voting, non-transferable equity interest in the JV. Lithium Americas’ shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “FLS”). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “proposes,” “potential,” “target,” “implement,” “schedule,” “forecast,” “intend,” “would,” “could,” “might,” “should,” “believe” and similar terminology, or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. FLS in this news release includes, but is not limited to, statements regarding the expected contributions of Mr. Walker following his appointment; statements related to Thacker Pass, including the capacity of Phase 1, targeted mechanical completion, development plans, and project financing; and other statements regarding management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts.

FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company’s current views about future events that, while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Although the Company believes that the assumptions and expectations reflected in such FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company’s actual results could differ materially from those anticipated in any FLS as a result of the risk factors set out in the Company’s continuous disclosure documents available on EDGAR at www.sec.gov and on SEDAR+ at www.sedarplus.ca.

Readers are further cautioned to review the full description of risks, uncertainties and management’s assumptions in the aforementioned documents and other disclosure documents available on EDGAR and SEDAR+.

The FLS contained in this news release is expressly qualified by these cautionary statements. All FLS in this news release speaks as of the date of this news release. The Company does not undertake any obligation to update or revise any FLS, whether as a result of new information, future events or otherwise, except as required by law.

More News From Lithium Americas Corp.

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VANCOUVER, British Columbia--(BUSINESS WIRE)--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced that it has filed its Quarterly Report on Form 10-Q, which includes the Company’s unaudited condensed consolidated interim financial statements (“Financials”) for the three months ended March 31, 2026 (“Q1 2026”), and provided an update on its Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass” or the “Project”).

Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, “Construction at Thacker Pass is accelerating toward mechanical completion in late 2027. There are now over 1,300 workers on site as of mid-May and over 2,000 expected at peak construction. In 2025, we emphasized de-risking project execution and made strategic decisions that have enabled us to focus on execution in 2026 – detailed engineering is almost complete, finances have been secured and global supply chain challenges are being well managed.”

Mr. Evans added, “At a moment when resilient domestic supply chains are more critical than ever, lithium stands out as a strategic resource underpinning both national security and a reliable energy future. We are grateful for the strong partnerships and support from leaders at the federal and state levels. Recent visits to Thacker Pass by U.S. Senators Catherine Cortez Masto and Jacky Rosen, Nevada Governor Joe Lombardo and the U.S. Department of Energy, underscore a shared commitment to strengthening American supply chains, advancing energy independence and creating meaningful American jobs.”

Q1 2026 AND SUBSEQUENT TO Q1 2026 HIGHLIGHTS

As of March 31, 2026, the Company had approximately $1.2 billion total cash and restricted cash, including $529 million at the Thacker Pass joint venture (“JV”) level. On January 26, 2026, the Company completed an at-the-market (“ATM”) equity program established on November 13, 2025 (the “November 2025 ATM Program”). The Company issued and sold an aggregate total of 43.3 million common shares at an average price of $5.78 per share pursuant to the November 2025 ATM Program, for aggregate net proceeds of $246.7 million after sales agent’s commission and other expenses. Of these amounts, during Q1 2026, the Company issued and sold 32.5 million common shares at an average price of $5.92 per share, for aggregate net proceeds of $189.7 million after sales agent commission and other expenses. On February 24, 2026, the Company received its second advance on the U.S. Department of Energy (the “DOE”) loan (“DOE Loan”) of $432 million. On March 19, 2026, the Company entered into an ATM equity program, pursuant to which the Company may sell its common shares, no par value, up to a maximum aggregate offering price of $250 million (the “March 2026 ATM Program”). Use of net proceeds for the March 2026 ATM Program includes general corporate purposes, which may include funding of corporate and project overhead expenses, financing of capital expenditures, repayment of indebtedness and additions to working capital. As of March 31, 2026, the Company did not issue or sell any common shares nor receive any net proceeds pursuant to the March 2026 ATM Program. Subsequent to March 31, 2026, the Company issued and sold an aggregate total of 2.3 million common shares at an average price of $5.20 per share pursuant to the March 2026 ATM Program, for aggregate net proceeds of $11.2 million after sales agent commission and other expenses. As of May 13, 2026, the Company had 351,062,478 shares issued and outstanding. On January 30, 2026 (the “Issuance Date”), pursuant to the omnibus waiver, consent and amendment (as amended, the “OWCA”) entered into by the Company and the DOE on October 7, 2025, the Company issued to the DOE a warrant to purchase up to 18,268,687 common shares, which was equal to 5% of the Company’s outstanding total shares as of the Issuance Date, at an exercise price of $0.01 per share (the “LAC Warrant”), exercisable for ten years from the Issuance Date, subject to customary anti-dilution adjustments and other terms set forth in the LAC Warrant. Additionally, the JV issued to the DOE a warrant to purchase 8,656,509,695 non-voting units of the JV, which was equal to a 5% economic interest in the JV as of the Issuance Date, at an exercise price of $0.0001 per unit (the “JV Warrant”), exercisable for ten years from the Issuance Date, subject to customary anti-dilution adjustments and other terms set forth in the JV Warrant. The Company continues to progress major construction of the processing plant at Thacker Pass Phase 1, targeting mechanical completion in late 2027. As of March 31, 2026: A total of 2.43 million workhours completed at Thacker Pass without a serious injury or lost-time incident, and a total recordable incident frequency rate of 0.25. A total of $1.3 billion of construction capital costs and other project-related costs have been capitalized, of which $1.1 billion is part of the total capital expenditure (“Capex”) estimate of $2.93 billion per the Company’s Technical Report entitled “NI 43-101 Technical Report on the Thacker Pass Project Humboldt County, Nevada, USA,” effective December 31, 2024 (“Technical Report”). The Company continues to target a total capex range of $1.3 billion to $1.6 billion for Thacker Pass Phase 1 for fiscal year 2026. See the Capital Expenditure and 2026 Capex Guidance section below for more details. Detailed engineering design completed surpassed 95%, while procurement was over 70% complete, including the shipment of major plant materials and equipment. There were approximately 1,065 personnel on site, expected to increase to over 2,000 in the second half of 2026. There were over 1,000 workers residing at the Company’s all-inclusive housing facility for construction workers in Winnemucca (the “Workforce Hub” or “WFH”). Long-lead equipment has been arriving to either Thacker Pass or the fabrication yard in Winnemucca, including the 115KV Main Transformer, Auxiliary Boiler, Air Cooled Heat Exchangers, Fin Fan Cooler, Duplex Stack and Bicarbonate Reactors. Additional long-lead items that have started their delivery to site include the Thickener Steel and Shell Plates, Filter Presses, Steam Turbine Generator and SS Converter. Outstanding long-lead items are expected to be delivered throughout 2026, along with other equipment and construction materials. Over 75% of the structural steel for Thacker Pass, which is sourced from the United Arab Emirates, is in transit or has arrived on site at Thacker Pass or the laydown yard in Winnemucca. The Company and Bechtel have worked with the steel supplier to attempt to limit the effects of the Middle East conflict, including the closure of the Strait of Hormuz, to minimize impacts on the fabrication and shipment of steel to Thacker Pass. Predominantly, the Company has successfully re-routed steel through the Port of Jeddah. Development milestones achieved to date at Thacker Pass include: The first cable pulls on the module pipe racks commenced in March 2026. Structural steel at the Filter Building progresses, with the second floor being installed. Installation of key equipment commenced at the following facilities: Bicarbonate Reactors for the Lithium Carbonate Crystallizer, Pillers for Magnesium Sulfate, Air Compressors and Conveyor Tail Pulley’s for the Filter Building, Thickener Steel and Shell Plants in the Countercurrent Decantation and Run-of-Mine areas, and Fin Fan Coolers and SS Converter for the Sulfuric Acid Plant. Given the advanced level of detailed engineering, the Company has commenced a definitive capital estimate, targeting completion in the second half of 2026. Advanced levels of engineering and procurement is expected to enable the team to estimate remaining quantities and materials with higher confidence. The Company will use current data to assess remaining labor needs and productivity rates for the estimate and will incorporate recent unexpected developments including the implications of tariffs, the Middle East conflict impacts, fuel price increases and other inflationary increases that were not included in the total Capex estimate of $2.93 billion per the Company’s Technical Report. The total Capex estimate of $2.93 billion did not include any exposure to tariffs. The Company estimates the total potential exposure to tariffs for Thacker Pass Phase 1 construction costs to be approximately $80 million to $120 million, the majority of which is expected to be incurred during 2026. Work to enhance reliability for grid power from the local electric utility cooperative, by upgrading six regional substations and switching stations, was completed in March 2026, ahead of schedule. Construction at the Company’s Transload Terminal (“TLT”) west of Winnemucca commenced in March 2026, with completion targeted in 2027 to align with start up at Thacker Pass. The TLT is approximately 60 miles from Thacker Pass, adjacent to the rail line, and is intended to support operations by serving as a critical logistics hub for the Project’s reagents. CAPITAL EXPENDITURE AND 2026 CAPEX GUIDANCE

As of March 31, 2026, a total of $1.3 billion of construction capital costs and other project-related costs have been capitalized, of which $1.1 billion is part of the total Capex estimate of $2.93 billion per the Company’s Technical Report. The Company continues to target a total Capex range of $1.3 billion to $1.6 billion for Thacker Pass Phase 1 for fiscal year 2026.

The table below summarizes Capex during the quarter ended March 31, 2026, cumulative Capex to March 31, 2026, as well as the Company’s 2026 Capex guidance.

(US$)

For the quarter
ended March 31, 2026

Cumulative to
March 31, 2026

Fiscal Year 2026
Capex Guidance

Thacker Pass Phase 1 construction costs included in the total $2.93 billion Capex estimate(1)(2)

$275.5 million

$1,138.1 million

$1.2 - $1.5 billion

Other capitalized development costs for Thacker Pass(3)

$8.3 million

$101.4 million

$30 - $40 million

Capitalized interest, including the Orion Note and DOE Loan

$10.7 million

$37.7 million

$45 - $55 million

Total

$294.5 million

$1,277.2 million

$1.3 - $1.6 billion

Capex Notes:

(1)

Thacker Pass Phase 1 construction costs cumulative to March 31, 2026 and those estimated for fiscal year 2026 do not include $14.1 million and $8.0 million, respectively, of community contributions that are required to be expensed under U.S. GAAP, though these were included in the $2.93 billion Capex estimate per the Company’s Technical Report.

(2)

Thacker Pass Phase 1 construction costs as of March 31, 2026, and those estimated for 2026, include actual tariffs incurred (through March 31, 2026) and estimated tariff exposure, primarily for equipment and construction materials sourced from Canada, China, India, UAE, Turkey and the European Union. The Company has been working toward limiting the effect of any potential tariffs on its construction supply chain, with approximately 75% of the total capital project cost structure related to labor, contractors and other services not expected to be directly affected by any potential tariffs. The Company continues to closely monitor potential tariff exposure; however, changes in tariffs and trade restrictions can be announced with little or no advance notice.

(3)

Other capitalized development costs are required to be capitalized under U.S. GAAP, though these were not included in $2.93 billion Capex estimate per the Company’s Technical Report.

FINANCIALS

Selected consolidated financial information is presented as follows:

(in US$ million except per share information)

Three months ended March 31,

2026

2025

$

$

Operating expenses

11.1

6.5

Net income (loss)

4.6

(11.5

)

Net loss per share – basic and diluted - attributable to common stockholders

0.00

0.05

(in US$ millions)

As at March 31, 2026

As at December 31, 2025

$

$

Cash and restricted cash

1,207.6

905.6

Total assets

3,112.7

2,579.0

Total long-term liabilities

1,071.1

815.6

During the three months ended March 31, 2026, net income increased to $4.6 million from a net loss of $11.5 million in the comparable year period, primarily due to a gain on the fair value of the embedded derivative associated with the senior unsecured convertible notes with an aggregate principal amount of $195.0 million (the “Notes”) with fund entities managed by Orion Resource Partners LP (collectively, “Orion”). This non-cash, fair value gain on the embedded derivative primarily reflects the impact of a decrease in the Company’s share price from $4.36 at December 31, 2025 to $3.95 at March 31, 2026. Other income also increased, primarily driven by higher interest income due to higher balances in interest generating bank accounts, driven largely by proceeds from the ATM programs executed during the year ended December 31, 2025, as well as the quarter ended March 31, 2026. The impact of these items was partially offset by an increase in general and administration expenses, due to increased hiring, share-based compensation, community investment and regulatory and professional fees to support increased activities related to the Company’s operations.

At March 31, 2026, total assets increased from December 31, 2025, as a result of cash raised as part of the Company’s ATM equity programs as well as restricted cash received from the Company’s second draw on the DOE Loan. Total assets also increased as a result of additions to mineral properties, plant and equipment from the continued development of Thacker Pass.

At March 31, 2026, the increase in total long-term liabilities was mainly attributable to a $351.9 million increase in the DOE Loan ($432.0 million related to the second advance and interest costs of $6.6 million, net of $86.7 million amortized deferred financing costs). This was partly offset by a $10.6 million reduction in the Orion Notes and an $83.8 million decrease in the LAC Warrant obligation ($88.8 million fair value of the LAC Warrant reclassified to equity on January 30, 2026 partly offset by $5.0 million loss recognized for the fair value increase in the LAC Warrant from December 31, 2026 to January 30, 2026).

This news release should be read in conjunction with the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2026 and annual report on Form 10-K for the year ended December 31, 2025, available on the Company’s issuer profile on EDGAR at www.sec.gov, SEDAR+ at www.sedarplus.ca and on the Company’s website at www.lithiumamericas.com.

ABOUT LITHIUM AMERICAS

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) and reserve (Proven and Probable) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and General Motors Holdings LLC (“GM”) (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S. DOE and strategic investments from GM and Orion. The DOE holds the LAC Warrant to purchase common shares equivalent to a 5% equity stake of the Company as of the Issuance Date and the JV Warrant to purchase a non-voting, non-transferable equity interest in the JV equivalent to a 5% interest as of the Issuance Date. Lithium Americas’ shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.

TECHNICAL INFORMATION

The scientific and technical information in this news release has been reviewed and approved by Rene LeBlanc, PhD, SME, Vice President, Commercial and Product Strategy of the Company, and a “qualified person” as defined under National Instrument 43-101 and Subpart 1300 of Regulation S-K under the United States Securities Act of 1933, as amended.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements” (“FLS”)). All statements, other than statements of historical fact, are FLS and can be identified by the use of statements that include, but are not limited to, words, such as “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “proposes,” “potential,” “target,” “implement,” “schedule,” “forecast,” “intend,” “would,” “could,” “might,” “should,” “believe” and similar terminology, or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. FLS in this news release include, but are not limited to: statements relating to the anticipated sources and uses of funds to complete project financing; statements relating to the JV and the DOE Loan, the strategic investment from Orion for the development and construction of the Thacker Pass, the LAC Warrant and the JV Warrant, including statements regarding satisfaction of draw down conditions on the DOE Loan expectations about the extent to which the JV Transaction, the DOE Loan, including any amendments thereto, the investment from Orion, the LAC Warrant, the JV Warrant and cash on hand would fund the development and construction of Thacker Pass on schedule or at all; project de-risking initiatives and the extent to which work to date has de-risked project execution; the expected operations, financial results and condition of the Company; expectations related to the construction build, job creation and nameplate capacity of Thacker Pass as well as other statements with respect to the Company’s future objectives and strategies to achieve these objectives, including the future prospects of the Company; the estimated cash flow, capitalization and adequacy thereof for the Company; the estimated costs of the development of Thacker Pass, including timing, progress, approach, continuity or change in plans, construction, commissioning, expected milestones, anticipated production and results thereof and expansion plans; cost and expected benefits of the transloading terminal; cost and expected benefit of the limestone quarry; anticipated timing to resolve, and the expected outcome of, any complaints or claims made or that could be made concerning the permitting process in the U.S. for Thacker Pass; the timely completion of environmental reviews and related consultations, and receipt or issuance of permits and approvals, in the U.S. for the Company’s development and resultant operations; capital expenditures and programs; estimates, and any change in estimates, of the mineral resources and mineral reserves at Thacker Pass; development of mineral resources and mineral reserves; the realization of mineral resources and mineral reserves estimates, including whether certain mineral resources will ever be developed into mineral reserves, and information and underlying assumptions related thereto; government regulation of mining operations and treatment under governmental and taxation regimes; the future price of commodities, including lithium; the creation of a battery supply chain in the U.S. to support the electric vehicle market; the timing and amount of future production, currency exchange and interest rates; the Company’s ability to raise capital; expected expenditures to be made by the Company; statements relating to revised capital cost estimates; ability to produce high purity battery grade lithium products; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the timing, cost, quantity, capacity and product quality of production at Thacker Pass; successful development of Thacker Pass, including successful results from the Company’s testing facility and third-party tests related thereto; statements with respect to the expected economics of Thacker Pass, including capital costs, operating costs, sustaining capital requirements, after tax net present value and internal rate of return, pricing assumptions, payback period, sensitivity analyses, net cash flows and life of mine; anticipated job creation of the workforce hub; the expectation that the National Construction Agreement (Project Labor Agreement) with North America’s Building Trades Unions for construction of Phase 1 of Thacker Pass will minimize construction risk, ensure availability of skilled labor, address the challenges associated with Thacker Pass’s remote location and be effective in prioritizing employment of local and regional skilled craft workers, including members of underrepresented communities; overarching accessibility to a productive workforce; the expected workforce development training program being prepared with Great Basin College; the Company’s commitment to sustainable development, limiting the environmental impact at Thacker Pass and plans for phased reclamation during the life of mine including use benefits of growth media; ability to achieve capital cost efficiencies; anticipated use of any future proceeds and earnings related to Thacker Pass; as well as other statements with respect to management’s beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts.

FLS involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. FLS reflects the Company’s current views about future events, and while considered reasonable by the Company as of the date of this news release, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions and other factors upon which such FLS is based include, without limitation: expectations regarding Phase 2 of Thacker Pass, including financing, and the absence of material adverse events affecting the Company during this time; the ability of the Company to perform conditions and meet expectations regarding the Company’s financial resources and future prospects; the ability to meet future objectives, priorities and anticipated milestones; a cordial business relationship between the Company and third-party strategic and contractual partners; the risk of general business and economic uncertainties and adverse market conditions; confidence that development, construction and operations at Thacker Pass will proceed as anticipated, including the impact of potential supply chain disturbances including but not limited to product availability, customs delays and potential shipping disruptions, especially with respect to steel, and the availability of equipment, labor and facilities necessary to complete development and construction of Thacker Pass and produce battery grade lithium; unforeseen technological, equipment and engineering problems; changes in general economic and geopolitical conditions, including as a result of regulatory changes by the current U.S. presidential administration, higher interest rates, the rate of inflation, a potential economic recession, ongoing conflict in the Middle East and potential changes in U.S. trade policy, including the imposition of tariffs and the resulting consequences on, among other things, the extractive resource industry, the green energy transition and the electric vehicle market; uncertainties inherent to the feasibility studies and mineral resource and mineral reserve estimates; the mine processing facilities, based on the results of the testing facility and third-party tests, performing as expected; the ability of the Company to secure sufficient additional financing, advance and develop the Project, and to produce battery grade lithium; the respective benefits and impacts of Thacker Pass when production operations commence; settlement of agreements related to the operation and sale of mineral production as well as contracts in respect of operations and inputs required in the course of production; the Company’s ability to operate in a safe and effective manner, and without material adverse impact from the effects of climate change or severe weather conditions; reliability of technical data; uncertainties relating to receiving and maintaining mining, exploration, environmental and other permits or approvals in Nevada; demand for lithium, including that such demand is supported by growth in the electric vehicle market, lithium-ion battery market and battery energy storage system market; current technological trends; the impact of increasing competition in the lithium business, and the Company’s competitive position in the industry; continuing support of local communities and the Fort McDermitt Paiute and the Shoshone Tribe in relation to Thacker Pass, and continuing constructive engagement with these and other stakeholders, including any expected benefits of such engagement; risks related to cost, funding and regulatory authorizations to develop a workforce housing facility; the stable and supportive legislative, regulatory and community environment in the jurisdictions where the Company operates; impacts of inflation, deflation, currency exchange rates, interest rates and other general economic and stock market conditions; the impact of unknown financial contingencies, including litigation costs, environmental compliance costs and costs associated with the impacts of climate change, on the Company’s operations; increased attention to environmental, social, governance and safety and sustainability-related matters; risks related to the Company’s public statements with respect to such matters that may be subject to heightened scrutiny from public and governmental authorities related to the risk of potential “greenwashing,” (i.e., misleading information or false claims overstating potential sustainability-related benefits); risks that the Company may face regarding potentially conflicting initiatives from certain U.S. state or other governments; estimates of and unpredictable changes to the market prices for lithium products; development and construction costs for Thacker Pass, and costs for any additional exploration work at the Project; estimates of mineral resources and mineral reserves, including whether mineral resources not included in mineral reserves will be further developed into mineral reserves; some of the modifying factors used to convert mineral resources to mineral reserves may change materially, and could materially impact the mineral reserve estimate; reliability of technical data; anticipated timing and results of exploration, development and construction activities, including the impact of ongoing supply chain disruptions and availability of equipment and supplies on such timing; timely responses from governmental agencies responsible for reviewing and considering the Company’s permitting activities at Thacker Pass; availability of technology, including low carbon energy sources and water rights, on acceptable terms to advance Thacker Pass; government regulation of mining operations and mergers and acquisitions activity, and treatment under governmental, regulatory and taxation regimes; ability to realize expected benefits from investments in or partnerships with third parties; accuracy of development budgets and construction estimates; that the Company will meet its future objectives and priorities; the ability to satisfy production and lithium-recovery targets; that the Company will have access to adequate capital to fund its future projects and plans; that such future projects and plans will proceed as anticipated; compliance by joint venture partners, DOE and Orion with terms of agreements; the lack of any material disputes or disagreements between joint venture partners; the regulation of the mining industry by various governmental agencies; as well as assumptions concerning general economic and industry growth rates, commodity prices, resource estimates, currency exchange and interest rates and competitive conditions. Although the Company believes that the assumptions and expectations reflected in such FLS are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct.

Readers are cautioned that the foregoing lists of factors are not exhaustive. There can be no assurance that FLS will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, readers are cautioned not to place undue reliance on this information, and that this information may not be appropriate for any other purpose, including investment purposes. The Company’s actual results could differ materially from those anticipated in any FLS as a result of the risk factors described under Part I, Item 1A, “Risk Factors” in the Company’s Form 10-K for the year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission and elsewhere throughout that report, and in the Company’s other continuous disclosure documents available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. All FLS contained in this news release are expressly qualified by the risk factors set out in the aforementioned documents. Readers are further cautioned to review the full description of risks, uncertainties and management’s assumptions in the aforementioned documents and other disclosure documents available on SEDAR+ and on EDGAR. The Company does not undertake any obligation to update or revise any FLS, whether as a result of new information, future events or otherwise, except as required by law.

More News From Lithium Americas Corp.

Lithium Americas Corp. remains a Sell; Thacker Pass progress lowers execution risk but doesn't improve equity risk/reward. LAC capex pressures intensify with $1.3–1.6 billion needed in 2026 and potential tariff exposure of $80–120 million. ATM share issuances dilute common equity, signaling investors are primarily funding the project rather than capturing upside.

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Two AI Titans Flash Entries As Rocket Lab Readies For Launch Rare earth stocks continued to snap back early Thursday after a sharp recent sell-off tied to President Donald Trump's China visit and news that Beijing would address U.S. concerns that its export restrictions have resulted in shortages. USA Rare Earth (USAR), which announced new funding from the Department of Energy, MP Materials (MP), Critical Metals (CRML) and REalloys (ALOY) are…

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BSF Enterprise PLC (LSE:BSFA, OTC:BSFAF) said the first product made from T-Rex Leather missed its reserve at a Paris auction, though the company said the exercise had sharpened corporate interest in its bio-leather platform.

The museum-grade luxury handbag, designed by avant-garde techwear designer Enfin Levé, drew a final bid of €150,000 at the Tentation°4 sale managed by Giquello SAS at the Hôtel Drouot auction house on Thursday evening.

That was below the reserve set by BSF and the auction house to reflect what the company described as the “historical significance and uniqueness” of the first-of-its-kind asset, meaning the item was passed in.

BSF said the handbag has now been withdrawn from the public auction format and is being prepared for sale to a select group of high-net-worth collectors and institutions.

The company said the auction result had not dented corporate interest in LGL’s underlying material technology, with discussions continuing with a global sportswear company over potential use in elite athletic footwear and with a “world-renowned” automotive brand over bespoke cabin materials.

BSF said those corporate discussions are focused on the structural integrity, scalability and intellectual property of the bio-leather platform, which it said were demonstrated by the physical handbag.

FTSE 100 jumps 109 points to 10,413 Brent crude futures fall 2% UK economy contracts 0.1% in April  Housebuilders show strong recovery 11.54am: Shell, BP and BAE weigh Weighing on the index today are falls for energy and defence groups, some heavyweights among only 16 London blue-chips that are in the red currently.

Oil giants BP and Shell are down 4.4% and 3.25%. Defence group BAE Systems is down 1.9%, followed by energy suppliers Centrica and SSE, down 1.9% and 1%. 

Next are Sage Group, Bunzl, National Grid, LSE and British American Tobacco. 

11.04am: SpaceX touching down SpaceX’s much anticipated IPO "has been a roaring success", says Kathleen Brooks at XTB, with huge demand for the shares.

The IPO has raised $75 billion, making it the largest ever, valuing the company at $1.77 trillion, the seventh largest firm on the US stock market.

Trading in New York's Nasdaq begins later, with the company worth more than JP Morgan, Meta, Eli Lilly, Berkshire Hathaway and Tesla, Brooks notes. 

It's free float of $75 billion is more on a par with the market caps of Airbnb, Ross Stores and General Motors, though. 

"Today comes the real test," says Brooks, as the shares trade on the open market for the first time.

"After Thursday’s stock market rally the scene is set for a strong start, but any sign of weakness on the main US tech exchange could send shivers across financial markets."

She notes reports that the allocation of shares to the retail market has been lower than originally reported at roughly 20% versus the mooted 30%.

"This is still far higher than the usual allocation to the retail trading community and suggests that institutional demand far outstripped supply.

"This signals that everyone wants a slice of SpaceX right now, which could lead to more shares coming to market, should the underwriters exercise their right to sell additional shares in the coming weeks."

10.30am: More market movers The FTSE 100 has pared some of the morning's gains, and is now 141 points up at 10,445.02. Here's a look at some of the other stocks making big moves today. 

Kier Group PLC (LSE:KIE) rose 3.8% after securing a £140 million contract extension with South West Water, part of Pennon Group PLC (LSE, OTC), running through to 2028. The deal extends a 20-year partnership and keeps Kier as sole contractor on the network services alliance. Read more

BSF Enterprise PLC (LSE:BSFA, OTC:BSFAF) plunged 42% after its first T-Rex Leather handbag failed to meet its reserve at a Paris auction. The €150,000 top bid fell short, leaving the item unsold. The company has now withdrawn it for private sale, but says interest in its bio-leather technology remains strong, with ongoing talks in the sportswear and automotive sectors. Read more

Virgin Wines UK PLC (AIM:VINO) fell 14% to 28.8p after warning of a swing to a £1.5 million pre-tax loss for 2026 despite modest revenue growth. Higher duties and weaker consumer confidence weighed on profits. The group still highlighted improving sales momentum and rising customer acquisition, alongside plans for a new £700,000 warehouse investment funded from cash reserves. Read more

MedPal AI plc (AIM:MPAL) surged 25% to a three-month high around 3.88p after UK approval of Novo Nordisk’s oral weight-loss drug boosted sentiment around its new clinic model. The company says the timing is ideal, with its New Health service launching just as demand for GLP-1 treatments expands. It expects oral options to widen uptake beyond injectables, supported by strong US prescription trends. Read more

Cizzle Biotechnology Holdings PLC (LSE:CIZ) shares jumped 10.9% to 3.05p after the company secured a US patent covering methods used to detect its CIZ1B lung cancer biomarker. The patent strengthens its position in a key market and supports plans with partner Cizzle Bio Inc to commercialise the test across North America and the Caribbean. Read more

9.20am: Footsie bounces higher The FTSE 100 has extended its gains as the morning progresses, now up 148 points at 10,451.84 for a gain of close to 1.5%.

BA-owner International Consolidated Airlines Group SA (LSE:IAG) is now leading the pack, with a 5.5% gain, while Rolls-Royce Holdings PLC (LSE:RR.) has edged into second place, up 4.5%. 

"Global equities are ending the week with a powerful relief rally as markets price a rising chance of a US-Iran diplomatic breakthrough," commented Tickmill Group's Patrick Munnelly. "President Trump said the US is nearing a deal with Tehran, raising hopes that a conflict which has driven volatility for more than three months could be moving toward resolution." 

Munnelly pointed out that oil is the clearest expression of the shift in risk premia. Brent has fallen another 2% to around $88.50/bbl after President Trump softened military threats and pointed to high-level talks with Iranian officials.

"A formal signing ceremony could reportedly take place as soon as this weekend in Europe, with JD Vance expected to attend," he added. "The market is moving from pricing escalation risk to pricing de-escalation relief. That does not remove geopolitical uncertainty, but it materially reduces the immediate threat of a sustained energy shock."

9am: Housebuilders perk up  UK housebuilders surged on Friday as investors warmed to the prospect of lower interest rates and easing tensions in the Middle East.

Persimmon PLC (LSE:PSN) rose 3.9%, Barratt Redrow PLC (LSE:BTRW) gained 3.7%,Taylor Wimpey PLC (LSE:TW.) added 2.9%, while Vistry Group PLC (LSE:VTY) led the sector with a 5.1% jump.

The gains came despite data showing the UK economy shrank by 0.1% in April. Instead of spooking markets, the weaker GDP reading fuelled expectations that the Bank of England may cut rates sooner rather than later to support growth. The BoE's rate-setting committee meets next week. 

Hopes of a peace agreement in the Middle East also lifted sentiment. Oil prices retreated on the prospect of fewer supply disruptions, easing inflation concerns and reducing pressure on policymakers to keep rates higher for longer.

Government bond prices rose, and yields fell as investors increasingly priced in rate cuts rather than hikes. For housebuilders, cheaper borrowing costs could mean more affordable mortgages and stronger demand, helping a sector that has struggled under the weight of higher interest rates.

8.15am: Footsie bounces at the open  The FTSE 100 jumped at the open, gaining 89 points to 10,392.88 in the first 15 minutes of trading on hopes that an end to the conflict in the Middle East is near.

Antofagasta PLC (LSE:ANTO) led the gainers, with a 5.3% gain as copper prices surged on the potential end to the war. Fresnillo PLC (LSE:FRES) was close behind, up 4.9%, while housebuilder Persimmon PLC (LSE:PSN) rose 4.5% after a report suggesting that recent buying activity had been brisk. International Consolidated Airlines Group SA (LSE:IAG) added 4.4% as oil prices fell below $90 a barrel.  

BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) have come under pressure due to the lower oil prices, down 3.3% and 2.4% respectively.

"The FTSE100 rode on the coattails of improved global investor sentiment, with a strong open which built on a resilient performance in the previous session," commented interactive investor's Richard Hunter. "The gains came despite the oil majors following the oil price south, with a broad rally which included the housebuilders after a report suggesting that recent buying activity had been brisk."

While markets staged a strong recovery on hopes that the Middle East conflict could finally be coming to an end, Hunter noted that for the US there is only one show in town today.

"The highly anticipated SpaceX IPO will debut today after what has been an unusual run-up," Hunter said. "The price of $135 per share was announced in advance, Elon Musk reportedly negotiated special deals with Wall Street advisors, and the percentage of shares available to retail investors is much higher than would normally be the case. The offering will raise $75 billion for the company, which will be valued at $1.75 trillion."

7.55am: Fickle markets  Markets look set for a positive end to the week after President Trump made a massive about-turn on his plan to "hit Iran hard." 

It's not the first time he's indicated a peace deal is at hand. According to a CNBC review of the president’s social media posts and public remarks, Trump has signalled or stated outright more than 30 times that a deal is nearly at hand. CNN puts it higher at 38 times since before April's ceasefire was announced. 

"The past 24 hours has seen a sharp reversal in the trajectory of the US–Iran conflict, as mounting hopes of a deal have seen Brent crude fall -1.62% overnight, leaving it on track for a 3-month low of $88.80/bbl. So that’s led to a huge rally across bonds and equities, as lower oil prices have eased fears about a prolonged stagflationary shock," commented Deutsche Bank's Jim Reid. 

"With oil prices coming down sharply, alongside hopes that the Strait of Hormuz will reopen, that’s seen investors price out the chance of rapid rate hikes this year. Indeed, as we go to press, markets are now pricing in just a 77% chance of a Fed rate hike by December, having been fully priced in earlier this week."

7.35am: Middle East conflict hits the economy The UK economy hit a small bump in April, with GDP slipping 0.1% after solid growth in February and March. The monthly decline was largely down to a 0.2% drop in the services sector, while construction edged higher and production was flat.

The bigger picture, though, remains more encouraging. The economy expanded by 0.7% over the three months to April, marking the fifth consecutive period of three-month growth. Services continued to do much of the heavy lifting, with information and communication performing particularly well, alongside retail and professional services. Construction also made a strong contribution.

There were some headwinds. Businesses across sectors said conflict in the Middle East affected trading conditions, with some reporting weaker demand and higher energy and fuel costs.

Even so, GDP was still 1.2% higher than a year earlier, suggesting the UK's growth story remains intact despite a softer start to the second quarter.

FTSE 100 pre-market open Stocks in London are expected to open higher after US President Donald Trump backtracked on a threat to "hit Iran hard" as he hinted at a major breakthrough in talks. 

The FTSE 100 has been called 81 points higher, after closing Thursday's session 49 points up at 10,304. Brent crude has fallen 2% to $88.58 a barrel, while US WTI futures are also lower. 

"What’s unbelievable is that after three months of this nonsense, markets still move on words that have little substance," commented Swissquote's Ipek Ozkardeskaya. "This morning, US crude is testing the $85pb level to the downside, its lowest level since the early days of the Iranian conflict. Yet there is no confirmation from Iranian media, and there is nothing to suggest that this time will be the charm."

Overnight, US stocks staged a powerful comeback, with investors piling back into risk assets after President Trump said he had cancelled planned military strikes against Iran and suggested a diplomatic agreement could be close at hand.

The tech-heavy Nasdaq led the advance, jumping 2.5% as traders reversed much of Wednesday's sharp sell-off. The Dow Jones Industrial Average surged 1.9%, and the S&P 500 climbed 1.8%.

As Friday trade draws to a close in Asia, Tokyo's Nikkei is up 2.9%, Hong Kong's Hang Seng is 1.7% higher, and Shanghai's SSE Composite has gained 1.2%. In Seoul, the Kospi has rallied 4.4% after earlier trading 8% higher as foreign investors shifted to net buying for the first time in 25 trading days. Sydney's ASX 200 closed 2% firmer. 

Q1 2026 Gross Profit of $9.2 Million Increased $11.0 Million
Q1 2026 Net Income of $4.0 Million, or $0.05 per Share, Improved $16.0 Million
Q1 2026 Adjusted EBITDA of $4.7 Million Improved $9.1 Million Compared to Q1 2025

PEKIN, Ill., May 06, 2026 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a producer and distributor of renewable fuels, essential ingredients and specialty alcohols, reported its financial results for the quarter ended March 31, 2026.

“In a seasonally weak period for Alto and the industry, we delivered profitability on an adjusted EBITDA and net income basis through the contributions of strong export sales, higher crush margins and incremental earnings from Section 45Z tax credits. Even without the contribution of the tax credits we were profitable,” said President and Chief Executive Officer Bryon McGregor. “Our strategic realignment, combined with our efforts to improve our operational model and the stability of our business have enhanced our earnings power.”

Added Mr. McGregor, “Looking ahead, our priorities are straightforward: improve utilization and reliability; execute our 2026 optimization and capital projects on time and on budget; and leverage the flexibility we have with multiple revenue streams to respond to market shifts and perform profitably through commodity cycles. In addition, we are focused on expanding the value we capture from 45Z tax credits and on optimally monetizing the value of our biogenic CO2 production across our facilities to lower our carbon footprint. Through our focus on these priorities, we remain committed to enhancing the value of our assets.”

Financial Results for the Three Months Ended March 31, 2026 Compared to 2025

Net sales were $224.7 million, compared to $226.5 million.Cost of goods sold was $215.5 million, compared to $228.3 million.Gross profit was $9.2 million, compared to a gross loss of $1.8 million. Gross profit was positively impacted by an $8.1 million net unrealized gain on derivatives.Selling, general and administrative expenses were $6.7 million, compared to $7.2 million.Interest expense was $2.2 million, compared to $2.7 million.Net income attributable to common stockholders was $4.0 million, or $0.05 per diluted share, compared to a net loss of $12.0 million, or $0.16 per share.Adjusted EBITDA was $4.7 million, compared to negative $4.4 million, an increase of $9.1 million. Cash and cash equivalents at March 31, 2026 were $20.3 million, compared to $23.4 million at December 31, 2025. The company’s borrowing availability at March 31, 2026 was $94.3 million, including $29.3 million under the company’s operating line of credit and $65 million under its term loan facility.

First Quarter 2026 Results Conference Call
Management will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on Wednesday, May 6, 2026, and will deliver prepared remarks via webcast followed by a question-and-answer session.

To receive a number and unique PIN by email, register here. To dial directly up to 20 minutes prior to the scheduled call time, please dial (833) 630-0017 domestically and (412) 317-1806 internationally. Alternatively, the webcast for the conference call can be accessed from Alto Ingredients’ website at www.altoingredients.com and will be available for one year.

Use of Non-GAAP Measures
Management believes that certain financial measures not in accordance with generally accepted accounting principles ("GAAP") are useful measures of operations. The company defines Adjusted EBITDA as unaudited consolidated net income (loss) before interest expense, interest income, provision (benefit) for income taxes, asset impairments, unrealized derivative gains and losses, acquisition-related expense, excess insurance proceeds and depreciation and amortization expense. A table is provided at the end of this release that provides a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, net income (loss). Management provides this non-GAAP measure so that investors will have the same financial information that management uses, which may assist investors in properly assessing the company's performance on a period-over-period basis. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as an alternative to net income (loss) or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of the company's results as reported under GAAP.

About Alto Ingredients, Inc.
Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements and information contained in this communication that refer to or include Alto Ingredients’ estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Alto Ingredients’ current perspective of existing trends and information as of the date of the communication. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning Alto Ingredients’ expectations around profitability and executing on opportunities to grow earnings, including through improved utilization and reliability, optimization and capital projects, monetizing additional Section 45Z tax credits and monetizing the value of its biogenic CO2 to lower its carbon footprint; and Alto Ingredients’ other plans, objectives, expectations and intentions. It is important to note that Alto Ingredients’ plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Alto Ingredients’ current expectations depending upon a number of factors affecting Alto Ingredients’ business and plans. These factors include, among others adverse economic and market conditions, including for renewable fuels, specialty alcohols and essential ingredients; export conditions and international demand for the company’s products; fluctuations in the price of and demand for oil and gasoline; raw material costs, including production input costs, such as corn and natural gas; adverse impacts of inflation and supply chain constraints, including from tariffs; Alto Ingredients’ ability to timely and within budget execute on its optimization and capital projects; Alto Ingredients’ ability to expand and monetize the value of its CO2 production to lower its carbon footprint; regulatory developments and Alto Ingredients’ ability to successfully pursue and secure opportunities, and realize the expected results, under existing and new legislation, including the Section 45Z regulations, and to successfully apply for and receive anticipated credit amounts. These factors also include, among others, the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Alto Ingredients’ products; the impact of competitive products and pricing; the risks and uncertainties normally incident to the alcohol production, marketing and distribution industries; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Alto Ingredients’ facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Alto Ingredients’ filings with the Securities and Exchange Commission including, specifically, those factors set forth in the “Risk Factors” section contained in Alto Ingredients’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2026.

Company IR and Media Contact:
Michael Kramer, Alto Ingredients, Inc., 916-403-2755
[email protected]

IR Agency Contact:
Jody Burfening, Alliance Advisors Investor Relations, 212-838-3777
[email protected]

ALTO INGREDIENTS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in thousands, except per share data)   Three Months Ended
March 31,  2026  2025 Net sales$224,680 $226,540 Cost of goods sold 215,461  228,347 Gross profit (loss) 9,219  (1,807)Selling, general and administrative expenses 6,699  7,190 Income (loss) from operations 2,520  (8,997)Interest expense, net (2,198) (2,729)Transferable tax credits, net 3,900  — Other income, net 49  47 Income (loss) before provision for income taxes 4,271  (11,679)Provision for income taxes —  — Net income (loss)$4,271 $(11,679)Preferred stock dividends$(312)$(312)Net income (loss) attributable to common stockholders$3,959 $(11,991)Net income (loss) per share, basic$0.05 $(0.16)Net income (loss) per share, diluted$0.05 $(0.16)Weighted-average shares outstanding, basic 74,789  73,836 Weighted-average shares outstanding, diluted 76,639  73,836  ALTO INGREDIENTS, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands, except par value)        
ASSETS March 31,
2026  December 31,
2025 Current Assets:      Cash and cash equivalents$20,309 $23,415 Restricted cash 1,334  2,258 Accounts receivable, net 59,700  55,069 Inventories 52,831  61,676 Derivative instruments 7,831  525 Transferable tax credits, net 11,530  7,500 Other current assets 5,017  5,474 Total current assets 158,552  155,917 Property and equipment, net 193,199  198,501 Other Assets:     Right of use operating lease assets, net 17,215  16,931 Intangible assets, net 7,419  7,574 Other assets 9,908  9,863 Total other assets 34,542  34,368 Total Assets$386,293 $388,786  ALTO INGREDIENTS, INC.
CONSOLIDATED BALANCE SHEETS (CONTINUED)
(unaudited, in thousands, except par value)       
LIABILITIES AND STOCKHOLDERS’ EQUITY March 31,
2026  December 31,
2025 Current Liabilities:     Accounts payable$19,303 $14,509 Accrued liabilities 12,332  16,691 Current portion – long-term debt —  16,600 Current portion – operating leases 4,975  4,958 Derivative instruments 301  1,067 Other current liabilities 4,741  5,246 Total current liabilities 41,652  59,071        Long-term debt 73,056  63,027 Operating leases, net of current portion 13,240  13,012 Other liabilities 8,467  8,435 Total Liabilities 136,415  143,545        Stockholders’ Equity:      Preferred stock, $0.001 par value; 10,000 shares authorized;
   Series A: no shares issued and outstanding as of
   March 31, 2026 and December 31, 2025
   Series B: 927 shares issued and outstanding as of
   March 31, 2026 and December 31, 2025 1  1 Common stock, $0.001 par value; 300,000 shares
   authorized; 77,946 and 77,307 shares issued and
   outstanding as of March 31, 2026 and December 31,
   2025, respectively 78  77 Non-voting common stock, $0.001 par value; 3,553
   shares authorized; 1 share issued and outstanding as
   of March 31, 2026 and December 31, 2025 —  — Additional paid-in capital 1,052,472  1,051,795 Accumulated other comprehensive income 5,461  5,461 Accumulated deficit (808,134) (812,093)Total Stockholders’ Equity 249,878  245,241 Total Liabilities and Stockholders’ Equity$386,293 $388,786  Reconciliation of Adjusted EBITDA to Net Income (Loss)

 Three Months Ended
March 31,(in thousands) (unaudited) 2026  2025 Net income (loss)$4,271 $(11,679)Adjustments:  Interest expense 2,198  2,729 Interest income (77) (84)Unrealized derivatives gains (8,073) (1,634)Depreciation and amortization expense 6,366  6,266 Total adjustments 414  7,277 Adjusted EBITDA$4,685 $(4,402) Segment Financials

(in thousands) (unaudited)Three Months Ended
March 31,
  2026  2025 Net sales             Pekin Campus production:      Alcohol sales$107,952 $107,234 Essential ingredient sales 43,993  44,618 Intersegment sales 262  297 Total Pekin Campus sales 152,207  152,149        Marketing and distribution:      Alcohol sales$47,326 $49,058 Intersegment sales 2,450  2,506 Total marketing and distribution sales 49,776  51,564        Western production:      Alcohol sales$16,680 $16,194 Essential ingredient sales 7,280  7,808 Intersegment sales 399  264 Total Western production sales 24,359  24,266        Corporate and other 1,449  1,628 Intersegment eliminations (3,111) (3,067)Net sales as reported$224,680 $226,540        Cost of goods sold:    Pekin Campus production$144,021 $155,222 Marketing and distribution 46,037  47,650 Western production 25,502  25,524 Corporate and other 1,036  1,681 Intersegment eliminations (1,135) (1,730)Cost of goods sold as reported$215,461 $228,347        Gross profit (loss):      Pekin Campus production$8,186 $(3,073)Marketing and distribution 3,739  3,914 Western production (1,143) (1,258)Corporate and other 413  (53)Intersegment eliminations (1,976) (1,337)Gross profit (loss) as reported$9,219 $(1,807) Sales and Operating Metrics (unaudited)

(in thousands) (unaudited)Three Months Ended
March 31,
  2026  2025 Alcohol Sales (gallons in millions)    Pekin Campus renewable fuel gallons sold 31.2  32.6 Western production renewable fuel gallons sold 8.2  8.3 Third party renewable fuel gallons sold 23.5  24.4 Total renewable fuel gallons sold 62.9  65.3 Specialty alcohol gallons sold 23.0  24.3 Total gallons sold 85.9  89.6      Sales Price per Gallon    Pekin Campus$2.00 $1.90 Western production$2.03 $1.95 Marketing and distribution$2.01 $2.01 Average sales price per gallon$2.00 $1.93      Alcohol Production (gallons in millions)    Pekin Campus 51.2  54.3 Western production 7.9  8.3 Total 59.1  62.6      Corn Cost per Bushel    Pekin Campus$4.45 $4.65 Western production$5.54 $5.95 Total$4.58 $4.81       Average Market Metrics  PLATTS Ethanol price per gallon$1.73 $1.71 CME Corn cost per bushel$4.38 $4.72 Board corn crush per gallons (1)$0.17 $0.02    Essential Ingredients Sold (thousand tons)  Pekin Campus:  Distillers grains 80.4  90.7 CO2 43.3  45.3 Corn wet feed 29.9  34.5 Corn dry feed 21.0  23.8 Corn oil and germ 18.1  19.6 Corn meal 9.5  9.4 Syrup and other 9.2  8.2 Yeast 6.1  6.4 Total Pekin Campus essential ingredients sold 217.5  237.9    Western production:  Distillers grains 60.1  58.1 CO2 12.8  12.6 Corn oil 0.8  1.4 Syrup and other 0.8  0.8 Total Western production essential ingredients sold 74.5  72.9    Total Essential Ingredients Sold 292.0  310.8       Essential ingredients return % (2)  Pekin Campus return 54.0% 48.0%Western production return 49.9% 49.0%Consolidated total return 53.4% 48.2%    ________________
            (1)   Assumes corn conversion of 2.80 gallons of alcohol per bushel of corn.
            (2)   Essential ingredients revenues as a percentage of total corn costs consumed.

Alto Ingredients, Inc. (ALTO) Q1 2026 Earnings Call Transcript

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 11:

Alto Ingredients, Inc. (ALTO - Free Report) : This specialty alcohols and essential ingredients company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 184.2% over the last 60 days.

Alto’s shares gained 69% over the last three months compared with the S&P 500’s advance of 8.3%. The company possesses a Momentum Score  of A.

Sterling Infrastructure, Inc. (STRL - Free Report) : This e-infrastructure, transportation, and building solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.8% over the last 60 days.

Sterling’s shares gained 95.8% over the last three months compared with the S&P 500’s advance of 8.3%. The company possesses a Momentum Score of A.

Lattice Semiconductor Corporation (LSCC - Free Report) : This developer of semiconductor products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.

Lattice’s shares gained 27.5% over the last three months compared with the S&P 500’s advance of 8.3%. The company possesses a Momentum Score of A.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Momentum score and how it is calculated here.

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 15:

Alto Ingredients, Inc. (ALTO - Free Report) : This specialty alcohols and essential ingredients company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 184.2% over the last 60 days.

Alto’s shares gained 73.9% over the last three months compared with the S&P 500’s advance of 9.8%. The company possesses a Momentum Score  of A.

Lattice Semiconductor Corporation (LSCC - Free Report) : This developer of semiconductor products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.

Lattice’s shares gained 27.9% over the last three months compared with the S&P 500’s advance of 9.8%. The company possesses a Momentum Score of A.

inTEST Corporation (INTT - Free Report) : This company that provides test and process solutions for use in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 104.6% over the last 60 days.

inTEST’s shares gained 80% over the last three months compared with the S&P 500’s advance of 9.8%. The company possesses a Momentum Score of B.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Momentum score and how it is calculated here.

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Alto Ingredients (ALTO - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.

Alto Ingredients is a member of the Consumer Discretionary sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Alto Ingredients is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ALTO's full-year earnings has moved 237.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, ALTO has returned 81.3% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 8.4% on average. This shows that Alto Ingredients is outperforming its peers so far this year.

Hugo Boss (BOSSY - Free Report) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 5.5%.

For Hugo Boss, the consensus EPS estimate for the current year has increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Alto Ingredients belongs to the Consumer Products - Discretionary industry, a group that includes 25 individual stocks and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have lost about 0.3% so far this year, so ALTO is performing better this group in terms of year-to-date returns.

On the other hand, Hugo Boss belongs to the Textile - Apparel industry. This 22-stock industry is currently ranked #52. The industry has moved -7.2% year to date.

Investors with an interest in Consumer Discretionary stocks should continue to track Alto Ingredients and Hugo Boss. These stocks will be looking to continue their solid performance.

Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 3:

Alto Ingredients, Inc. (ALTO - Free Report) : This specialty alcohols and essential ingredients company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 184.2% over the last 60 days.

Alto Ingredients has a price-to-earnings ratio (P/E) of 10.57, compared with 10.70 for the industry. The company possesses a Value Score  of B.

Banco Macro S.A. (BMA - Free Report) : This company that provides various banking products and services to retail and corporate customers in Argentina carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.

Banco Macro has a price-to-earnings ratio (P/E) of 17.63, compared with 23.81 for the S&P 500. The company possesses a Value Score of B.

Genesco Inc. (GCO - Free Report) : This retailer of apparel and footwear carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

Genesco has a price-to-earnings ratio (P/E) of 17.01, compared with 23.81 for the S&P 500. The company possesses a Value Score of A.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Value score and how it is calculated here.

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.

Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.

There are several stocks that passed through the screen and Alto Ingredients (ALTO - Free Report) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.

A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ALTO is quite a good fit in this regard, gaining 16.2% over this period.

However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 21.6% over the past four weeks ensures that the trend is still in place for the stock of this ethanol producer.

Moreover, ALTO is currently trading at 90.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.

So, the price trend in ALTO may not reverse anytime soon.

In addition to ALTO, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.

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Key Takeaways Alto Ingredients achieved adjusted EBITDA and net income profitability in Q1 2026.Strong renewable fuel exports added $6.7M in revenues through higher volumes and premiums.ALTO offset a 4% volume decline as export demand supported margins and inventories. Alto Ingredients, Inc. (ALTO - Free Report) reported a strong financial turnaround in the first quarter of 2026, driven in large part by the strength of its export business. Despite operating in a seasonally weak period that typically brings higher ethanol inventories and softer demand, the company delivered profitability on both an adjusted EBITDA and net income basis.

A key factor behind this improvement was a more favorable product mix. ALTO benefited from stronger renewable fuel export sales, which generated an incremental $6.7 million in revenues during the first quarter. The gain reflected both higher export volumes and significantly stronger pricing premiums compared with domestic renewable fuel sales.

The export contribution was particularly important as the company faced several operational headwinds. Weather-related disruptions to river logistics led to production curtailments at Alto Ingredients' Pekin campus, contributing to a 4% decline in overall volumes sold, or 3.7 million gallons. Nevertheless, higher-value export sales helped offset the volume shortfall and supported profitability.

Management also highlighted the broader role exports are playing in the ethanol market. During the first-quarter earnings call, executives noted that export demand has helped keep inventories balanced and supported industry margins. For ALTO, the first quarter demonstrated how access to premium international markets can enhance product realizations and provide a meaningful boost to earnings, even during operational and seasonal challenges.

GPRE & MGPI: Different Drivers of ProfitabilityGreen Plains Inc. (GPRE - Free Report) delivered a strong first-quarter 2026 turnaround, largely supported by robust market dynamics. Green Plains benefited significantly from a steady, sustainable pull in U.S. ethanol export demand, which helped balance inventories and provide critical margin support. Management highlighted that overseas blending mandates and international supply deficits continue to fuel this momentum, with Green Plains underscoring the importance of international demand in supporting margins during the quarter.

MGP Ingredients, Inc. (MGPI - Free Report) emphasized inventory optimization, cost management and balance-sheet stewardship during the first quarter of 2026. MGP Ingredients also added more than 20 new customers, reflecting continued demand for its differentiated spirits offerings. By focusing on premium products and customer acquisition, MGP Ingredients strengthened profitability despite ongoing challenges across the broader spirits industry.

ALTO Stock Price Performance, Valuation & EstimatesShares of Alto Ingredients have surged 427.1% over the past year against the industry’s decline of 2.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, ALTO trades at a forward price-to-sales ratio of 0.42, lower than the industry’s average of 2.83.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Alto Ingredients’ current fiscal-year earnings per share (EPS) implies a year-over-year surge of 671.4%, while the consensus mark for the next fiscal year’s EPS suggests growth of 53.7%.

Alto Ingredients currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Alto Ingredients, Inc. (ALTO - Free Report) : This specialty chemicals company has seen the Zacks Consensus Estimate for its current year earnings increasing 184.2% over the last 60 days.

FGI Industries Ltd. (FGI - Free Report) : This bath and kitchen products company has seen the Zacks Consensus Estimate for its current year earnings increasing 32.1% over the last 60 days.

Chegg, Inc. (CHGG - Free Report) : This edtech company has seen the Zacks Consensus Estimate for its current year earnings increasing 27.3% over the last 60 days.

AAON, Inc. (AAON - Free Report) : This heating and cooling equipment company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Dave Inc. (DAVE - Free Report) : This financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

Most companies go out of their way to keep their shares accessible. When a stock climbs too high, they authorize a split — cutting the price per share while multiplying the number of shares outstanding. Nothing changes about the business itself, but the move boosts liquidity, draws in more retail buyers, and often sparks fresh momentum. 

A handful of outliers, however, take the opposite path. They let the price keep rising, content with a premium valuation and a tight shareholder base. Seaboard (NYSEAMEX:SEB) is a textbook example. The stock currently trades at $5,554, just 1.7% below its all-time high above $5,654. And it has surged 50% in the last six months alone. For investors used to seeing triple-digit prices, a $5,000 share can feel intimidating, but is Seaboard worth it?

A Quiet Agribusiness and Global Logistics Giant Seaboard operates as a diversified multinational conglomerate with deep roots in food production, commodity trading, and ocean shipping. Its largest U.S. business is pork: the company raises hogs and processes premium fresh and frozen pork products sold under brands like Prairie Fresh to grocers, foodservice operators, and exporters. It also holds a controlling stake in Butterball, one of America’s biggest turkey producers. 

Internationally, Seaboard’s Commodity Trading and Milling segment sources and processes wheat, corn, soybeans, and other grains across Africa, South America, the Caribbean, and Asia, turning them into flour, feed, and oilseed products. The Marine division runs containerized shipping routes linking the U.S. with Central America, the Caribbean, and beyond — reliable routes that move everything from refrigerated cargo to consumer goods. 

Smaller units generate power in the Dominican Republic, produce biodiesel in the U.S., and manufacture sugar and alcohol in Argentina. This vertical integration — from farm to ship to market — gives Seaboard resilience few pure-play food or shipping companies can match.

Why the Stock Has Climbed So Sharply The recent rally traces directly to a powerful earnings rebound in 2025. After a softer 2024, full-year net earnings soared to $496 million from just $88 million the prior year. Earnings jumped more than fivefold to $514.46 per share as revenue grew 7% to $9.75 billion. Operating income also rose 53% on a one-time $170 million tax benefit from reversing a valuation allowance on U.S. deferred tax assets, but operating improvements were real and broad-based. Seaboard’s pork segment stayed solidly profitable amid favorable hog markets, while the Marine business gained from higher freight rates, new vessel deliveries, and expanded service routes. Its commodity trading and milling unit capitalized on global price swings and trading opportunities. 

With roughly 77% of revenue coming from outside the U.S., Seaboard also acts as a natural hedge against domestic economic jitters. Contributing to the forward momentum, management added a $100 million share-repurchase program running through 2027, signaling confidence, while the balance sheet ended the year with more than $1.2 billion in cash and low relative debt.

Will Seaboard Split Its Stock? Given the eye-popping price tag and relatively low daily trading volume, some investors wonder if a split is coming. History says no. Seaboard has never split its shares in more than five decades of public trading. The controlling Bresky family appears comfortable with a high per-share price and a tight float of roughly one million shares. 

Liquidity is thin by design, yet the company has never shown interest in changing that. Instead of chasing broader ownership through a split, Seaboard has returned capital via steady quarterly dividends ($2.25 per share) and opportunistic buybacks. For long-term holders, the lack of a split simply means each share represents a larger slice of a growing global enterprise.

Key Takeaway Wall Street coverage of Seaboard is sparse because of its low float and family-controlled structure, but independent technical analysis has upgraded the stock to a Strong Buy. At current levels, the shares trade near tangible book value with a rock-solid balance sheet and exposure to secular trends in global food security and shipping. 

Patient investors who can tolerate limited liquidity may find this $5,000 name worth owning as it pushes toward fresh highs, provided they believe the agribusiness and logistics tailwinds have further to run.

Posted by Defense World Staff on Apr 7th, 2026

SG Americas Securities LLC lifted its stake in shares of Seaboard Corporation (NYSEAMERICAN:SEB – Free Report) by 79.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 321 shares of the company’s stock after buying an additional 142 shares during the period. SG Americas Securities LLC’s holdings in Seaboard were worth $1,427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SEB. EverSource Wealth Advisors LLC lifted its stake in Seaboard by 160.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 13 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Seaboard by 328.6% in the third quarter. Russell Investments Group Ltd. now owns 30 shares of the company’s stock valued at $109,000 after purchasing an additional 23 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Seaboard by 20.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36 shares of the company’s stock valued at $103,000 after purchasing an additional 6 shares in the last quarter. Abel Hall LLC purchased a new position in Seaboard during the third quarter worth about $201,000. Finally, Brighton Jones LLC purchased a new position in Seaboard during the third quarter worth about $208,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

Seaboard Trading Down 1.7% Shares of SEB stock opened at $5,807.52 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 2.40. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 11.25 and a beta of 0.28. Seaboard Corporation has a 52-week low of $2,437.00 and a 52-week high of $5,932.39. The company has a 50-day simple moving average of $5,206.98 and a two-hundred day simple moving average of $4,471.90.

Seaboard (NYSEAMERICAN:SEB – Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $262.99 earnings per share for the quarter. The firm had revenue of $2.41 billion for the quarter. Seaboard had a return on equity of 10.01% and a net margin of 5.09%.

Seaboard Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd were given a $2.25 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $9.00 annualized dividend and a yield of 0.2%. Seaboard’s payout ratio is currently 9.93%.

Seaboard Profile (Free Report)

Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company’s principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard’s integrated business model spans the entire value chain—from feed grain procurement and hog production to finished pork products—enabling the company to capture efficiencies across each stage of its operations.

In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States.

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MERRIAM, Kan., May 5, 2026 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three months ended April 4, 2026 and March 29, 2025, in millions of dollars except share and per share amounts.

, /PRNewswire/ -- White Mountains Partners ("WMP"), a White Mountains operating company, announced today that it has acquired a majority interest in BaseSix Systems LLC ("Basesix" or the "Company"), a provider of building systems integration and aftermarket service.  Founded in 2018 and headquartered in Marietta, Georgia, Basesix provides the design, installation, retrofit, maintenance, and repair of mission critical, low voltage building systems for commercial and institutional customers across the fire & life safety, network & wireless, security & access control, and audio-visual disciplines. 

John Daly, White Mountains Partners' CEO and Managing Partner, said, "Basesix was founded with a vision to build a best-in-class multidisciplinary systems integration platform.  Under the leadership of Co-Founders, Robb Borden (CEO) and Chris Atwell (Executive Vice President), the Company's senior management team, and Basesix's divisional and functional Champions, the Company has achieved significant organic growth and earned an exceptional reputation for on-time, on-budget, high quality work for the most complex integration requirements.  We look forward to collaborating with Basesix to help enable the Company's next chapter of growth."

Robb Borden, Co-Founder and CEO, commented, "I would like to express my sincere gratitude to all Basesix employees.  Your unwavering dedication and hard work have been the driving force behind building the Company into what it is today.  We have now reached an inflection point in Basesix's evolution where the next logical step is to join forces with a strong financial partner to pursue the significant growth opportunities ahead, including opening new offices and strategic acquisitions.  We sought a capital partner who shared our core principles, unwavering culture, and strategic vision.  We are excited to partner with WMP to build upon our proven model of success."

Morgan, Lewis & Bockius LLP acted as legal counsel to WMP.  Deloitte Corporate Finance LLC acted as financial advisor and Miller & Martin PLLC acted as legal counsel to Basesix.

ABOUT BASESIX

Basesix simplifies building systems by transforming complex technologies into user-friendly integrated solutions.  With a broad brush, Basesix makes buildings, campuses, and environments safer, smarter, and simpler by combining our people and their talents with products designed for a purpose.  Our customers supply the need or desire, and we take it from there.  Additional information is available on Basesix's website located at www.basesix.com.

ABOUT WHITE MOUNTAINS PARTNERS

White Mountains Partners is a wholly-owned business unit of White Mountains Insurance Group, Ltd. (NYSE: WTM) and provides first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial and specialty consumer sectors.  Additional information is available on White Mountains Partners' website located at www.wtmpartners.com.

SOURCE White Mountains Partners LLC