- NACCO will be the main mine builder and operator of Lithium America's Thacker Pass in Nevada.
- The company is exiting the coal mining business over time, in favor of more environmentally friendly, higher-growth operations.
- Profitable operations (12% net profit margin on trailing results) and a solid balance sheet are noteworthy.
- The stock may be mispriced as a dying coal business, as other segments will provide the bulk of sales and all the growth into 2023-24.
- Underlying technical strength is evident on NACCO's chart.
For further details see:
Backdoor U.S. Lithium Play: NACCO