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The Best EV Stock You Haven't Considered
ALBAlbemarle(ALB) marketbeat.com·2024-05-27 10:04

Key PointsAlbemarle reported net sales of 1.4billioninQ12024,drivenbygrowthinenergystoragevolumes.AnalystsprojecttheglobalEVmarkettogrowto230millionvehiclesby2030,benefitingAlbemarlesignificantly.Thecompany’sstrategicinitiativesandproductivityimprovementsledto1.4 billion in Q1 2024, driven by growth in energy storage volumes.Analysts project the global EV market to grow to 230 million vehicles by 2030, benefiting Albemarle significantly.The company’s strategic initiatives and productivity improvements led to 90 million in cost savings in Q1 2024.Albemarle’s financial outlook for FY 2024 remains strong, with expected net sales between 5.5billionand5.5 billion and 7.6 billion.5 stocks we like better than AlbemarleMuch like the stoc ...