Xli Cycle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The recycler is struggling with delays and cost overruns

Battery recycler Li-Cycle plans to lay off 17% of its staff - including three senior executives - as it pares its ambitious global growth plans in order to save cash and focus on building a crucial processing facility in New York. The cuts, announced on Tuesday, are a tacit acknowledgement by the Toronto-based company that its rapid growth in recent years - with facilities announced across North America, Europe and Asia - was unsustainable given the high costs and technical challenges associated with building what is essentially a new global market for electric vehicle battery recycling. Li-...

TSP Capital Management Group LLC cut its holdings in Li-Cycle Holdings Corp. (NYSE:LICY – Free Report) by 87.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,000 shares of the company’s stock after selling 594,100 shares during the quarter. TSP Capital Management Group […]

TSP Capital Management Group LLC lessened its holdings in Li-Cycle Holdings Corp. (NYSE:LICY – Free Report) by 87.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,000 shares of the company’s stock after selling 594,100 shares during the […]

Li-Cycle Holdings Corp. (NYSE:LICY – Get Free Report) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among […]