While the estimation of just how high manufacturer Albemarle's (ALB 2.25%) stock can rise may have dipped from his previous thinking, Christopher Kapsch, an analyst at Loop Capital still sees ample upside. Trimming his previous price target of $168, Kapsch last week said he sees shares of Albemarle headed to $162, and he maintains a buy rating on the lithium company's stock.Based on the stock's Monday afternoon price of $124.18, Kapsch's price target implies an upside of about 30% over the next 12 months or ...

Lithium carbonate prices are taking a dive due to a significant decline in demand from China. After rising manyfold in 2022, the increasing stocks of the precious metal are leading to depressed prices, which has had a knock-on effect on lithium stocks. However, the long-term outlook of lithium stocks remains strong due to the strong uptick in demand for electric vehicles. As a result, experts are forecasting that lithium carbonate prices might stabilize between $20,000 and $25,000 per metric ton from 2024 t ...

Electric vehicle stocks have corrected in the near term with factors like competition and macroeconomic headwinds impacting sentiments. However, in terms of EV adoption, the global markets are still in an early stage. In the coming years, quality EV companies will create massive value. Among the various investment options, lithium stocks are worth considering for millionaire-making potential.As the global demand for batteries increases, lithium is likely to trend higher. The recent plunge is therefore a goo ...

D3signAllTheThings China lithium carbonate spot prices look to have bottomed The lithium sector has been hit severely the past year, with the lithium spot price down ~80%. As a result, most lithium stocks are now badly beaten down, albeit after a huge rise in 2021 and 2022 as lithium prices surged. 5 year China lithium carbonate spot price chart (source) Trading Economics CITIC Futures forecasts China lithium carbonate prices to average CNY 100,000 in 2024, with Jiangxi lepidolite costs of production ...

A month has gone by since the last earnings report for Albemarle (ALB) . Shares have added about 2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Albemarle due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Albemarle's Earnings and Revenues Beat Estimates in Q4Albe ...

Even experienced investors can get sucked in by the fear of missing out (FOMO). This frequently leads to chasing stocks that are trading above their intrinsic value. By contrast, value investing is buying stocks trading for less than their intrinsic value. Finding undervalued value stocks helps you take your emotions out of investment decisions. These stocks frequently have solid fundamentals that present an attractive risk-reward ratio.   For example, value investors frequently target cyclical stocks such ...

Despite recent discoveries of America’s mass of lithium deposits, the landscape around mining in the processing of lithium remains complex. Yet, demand for elemental lithium set an all-time high thanks to electric vehicle manufacturing and battery cell technology advancements. For investors, this presents a complicated, interconnected world of companies as lithium becomes ever more central to the global economy.To determine if a particular lithium-centered company has potential, investors should focus on re ...

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the latest on lithium miner Albemarle (ALB 5.43%), the lithium market, and whether Albemarle is a buy right now.*Stock prices used were from the afternoon of March 5, 2024. The video was published on March 11, 2024. ...

There's been plenty of attention paid to the direction of the electric vehicle (EV) industry recently. After rapid growth from early adopters and fans of the products, growth seems to have notably slowed in 2024. One EV-related company feeling the effects of this slowdown is lithium supplier Albemarle (ALB 5.86%).Wall Street analyst Vincent Andrews at Morgan Stanley recently sent out a note documenting just how much the slowdown in EV sales is impacting Albemarle. Andrews reduced his firm's price target on ...

Battery stocks reflect the gradually slowing market for electric vehicles (EVs) over the past few years. Many battery manufacturers and producers of battery technology rely on EV production as their main source of demand and revenue. Given the risk and poor performance of EV stocks late last year, many battery stocks went with them. While some investors may be hesitant to board what they believe is a sinking ship, this dip in price has placed these three excellent stocks in the painfully undervalued categor ...