IAG, HBM and USAU are among materials movers

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: May 22 2024

0mins

HLP+7.29%

LWLG+9.48%

NEWP+7.99%

Should l Buy HLP?

Source: SeekingAlpha

Gainers: Crown ElectroKinetics (CRKN) +17%, IperionX (IPX) +5%, Hongli Group (HLP) +5%
Losers: Iamgold (IAG) -13%, U.S. Gold (USAU) -12%, Lightwave Logic (LWLG) -10%, Hudbay Minerals (HBM) -9%, New Pacific Metals (NEWP) -9%
More on Materials Sector: XLB fueled by demands for green hydrogen, copper, and clean water; XLB surges to sector-performance lead with more upside likely; most shorted S&P 500 materials stocks in April; Barclays' advice on hedging against stagflation risk.

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Analyst Views on HLP

About HLP

Hongli Group Inc is a holding company mainly engaged in the manufacturing and sales of cold-rolled formed steel profiles. The Company is primarily engaged in the design, production, further processing and sales of customized profiles for machinery and equipment through its subsidiaries. The Company's products are primarily used in industries such as mining and excavation, construction, agriculture and transportation. The Company mainly distributes its products in domestic and overseas markets.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Hongli Group Stock Plummets 46% with RSI at 24.9

Jan 09 2026Benzinga

Stock Plunge: Hongli Group (NASDAQ:HLP) experienced a significant 46% drop in stock price over the past month, currently trading at $0.73 with an RSI of 24.9, indicating severe overselling and potential buying opportunities for investors.
Compliance Announcement: On October 6, Hongli Group announced compliance with Nasdaq's minimum bid price requirement, demonstrating its commitment to maintaining regulatory standards despite the sharp decline in stock value.
Market Reaction: On Thursday, shares of Hongli Group closed down 5.4%, reflecting investor concerns about the company's future performance, which could impact its financing capabilities and market confidence.
Technical Indicators: Benzinga Pro's signals indicate a potential breakout for HLP shares, although the current RSI suggests continued downside risk in the short term, necessitating cautious evaluation by investors.

Hongli Group Inc. Confirms Adherence to Nasdaq's Minimum Bid Price Standards

Oct 06 2025Newsfilter

Compliance with Nasdaq Requirements: Hongli Group Inc. has regained compliance with Nasdaq's minimum bid price requirement, as its ordinary shares have traded at or above $1.00 for 12 consecutive business days, resolving a previous deficiency notice.
Company Background: Hongli Group Inc. is a Cayman Islands holding company that operates through Shandong Hongli Special Section Tube Co., Ltd., specializing in manufacturing cold roll formed steel profiles for various industries, with a significant presence in China and international markets.