When will EnergyX IPO?
EnergyX hasn't announced a date for an initial public offering (IPO). The company's website states, "We are currently a private, pre-IPO company with no exchange to trade shares. There is no set date for a future, potential IPO. We will continue to include any new details that can be shared regarding developments toward such a potential future public offering in email updates to investors."
Even so, EnergyX seems to have incentives to launch an IPO. Global Emerging Markets, a private equity firm, said it would invest $450 million in EnergyX, which the lithium producer could use within 36 months of an IPO in exchange for warrants at an undisclosed strike price. The company also took $50 million in investments led by General Motors (GM -2.12%) in 2023, and another $225 million from energy company Eni in 2026.
Is EnergyX profitable?
Since it's not a publicly traded company, EnergyX isn't required to file detailed financial information with the SEC. However, according to recent filings that contain limited financial data, the company is far from profitable.
In a July 2024 filing, the company said it had lost $7.9 million in 2021, $18.4 million as of 2022, and a total of $33.4 million by the end of 2023. It said it expects to continue losing money because of the costs of building and operating pilot plants, buying equipment, and acquiring commercial contracts. In filings with the SEC, it reported a net loss of almost $20.8 million for its 2024 fiscal year and $20.9 million for its 2025 fiscal year.
Alternatives to EnergyX
Although EnergyX isn't publicly traded, it's still possible to invest in its common stock if it has an open Regulation A financing round. It claims almost 50,000 investors have put $178 million into the company, including a single $75 million crowdfunding offering, the most allowed under Regulation A by the U.S. Securities and Exchange Commission.
Investors also have several publicly traded lithium producers to consider, including:
- Albemarle (ALB +1.10%), which includes Panasonic (OTC:PCRFY) and Corning (GLW -2.39%) as top customers.
- Ganfeng Lithium (OTC:GNEN.F), a top supplier of lithium to EV manufacturers in China and the United States.
- Lithium Americas (LAC +0.34%), a more speculative stock but one that has received a $650 million equity investment from General Motors.
Investors should keep in mind that IPO stocks can be particularly unpredictable; going public doesn't mean that company shares will automatically reach a specific price. While some companies are expected to be clear winners, not every IPO stock will make investors happy. Just because you can buy an IPO stock doesn't mean you should.
Exchange-traded funds (ETFs) offer a hedge against volatility by providing investors with a basket of similar stocks. Instead of betting everything on one company, an ETF investor can spread the risk across multiple stocks. Here are three ETFs that are focused directly or indirectly on lithium:
- The Global X Lithium & Battery Tech ETF (LIT -0.70%), one of two ETFs that focus directly on the lithium battery market, manages about $1.57 billion in assets. It charges a 0.75% expense fee and has 41 holdings.
- The Amplify Lithium & Battery Technology ETF (BATT -1.30%) manages about $118.5 million in assets. Its expense ratio is 0.59%, and it holds 53 stocks.
- The Ark Autonomous Technology & Robotics ETF (ARKQ -1.69%) is managed by well-known investor Cathie Wood. Despite active management, the ETF's expense ratio is only 0.75%, and it aims to have between 30 and 50 holdings. As of mid-2026, it managed about $2.21 billion in assets.
How to buy stocks similar to EnergyX
Here are the steps you'll need to follow to buy one of these stocks.
- Open your brokerage account: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
- Search for the stock: Enter the ticker into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
