Lithium has become the rockstar of the investment world, powering the surge in electric vehicle (EV) demand, as known purveyors of lithium products continuously strike it rich. The lithium carbonate market rollercoaster saw a sharp 62% plunge over the last year, but a wholesale resurrection seems imminent with a 20% upswing this year, as per Koyfin data. Credit this revival to a vibrant Chinese market and watch as select lithium stocks bask in the glow of rising prices.

Strangely, lithium stocks lie at the belly of the market, brushing 12-month lows and beckoning bargain hunters into their den. The crème de la crème of Wall Street has singled out a trio of these charged-up lithium stocks for some extra love. Feast your eyes on these top picks for a potentially electrifying portfolio.

Behold Ganfeng Lithium (OTCMKTS:GNENF), a behemoth hailing from China and reigning over the global lithium realm. This titan has inked mighty alliances with revered names in the battery and EV domain such as LG Chem, Volkswagen (OTCMKTS:VWAGY), BMW (OTCMKTS:BMWYY), and the illustrious Tesla (NASDAQ:TSLA).

Not content to mine solely in the land of dragons, Ganfeng has extended its reach to prominent lithium projects worldwide, ranging from Caucharí-Olaroz in Argentina to Sonora in Mexico, and from Mt Marion in Australia to Bacanora in the U.K. Despite recent financial turbulence caused by a lithium deluge in China, the company’s chairman prophesies a bullish wave cresting over the horizon as market conditions stabilize. Offering an enticing forward earnings multiple of 8.1 times and a resounding “Buy” verdict from a consortium of Wall Street savants, Ganfeng Lithium eagerly awaits the impending EV renaissance to reward its steadfast investors.

The undisputed kingpin of the lithium universe, Albemarle (NYSE:ALB), gazes down from its lithium citadel, boasting a diverse array of lithium assets in its possession. With brine operations stretching across the Chilean and Argentinean expanse, hard rock mines dotting the Australian terrain, and joint ventures sprouting in China and the U.S., Albemarle’s grip on the market remains unassailable.

After amassing a mammoth $7 billion in revenue in 2022, ALB reveled in the spoils of soaring lithium rates. However, the specter of dwindling lithium valuations cast a pall over its finances in 2023, causing a 10.1% revenue dip and an earth-shattering 160% EPS plunge in the fourth quarter. Despite surpassing estimates and countering Wall Street projections, ALB shares tumbled a formidable 15% since the dawn of the year, courtesy of investor anxiety surrounding lithium’s future. Yet, with interest rates poised to wane in the near horizon, triggering a vehicular renaissance and igniting demand for lithium, ALB’s fortunes could soon turn.