My initial bearish thesis about Albemarle Corporation (NYSE: ALB ) aged well, as the stock became cheaper by around 17% since late January. Headwinds for lithium prices are poised to remain strong in the foreseeable future, which makes it difficultI am a highly experienced Chief Financial Officer (CFO) with a strong background in the oilfield and real estate industries. With over a decade of experience in finance, I have led numerous complex due diligence efforts and M&A transactions, both domestically and ...

The market expects Albemarle (ALB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

When investors want to measure the market's exposure to an individual stock to gauge sentiment and potential future moves for that name, they usually think in terms of shares bought or sold. However, there is another way that traders gain exposure to any given stock, which means a lot more when it comes to sending a message. Albemarle TodayALBAlbemarle$98.15 +4.64 (+4.96%) 52-Week Range$71.97▼$153.54Dividend Yield1.65%Price Target$117.30Add to WatchlistThrough stock options, traders gain the benefit of leve ...

Key Takeaways Albemarle shares soared after the U.S. government approved a new lithium mining project in Nevada. The approval marked a step forward for U.S. ambitions to boost domestic lithium production and reduce reliance on China for the key EV battery component. The U.S. Treasury Department also announced that it would broaden the scope of certain tax credits that previously excluded mining activities. Shares of Albemarle (ALB), the world's largest lithium producer, surged 5% on Monday, earning the top ...

Things are heating up in the lithium market. I recently wrote about Arcadium Lithium plc ( ALTM ) being dramatically undervalued, with the stock in the $2.50-2.70 range. More recently, Rio Tinto Group ( RIO ) announced an all-cashAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implement my Covered Cal ...

Analysts are feeling more optimistic about Johnson Controls, Albemarle, and Owens Corning.Wall Street analysts have recently raised their price targets on three exciting stocks with significant upside potential. Building technology company Johnson Controls (JCI -0.28%) is a major player in reducing carbon emissions and improving building efficiency. The prospects of lithium extractor Albemarle (ALB -2.56%) will improve as electric vehicle (EV) production grows. Roofing, insulation, and door specialist Owens ...

Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.Top ...

Albemarle (ALB) closed the latest trading day at $101.92, indicating a +1.66% change from the previous session's end. This change outpaced the S&P 500's 0.71% gain on the day. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.6%.The specialty chemicals company's shares have seen an increase of 27.52% over the last month, surpassing the Basic Materials sector's gain of 5.75% and the S&P 500's gain of 6.41%.Analysts and investors alike will be keeping a close eye on the performance ...

Company Restructuring - Albemarle Corporation announced a new operating structure transitioning from two core global business units (Energy Storage and Specialties) to a fully integrated functional model to increase agility, deliver significant cost savings, and maintain long-term competitiveness [1] - The restructuring is part of the company's comprehensive review of its cost and operating structure [1] - Effective Nov 1, Specialties Business President Netha Johnson will become chief operations officer, overseeing global manufacturing, research and technology, capital projects, and process chemistry execution [1] - Energy Storage Business President Eric Norris will become chief commercial officer, overseeing enterprise product management, sales, and commercial excellence [1] Leadership Changes - Melissa Anderson will become chief transformation officer, reflecting her current oversight of people, strategy, and transformation [2] - Stacy Grant will become general counsel, corporate secretary, and chief compliance officer, succeeding Kristin Coleman [2] - Cynthia Lima remains chief external affairs and communications officer and will add oversight responsibility for product stewardship [2] - Mark Mummert will become chief capital, resources, and integrated supply chain officer, with expanded responsibility for resources, joint venture management, customer service, and operational excellence [2] - Neal Sheorey remains chief financial officer and will add oversight responsibilities for information technology, global business services, and real estate [2] - Michael Simmons remains president of Ketjen, a wholly owned subsidiary [2] Financial Reporting and Updates - Albemarle will continue to report results across its three existing operating segments: Energy Storage, Specialties, and Ketjen [3] - The company will provide a further update on its cost and operating structure, including estimated financial impacts, during a conference call to discuss its third-quarter 2024 results scheduled for Nov 7 at 8 am ET [3] Industry and Company Outlook - The long-term growth potential of the industry is significant, and the new structure enables Albemarle to take greater advantage of its world-class resources, global conversion network, and process chemistry expertise while driving to a lower-cost structure [2] - The new operating structure is designed to flex with the complexities of the markets, improve customer centricity, and cost-effectively strengthen core capabilities to maintain the company's leadership position [2]

October 4, 2024 - Rises on news that Rio Tinto Plc (RIO, Financial) is considering lithium acquisitions, as reported by The Australian despite no guarantee of successful acquisition.The Australian report suggests that Rio Tinto Plc is considering Albemarle (ALB, Financial) and Arcadium Lithium (ALTM, Financial), two major players in lithium market, as potential targets. But it's important to note that negotiations are ongoing, and there is no guarantee of a successful acquisition.The interest in acquiring m ...