jroballo Introduction On April 8, I wrote an article titled "Dirt Cheap: Why Albemarle Is My Favorite EV Stock In A Horrible Market." As it turns out, the Albemarle Corporation (NYSE:ALB) has gotten even cheaper, falling 25% since then. The ongoing downtrend is so bad that it has pushed the stock below its 2018 highs. While ALB has still returned 10.5% annually since January 2004, it has returned just 57% over the past ten years - a horrible return, given the volatility investors had to go through. Dat ...

The shares of lithium producer Albemarle (NYSE:ALB) dropped about 9% yesterday to a multi-year low. ALB stock sank after two banks cut their price targets on the shares, citing the sharp decline of lithium prices. Although larger amounts of lithium are being used to power electric vehicle batteries, as global EV sales are increasing meaningfully, excess supplies of the metal have pushed down prices tremendously since late 2022.However, there are indications that lithium prices will rebound sharply in the lo ...

Key TakeawaysAlbemarle shares tumbled Tuesday to their lowest level since late 2020, as Baird trimmed its price target on the stock because of slumping lithium prices.Analyst Ben Kallo said lithium prices have been at or below the low end of estimates, leading to a weak second quarter for Albemarle.Another report found lithium prices fell to a 2024 low in June, and they're expected to remain depressed in July. Shares of Albemarle (ALB), the world’s biggest lithium producer, tumbled as Baird slashed its pric ...

Investors looking for opportunities will always be interested in high-potential stocks capable of turning $5K into $50K. Realistically speaking, securing 10x returns is not particularly easy. The most obvious route to do so is through penny stocks. However, penny stocks often produce losses and are too unstable for the majority of investors. A smarter, safer route is to identify currently strong companies with the potential for rapid fundamental improvements over several years. Stock picks within this group ...

As the global push toward electric vehicles (EVs) and renewable energy intensifies, the battery market is poised for significant growth. By 2030, it’s expected that nearly 60% of new cars sold globally will be electric. This forms the basis of my article for undervalued battery stocks to buy.Furthermore, the lithium-ion battery market alone, valued at $54.4 billion in the U.S. in 2023, is projected to grow at a compound annual growth rate (CAGR) of 20.3% through 2030​.In addition to lithium-ion, solid-state ...

In the latest market close, Albemarle (ALB) reached $99.15, with a +0.81% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.1%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, added 0.28%.The specialty chemicals company's shares have seen a decrease of 14.43% over the last month, not keeping up with the Basic Materials sector's loss of 0.98% and the S&P 500's gain of 4.08%.Market participants will be closely following the financial r ...

omersukrugoksuArkansas is hot right now, hot for lithium and Albemarle (NYSE:ALB) is joining the party. Albemarle has filed with the Arkansas Oil and Gas Commission to obtain permission to extract lithium (from its preexisting bromine operation) via a pilot plant. The intent is to begin testing lithium extraction. This is the same play book that Standard Lithium (SLI) used in Arkansas. Per the Arkansas Oil and Gas Commission (AOGC) we can see the Albemarle pilot plant application: Lithium Application ...

CHARLOTTE, N.C., July 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its second-quarter 2024 earnings after the NYSE closes on Wednesday, July 31, 2024.The company will hold a conference call to discuss its second-quarter 2024 results on Thursday, August 1, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be foun ...

Albemarle Corporation NYSE: ALB is a global leader in the production of basic materials for a diverse range of industries, including energy, electric vehicles (EV), and healthcare. The company's commitment to sustainable practices was recently showcased during its fourth annual Sustainability Day event. Get Albemarle alerts:A Focus on Sustainability: Albemarle's Annual EventAlbemarle TodayALBAlbemarle$96.27 -4.01 (-4.00%) 52-Week Range$92.29▼$247.44Dividend Yield1.66%P/E Ratio35.01Price Target$155.78Add to ...

CHARLOTTE, N.C., June 27, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announces the release of its fourth annual Sustainability Day. The video features Albemarle executives discussing key highlights from the company's 2023 Sustainability Report, All the Elements for a Better World. Albemarle Sustainability Day Highlights "Sustainability is embedded in our purpose, strategy and value proposi ...