Insights

Could the Vulcan Energy (ASX:VUL) share price hit $22 by the end of 2021?

Can the Vulcan Energy share price
The post Could the Vulcan Energy (ASX:VUL) share price hit $22 by the end of 2021? appeared first on The Motley Fool Australia. –

The Vulcan Energy Resources Ltd (ASX: VUL) share price has been a sensational performer in 2021.

Since the start of the year, the lithium developer’s shares have risen a remarkable 375% to $13.18.

Could the Vulcan Energy share price hit $22 by the end of the year?

Given how much the Vulcan Energy share price has risen in 2021, it might come as a surprise to learn that one broker still sees significant potential upside ahead.

According to a recent note out of Germany-based Alster Research, its analysts have a buy rating and $22.00 price target on the company’s shares.

Based on the current Vulcan Energy share price, this implies potential upside of 67% for investors.

In light of this, this broker appears to see scope for the company’s shares to be trading in or around $22.00 by the end of the year.

Why is the broker bullish?

Alster Research notes that Vulcan recently raised $200 million through a placement of 14.8 million shares for $13.50 per new share. It believes this leaves the company well-positioned for the future.

The broker commented: “Due to the placement, Vulcan will have the scope to execute a targeted acquisition of existing brownfield energy and brine infrastructure. The additional capital also widens the leeway to act opportunistically, and thus to accelerate the process of ramping up production further.”

“Vulcan Energy provides a rare opportunity to benefit from the strongly growing lithium growth trajectory and, by the same token, to participate in a project directly located in Germany, a heartland of automotive industry. We raise our PT to AUD 22.00 (old PT: AUD 19.50), equivalent to EUR 13.65, and reiterate our BUY recommendation,” it concluded.

All in all, this could make the Vulcan Energy share price one to watch in the coming months.

The post Could the Vulcan Energy (ASX:VUL) share price hit $22 by the end of 2021? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Vulcan right now?

Before you consider Vulcan, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Vulcan wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Which ASX 300 shares are leading the way on Monday?

Why MyDeal, Senex, Superloop, and Vulcan shares are surging higher

Why the Vulcan (ASX:VUL) share price is jumping 11% on Monday

Why the Vulcan (ASX:VUL) share price is in a trading halt

Why has the Vulcan Energy (ASX:VUL) share price plunged 27% in a month?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!