As the world accelerates its transition towards renewable energy, battery stocks remain at the forefront of this global shift. Heading into the summer of 2024, the demand for high-performance, sustainable battery solutions is more critical than ever.As per McKinsey & Company, the lithium-ion battery market is expected to grow to more than $400 billion by 2030. This demand is expected to be driven by a regulatory push towards sustainability and an uptick in consumer demand for electric vehicles.This increasi ...

Investors in Albemarle Corporation (ALB) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $65.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

Wall Street analysts expect Albemarle (ALB) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year decline of 92.8%. Revenues are expected to be $1.4 billion, down 40.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 17% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its ea ...

The crisis is becoming an opportunity for down, but not out, EV stocks.All thanks to a resurgence of strong electric vehicle sales. As noted by Cox Automotive, “Electric vehicle sales in the U.S. grew by 11.3% year over year in the second quarter, reaching a record-high volume of 330,463 units, according to new estimates from Kelley Blue Book.” Even now, with sales only expected to accelerate, we need more EV charging stations. Unfortunately, we’re still waiting for that to happen.Even better, many of the t ...

In the latest trading session, Albemarle (ALB) closed at $93.81, marking a -1.34% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.78%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.7%.Heading into today, shares of the specialty chemicals company had lost 4.48% over the past month, lagging the Basic Materials sector's gain of 1.42% and the S&P 500's gain of 2.14% in that time.The investment community will be paying close attention to the e ...

Investing in solid-state battery stocks can be lucrative for many investors given that there are numerous trends spearheading its developmentNew approaches to the creation of large-scale production processes and the enhancement of battery capability are the main areas of concern for companies. Advancements include the choice of materials for the solid electrolyte and the decrease of the production costs. For example, some firms are developing technologies that can leverage existing lithium-ion production fa ...

Although the media’s attention is centered firmly on the output of the technology ecosystem, it may be prudent to consider the input. After all, every great work of art requires a canvas to provide the physical medium of expression. In this sense, investors should consider advanced materials stocks rather than only focusing on individual tech brands.Please hear me out. I know this is the Internet so there’s always room for misinterpretation. I’m not suggesting that you abandon your approach to securing indi ...

While electric vehicles and perhaps electric vertical takeoff and landing (eVTOL) aircraft may represent the future of mobility, it’s quite a challenge to determine which specific manufacturing brand will win out. Not all brilliant companies make it to the finish line. For a possibly more prudent idea, it may be better to consider battery stocks.In this sector, you’re not trying to wager which team will win the competition. Rather, you’re selling tickets to the big game. Stated differently, it’s a crapshoot ...

CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Oct. 1, 2024, to shareholders of record at the close of business as of Sept. 13, 2024. For 30 consecutive years, Albemarle has raised its dividend.About AlbemarleAlbemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into cr ...

Investors are concerned about the fall in the price of the metal and the future demand/supply situation.After a 33.4% decline in the stock price in 2023, lithium miner Albemarle (ALB -2.43%) investors were hopeful that 2024 would bring better performance. However, the stock has continued to slide this year, with a 33.9% decline in the first half of the year, according to data provided by S&P Global Market Intelligence. It's a move as much about a deterioration in sentiment as it is about the decline in the ...