As previously reported, BofA upgraded Sigma Lithium (SGML) to Buy from Neutral with a price target of $17, up from $14. Alongside reporting Q4 earnings, Sigma announced a signed $50M prepayment, notes the analyst, who is more confident the company can navigate its near-term liquidity crunch to return to normal operations and scale. This provides near-term liquidity and allows Sigma to accelerate Phase 2 capex alongside the Phase 1 ramp, the analyst tells investors.
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