Albemarle(ALB)

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This Is the 1 Stock Powering the Electric Vehicle Revolution: Should You Buy?
The Motley Fool· 2024-04-20 15:13
There's a lot of positive momentum for this commodity producer -- but also major risks.We are in the midst of a major energy upheaval. After a century-plus of fossil-fuel domination, the world is moving more and more toward solar power, wind generation, and battery storage.For transportation, there's a major transition to battery electric vehicles (EVs) over internal combustion engine (ICE) vehicles. The demand for EVs is soaring, with analysts projecting they'll be the majority of vehicle sales by 2030. Bu ...
My Optimism About Albemarle Has Taken A Hit
Seeking Alpha· 2024-04-18 22:04
OlemediaThe past several months have not been exactly pleasant for shareholders of lithium giant Albemarle Corporation (NYSE:ALB). The specialty chemicals producer has seen its shares consistently underperform the market. As an example, we need only look at how the stock has fared since I last wrote a bullish article about it in January of this year. Even after the stock had fallen previously leading up to that point, shares have only achieved upside of 0.4% at a time when the S&P 500 has jumped by 8.8% ...
ALBEMARLE DONATES $1 MILLION TO CLEVELAND COMMUNITY COLLEGE TO FURTHER SUPPORT WORKFORCE DEVELOPMENT PROGRAMS
Prnewswire· 2024-04-17 10:50
Donation to support training and apprenticeship programs for growing regional industries CHARLOTTE, N.C., April 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced a $1 million donation to Cleveland Community College (CCC) for the purchase of equipment, supplies and facility improvements to benefit workforce training programs. The Shelby, NC-based college's programs are designed to strengthen th ...
Albemarle (ALB) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-15 22:56
Albemarle (ALB) ended the recent trading session at $120.50, demonstrating a -1.7% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.2%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 1.79%.Coming into today, shares of the specialty chemicals company had gained 0.36% in the past month. In that same time, the Basic Materials sector gained 1.63%, while the S&P 500 lost 0.85%.The investment community will be paying close attention ...
Wall Street Favorites: 3 Lithium Stocks with Strong Buy Ratings for April 2024
InvestorPlace· 2024-04-11 19:36
Crisis will lead to opportunity for lithium stocks.For one, the blood is flowing in the streets with many of the top lithium names. Two, some analysts now believe lithium prices may have bottomed out. As noted by Bank of America analyst Steve Byrne, “2023 marked a huge drop in lithium prices, as the market flipped from the 2022 deficit into surplus. Inventory levels in China for lithium carbonate were elevated in February but started to trend down in March [and pricing] started to show some strength. While ...
Here is What to Know Beyond Why Albemarle Corporation (ALB) is a Trending Stock
Zacks Investment Research· 2024-04-11 14:06
Albemarle (ALB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this specialty chemicals company have returned +1.5%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Chemical - Diversified industry, which Albemarle falls in, has gained 3.1%. The key question now is: What could be the stock's futur ...
Dividend Danger Zone: 3 Aristocrats on the Brink of a Payout Cut
InvestorPlace· 2024-04-10 17:10
Dividend Aristocrats are stocks that are members of the S&P 500 index and have raised their dividend payouts yearly for 25 years or more. It’s an exclusive list of companies. Of the thousands of stocks on the market, only 68 were cut. That shows just how difficult it is. Yet, becoming a Dividend Aristocrat doesn’t mean a stock will always be one. Earlier this year, Walgreens Boots Alliance (NASDAQ:WBA) was forced to cut its dividend to conserve cash. Before that, VF Corp (NYSE:VFC) slashed its payout by 70% ...
Embattled Albemarle Stock Scores Price-Target Hike
Schaeffers Research· 2024-04-10 14:25
The security has yet to overcome several levels of resistanceAlbemarle Corporation (NYSE:ALB) stock was last seen up 0.6% to trade at $129.90, after the chemicals manufacturing company nabbed a price-target hike from Citigroup to $135 from $125.The brokerage bunch is divided on ALB, with 12 calling it a tepid "hold" or worse, while 11 say "buy" or better. Meanwhile, short sellers are piling on. Short interest rose 16.3% in the last two reporting periods, and the 14.31 million shares sold short now make up 1 ...
3 Lithium Stocks to Turn $100,000 Into $1 Million: April 2024
InvestorPlace· 2024-04-08 21:19
Lithium stocks are possibly among the most ignored stories from being the hottest commodities in the markets. That’s the nature of the markets, as reactions tend to be on the extremes. Of course, the plunge in lithium price had to be discounted, but most lithium stocks seem to be trading at a valuation gap.For investors who are bullish on the lithium story for the long term, this is possibly the best time to accumulate lithium stocks. Estimates indicate lithium supply will increase to 2.14 million metric to ...
Albemarle Corporation to Release First-Quarter 2024 Earnings Results on Wednesday, May 1, 2024
Prnewswire· 2024-04-05 12:41
CHARLOTTE, N.C., April 5, 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 first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024. The company will hold a conference call to discuss its first-quarter 2024 results on Thursday, May 2, at 9:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found thr ...