Albemarle(ALB)
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Are These 5 Undervalued Stocks Ready to Break Out?
MarketBeat· 2024-03-08 14:11
Key PointsAlbemarle, Ionis, Insulet, Hess and Wynn are undervalued stocks with strong earnings performance.Recent years have favored growth stocks over value, but investors can still find individual undervalued stocks with strong fundamentals and growth potential.Identifying fundamentally sound undervalued companies allows investors to profit from market inefficiencies.5 stocks we like better than Abbott LaboratoriesAlbemarle Corp. NYSE: ALB, Ionis Pharmaceuticals Inc. NASDAQ: IONS, Insulet Corp. NASDAQ: PO ...
Why Shares of Albemarle Slumped This Week
The Motley Fool· 2024-03-08 11:03
Shares in lithium producer Albemarle (ALB 2.57%) were down by 14.1% in the week to Friday morning. The move comes in a week when Albemarle announced an offering of $1.75 billion in depositary shares on Monday and then increased the offering to $2 billion on Wednesday. The issuance puts the stock price under pressure as investors start pricing in a dilution of equity in the future when the shares are converted into common stock.Why Albemarle made the offeringAccording to the press release, Albemarle intends ...
Albemarle Preferred Shares: Get Paid To Wait For Lithium Price Improvement
Seeking Alpha· 2024-03-07 14:57
OlemediaTiming Could Have Been Better I recently wrote about Albemarle stock (NYSE:ALB) on 3/4/2024, upgrading my rating to a Buy. This turned out to be horrible timing, as the company announced a convertible preferred share offering (ALB.PR.A) later that day. The initial offering size was indicated to be $1.75 billion, but it was later upsized to $2 billion. In both cases, the underwriters have an option to purchase an additional 15% of these preferreds. That $2.3 billion issue amounts to 13.7% of Albe ...
The Top 7 EV Stocks to Buy in March 2024
InvestorPlace· 2024-03-06 22:38
In the race to electrify the automotive world, picking the top EV stocks to buy is pivotal for investors looking to capitalize on the sector’s explosive growth.Despite near-term hurdles such as competition and supply chain challenges, a few businesses have effectively weathered those challenges. With EV penetration accelerating, these frontrunners are poised for significant long-term expansion. All also present a golden opportunity for those with an eye on the future.Moreover, the EV market is on an impress ...
3 Top Metal Stocks Poised for Growth in the Green Energy Boom
InvestorPlace· 2024-03-06 17:50
When the global shift towards clean energy and decarbonization is in focus, the winners are not just green energy companies. There are other ways to benefit from positive industry tailwinds that’s likely to last beyond this decade. This column focuses on the top metal stocks to buy that are producers of critical minerals required in the adoption of green energy.As an example, the demand for copper will nearly double by 2035 on the back of energy transition. Mining companies will be challenged to meet the de ...
具有良好价值的锂生产商;股价与当前现货价格大致相同
海通国际· 2024-03-06 16:00
研究报告Research Report 29 Feb 2024 雅宝 (ALB US) 具有良好价值的锂生产商;股价与当前现货价格大致相同 [观Ta点bl聚e焦_yeImneveis1t]m ent Focus [Table_Info] (本报告为 2024 年 2 月 28 日发布的英文报告的翻译版。) 维持优于大市Maintain OUTPERFORM 将FY24-26的盈利下调15%/年;目标价格下调15% 评级 优于大市OUTPERFORM 现价 128.59美元 我们认为雅保的价值在于当前现货价格的普遍定价。我们预测中 目标价 170.00美元 期内公司锂价将逐步回升,低成本生产增长强劲。我们对这一积 极观点的主要阻力在于 1. 2024 年第一季度锂价环比下降 31%,可 市值 151.0亿美元 能进一步下调;2. 存货去库存,尤其是在中国,可能需要时间;3. 日交易额 (3个月均值) 3.8447亿美元 全球成本最低的锂资产之一的 Greenbushes 降产似乎不寻常,但我 已发行股份 117.40mn 们看到减产加速,中国更严格的环境措施限制产量,以及强劲的 自由流通股 (%) 100% ( ...
Albemarle Corporation (ALB) is Attracting Investor Attention: Here is What You Should Know
Zacks Investment Research· 2024-03-06 15:06
Albemarle (ALB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this specialty chemicals company have returned -3.2% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Chemical - Diversified industry, to which Albemarle belongs, has gained 7.8% over this period. Now the key question is: Where could the stock be headed in the near term?While media ...
ALBEMARLE ANNOUNCES UPSIZE AND PRICING OF PUBLIC OFFERING OF DEPOSITARY SHARES
Prnewswire· 2024-03-06 11:00
CHARLOTTE, N.C., March 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) ("Albemarle" or the "Company"), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced that it has priced its previously announced offering (the "Offering") of 40,000,000 depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of Series A Mandatory Convertible Preferred Stock of the Company ("Preferred Stock"), at a public offering price of $50 p ...
Albemarle (ALB) Accelerates Lithium Growth With $1.75B Offering
Zacks Investment Research· 2024-03-05 18:46
Albemarle Corporation (ALB) announced the commencement of an offering of $1.75 billion in depositary shares. Each depositary share represents a 1/20th interest in a share of Series A Mandatory Convertible Preferred Stock of the company in an underwritten registered public offering. Additionally, Albemarle anticipates granting the underwriters a 30-day option to purchase up to an additional $262.5 million of depositary shares, subject to market and other conditions.The net proceeds from the offering will be ...
Why Albemarle Stock Is Crashing Today
The Motley Fool· 2024-03-05 17:04
Albemarle (ALB -11.79%) stock slumped by double digits this morning and was trading 13.4% lower as of 10:40 a.m. ET Tuesday. The world's largest lithium producer is raising money to fund growth capital expenditures among other things, and the market believes it's a sign of how difficult the business environment remains for lithium companies.A move to bolster liquidity amid challengesAlbemarle said it plans to sell $1.75 billion worth of depositary shares, each representing 1/20th interest in mandatory conve ...