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The firm is leveraging the power of basic sugar plants and converting them into hydrocarbon molecules through fermentation.Īmyris, Inc. (NASDAQ:AMRS) is an Emeryville, California-based renewable chemical company. (NYSE:LAC) was held by 9 hedge funds as of Q2 2022. Of the 895 hedge funds in Insider Monkey’s database, Lithium Americas Corp. The analyst anticipates the demand and supply of lithium to find equilibrium in 2025 as new lithium projects start to come online gradually, playing in favor of Lithium Americas Corp. (NYSE:LAC) stock with a target price of $41 and a Buy rating on October 27. Riley resumed coverage on Lithium Americas Corp. Based on these circumstances, Matthew Key at B. The commodity has a stellar outlook due to its use in electric vehicles (EVs), which is expected to provide support to pricing in the short term. (NYSE:LAC) one of the best Reddit stocks to invest in. Since the start of 2021, lithium has been one of the best-performing commodities, making Lithium Americas Corp. (NYSE:LAC) stock a strong play in the lithium market. Redditors consider Lithium Americas Corp. (NASDAQ: TSLA) are among the best Reddit stocks gaining investor attention on the social media platform recently. As a result, the stock prices skyrocketed, with GameStop increasing by more than 1000% within only two weeks.

Retail investors started purchasing “meme-stocks,” such as GameStop and AMC Entertainment, due to the information shared on Reddit. This onslaught was driven by various objectives, including making profits and the need to pressure hedge funds into covering their short bets. Investors looking to manipulate the market posted information on the social media platform, pushing the general public to acquire shares in the expectation of capital gains. Reddit played an integral role in some of the most famous short squeezes of 2021. Reddit has introduced thousands to the investing world, and the subreddits on the social news aggregation platform are actively used to discuss investment ideas that can provide a high return on investment (ROI). Leading subreddits like r/WallStreetBets, r/stocks, and r/investing boast 12.9 million, 4.8 million, and 2.1 million members, respectively, as of Q3 2022. Reddit has emerged as an important platform for investors in the last couple of years.

In this article, we will take a look at the 12 best Reddit stocks to invest in.