Battery stocks play a critical role in the burgeoning EV revolution. Moreover, McKinsey’s’ forecast shows the battery market is expected to grow to a whopping $400 billion by 2030. This represents a hefty 30% bump from 2022, outpacing estimates and electrifying investor prospects.Amid a robust U.S. economy, the Federal Reserve’s current hold on rate cuts hints at a fertile ground for future investment opportunities. This holds particularly true in growth sectors, including battery technology.Moreover, the a ...

CHARLOTTE, N.C., Feb. 19, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Albemarle Corporation's Chairman and CEO Kent Masters is scheduled to present at the BMO Capital Markets 2024 Investor Conference on Monday, Feb. 26, 2024, at 1:30 pm ET.A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website at http://inve ...

[Table_Title] 研究报告 Research Report [Table_summary] 15 Feb 2024 雅宝 Albemarle Corporation (ALB US) 库存亏损; 2024 财年指引:"选择和组合" Scott Darling Axel Leven scott.darling@htisec.com axel.leven@htisec.com [Table_yemei1] 热点速评 Flash Analysis 事件 我们预计 Albemarle 的 2023 年第四季度业绩将受到市场的负面影响，该公司报告的调整后净亏损为 6.095 亿美元， 远低于共识 1.239 亿美元，原因为 6 亿美元的库存损失。该公司提供了新的 2024 财年指导，息税折旧摊销前利润 处于比共识低 45% 到高 60%的范围区间，具体取决于全年的锂定价。尽管业绩如此，我们仍认为 Albemarle 公司 有投资价值，其股价远低于历史平均水平，在锂价环境下，中期内可能有更多上行风险。 点评 业绩增长，但因库存损失而出现净亏损： Albemarle 公布的 2023 年第四季度收入为 23.56 ...

Albemarle (ALB 2.72%) stock gained 2.7% on Thursday, following the giant lithium producer's release on the prior afternoon of its fourth-quarter 2023 report. This modest rise was likely in part due to the quarter's revenue and adjusted earnings per share (EPS) exceeding Wall Street's expectations. Shares also probably got a mild tailwind from the overall market, as all the major indexes were up. On the negative side, however, the North Carolina-based specialty chemicals company's 2024 revenue guidance came ...

Albemarle Corporation (ALB) logged a loss of $617.7 million or $5.26 per share in the fourth quarter of 2023. The figure deteriorated from a profit of $1,132.4 million or $9.60 per share a year ago.Adjusted earnings in the reported quarter came in at $1.85 per share, topping the Zacks Consensus Estimate of 99 cents.Revenues fell roughly 10.1% year over year to $2,356.2 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $2,289.8 million. The top line was hurt by lower lithium ma ...

Albemarle Corporation (NYSE:ALB) Q4 2023 Earnings Conference Call February 15, 2024 9:00 AM ET Company Participants Meredith Bandy - Vice President, Investor Relations and Sustainability Kent Masters - Chief Executive Officer Neal Sheorey - Chief Financial Officer Netha Johnson - President, Specialties Eric Norris - President, Energy Storage Conference Call Participants Stephen Richardson - Evercore ISI Colin Rusch - Oppenheimer Steve Byrne - Bank of America Josh Spector - UBS Jeffrey Zekauskas - JPMorgan V ...

Albemarle Q4 and FY 2023 Earnings Feb 15, 2024 9:00am ET Forward-Looking Statements This presentation, conference call and discussions that follow contain statements concerning our expectations, anticipations andbeliefs regarding the future, which constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subj ...

Albemarle (ALB) reported $2.36 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 10.1%. EPS of $1.85 for the same period compares to $8.62 a year ago.The reported revenue represents a surprise of +2.90% over the Zacks Consensus Estimate of $2.29 billion. With the consensus EPS estimate being $0.99, the EPS surprise was +86.87%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Wednesday, February 14th, 2024As we saw during today’s pre-market activity, investors were in a mood to kiss and make up from their stormy session yesterday — the worst of the year among all major indices. It is Valentine’s Day, after all. The Dow bid up a chunk of the 500+ points it lost yesterday, +150 points or +0.39%, and it was the low performer of the day. The S&P 500 gained +0.96%, while the Nasdaq climbed +203 points, +1.30%. The Russell 2000, again marching to the beat of its own drummer, grew +2.3 ...

Albemarle (ALB) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $8.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 86.87%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $3.70 per share when it actually produced earnings of $2.74, delivering a surprise of -25.95%.Over the last four quarters ...