Lithium demand for energy storage
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Baird Raises Albemarle (ALB) Price Target as Lithium Market Optimism Grows
Yahoo Finance· 2025-12-03 19:56
Core Insights - Albemarle Corporation (NYSE:ALB) is recognized among the 15 Dividend Stocks that outperform the S&P 500 [1] - Baird upgraded Albemarle to Neutral from Underperform and raised its price target to $113 from $81, citing optimism in lithium demand for energy storage [2] - The company reported strong Q3 2025 results with revenues of $1.3 billion, exceeding estimates by $27.65 million, and adjusted EBITDA increased by 7% to $226 million [3] Financial Performance - Third-quarter cash from operations was $356 million, reflecting a 57% increase or $128 million year-over-year [4] - Year-to-date cash from operations reached $894 million, up 29% or $202 million, driven by cost and productivity gains [4] - Albemarle expects to generate positive free cash flow of $300–$400 million for the full year 2025 [4] Strategic Developments - On October 27, Albemarle announced agreements to sell its stakes in Ketjen and the Eurecat joint venture, expected to generate combined pre-tax proceeds of approximately $660 million [5] - The company is one of the world's largest lithium producers, with refining facilities in the US, Chile, and China [5]