Slow Stochastic
Previous Close | 204.97 |
Open | 208.30 |
Bid | 0.00 x 1800 |
Ask | 208.80 x 2200 |
Day's Range | 201.02 - 208.63 |
52 Week Range | 171.82 - 334.55 |
Volume | |
Avg. Volume | 2,300,864 |
Market Cap | 23.935B |
Beta (5Y Monthly) | 1.54 |
PE Ratio (TTM) | 6.54 |
EPS (TTM) | 31.19 |
Earnings Date | Aug 01, 2023 - Aug 07, 2023 |
Forward Dividend & Yield | 1.60 (0.78%) |
Ex-Dividend Date | Jun 15, 2023 |
1y Target Est | 265.98 |
The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money.” These refineries offer the opportunity to process lower-grade lithium, which is more abundant, into batteries suitable for EVs. At the same time, hedge fund managers and analysts see promise in another aspect of powering EVs – silicon carbide chips. The electric vehicle (EV) revolution is gaining
While Albemarle (ALB) faces headwinds from high input costs, it benefits from higher lithium volumes and actions to boost its global lithium capacity.
Lithium prices have crashed after a two-year bull run led by soaring demand in China. The spot price of lithium plunged 70% between last November and April of this year. The key component in electric vehicle (EV) batteries has been driven lower by a downturn in China’s EV market, and also by a weakening global economy and slumping consumer demand for electric vehicles worldwide. While the crash in lithium prices has been disheartening, it has brought down the prices of some high-flying stocks of
In addition to the supply of lithium hydroxide, Albemarle (ALB) and Ford plan to explore collaborations to build a closed-loop solution for lithium-ion battery recycling.
After a big rally in 2022, lithium has been in a correction mode. This does not come as a surprise to many investors, as profit-taking coupled with supply growth providing plenty of fodder for the recent correction. Accordingly, as lithium prices have declined, so too have the stock prices of some of the top lithium stocks. That said, I remain bullish on the long-term fundamentals for the lithium market. It’s therefore a good time to look at some of the best lithium stocks to buy after a correct
The top battery stocks are going to distinguish themselves as electric vehicle demand accelerates. According to the International Energy Agency about one out of every five cars will be electric this year globally. Of course, that’ll have a massive impact on EV battery demand, too. In fact, according to Fortune Business Insights, the global EV battery market could grow to about $98.9 billion by 2029 from $37.9 billion in 2021. All of which could be beneficial for these three battery stocks.Invest
(Bloomberg) -- Ford Motor Co. peppered investors with new battery-material sourcing agreements in a show of how it’s solidifying the supply chain it will need for a massive expansion in electric-vehicle production.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekThe tw
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. How easy is it to earn a million dollars? In their 1996 book The Millionaire Next Door, Thomas Stanley and William Danko made it sound effortless. In that now-classic book, they revealed that most American millionaires earned their wealth by simply saving money and wisely investing it.InvestorPlace - Stock Market News, Stock Advice & Trading Tips In fact, they
Albemarle (ALB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
U.S. stock index futures inched lower on Monday as China's ban on Micron revived trade worries between Beijing and Washington, ahead of lawmakers' talks about raising the U.S. debt ceiling after a brief pause late last week. In a move that was perceived as ramping up trade tensions between the two countries, China barred chipmaker Micron Technology Inc from selling memory chips to key domestic industries, sending its shares down 5% in premarket trading.
This face-off between two of the major producers of the EV battery metal should help you make investing decisions in this space.
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced a definitive agreement with Ford Motor Company to deliver battery-grade lithium hydroxide to support the automaker's ability to scale electric vehicle (EV) production.
As electric cars gain more mainstream attention, numerous EV stocks have emerged as winners over the past decade. Of course, Tesla (NASDAQ:TSLA) has led the way, providing life-changing returns for those who bet on the success of Elon Musk’s vision. However, with the market maturing, there are plenty of other opportunities to consider. Competition is picking up, making this a hot space with more options than ever for investors to pick the “next Tesla.” Indeed, not all EV stocks are created equal
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced that Scott Tozier, chief financial officer, and Meredith Bandy, vice president of investor relations and sustainability, will participate in a fireside chat at TD Cowen Sustainability Week on Tuesday, June 6.
In this article, we discuss 10 stocks to sell in 2023 according to billionaire Steve Cohen. If you want to see more stocks in this selection, check out 5 Stocks to Sell in 2023 According to Billionaire Steve Cohen. Point72 Asset Management of billionaire Steve Cohen recently disclosed its Q1 holdings. The fund’s portfolio worth […]
Lithium demand – and related lithium stocks could go into overdrive, especially with electric vehicle sales set to accelerate. According to the International Energy Agency (IEA), “Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth.” In addition, the IEA noted, “The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 20
Even the most experienced investors have only so many hours in the day to perform their due diligence. That’s where analyst ratings can be helpful. Analyst upgrades and downgrades frequently move stocks. Analysts spend a great deal of time covering a particular stock or an entire sector. This gives them access to information and company insiders that retail investors don’t have. One of an analyst’s key responsibilities is to issue a rating and/or price target for the stocks that they cover. Many
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Meta, Charles Schwab, Albemarle, and Gilead Sciences. Loop Capital upgraded Meta Platforms (NASDAQ:META) to Buy from Hold with a Street high price target of $320.00, as InvestingPro reported in real time. Charles Schwab (NYSE:SCHW) shares rose more than 4% yesterday after Raymond James upgraded the company to Outperform from Market Perform, establishing a $63 target price.
Top materials stocks this month include Patriot Battery Metals Inc. (PMETF), Sigma Lithium Corp. (SGML), and NGEx Minerals Ltd. (NGXXF), the share prices of which have each more than doubled in the last year. Materials stocks have underperformed the broader market in the past year amid volatile commodities prices. The benchmark Materials Select Sector SPDR Fund (XLB) fell 3% over the past 12 months, while the Russell 1000 Index rose by 4%.
After falling consistently in recent months, Albemarle (NYSE: ALB) stock reversed course this week and was trading up 10% as of 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Bumper numbers from Albemarle and lithium prices rebounding after a steep recent fall proved to be the perfect catalysts for investors to hit the buy button. Lithium carbonate prices hit 19-month lows on April 24 on oversupply concerns and fears of declining electric vehicle (EV) sales.
Currently, lithium carbonate, a key ingredient in EV batteries, is down some 70% from highs but back to where it was priced just in late 2021. Bear in mind that Albemarle, a global mining company that has been around for decades, made a hard pivot to lithium in the last few years. This explains why Albemarle's first-quarter 2023 revenue more than doubled year over year, up 129% to $2.6 billion.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Albemarle, Euronav, Arcturus Therapeutics, and Palo Alto Networks. KeyBanc upgraded Albemarle (NYSE:ALB) to Overweight from Sector Weight with a price target of $270, as reported in real time on InvestingPro. KeyBanc expects demand for lithium in China to improve after a downturn that started in November 2022, noting that its recent checks from the Li industry in China indicate that inventories at the battery cell/EV OEM level are declining, and could bottom out in the coming months.
The electric vehicle boom is only accelerating, creating a big opportunity for EV stock winners. In fact, according to the International Energy Agency, we could see 14 million EVs sold this year alone. Toyota Motor (NYSE:TM) recently said it’s targeting 1.5 million EV sales by 2026, and will launch 10 new EVs in the next three years. Volkswagen (OTCMKTS:VWAPY) just saw a 42% jump in EV sales in the first quarter. Even the Environmental Protection Agency wants up to 60% of all new U.S. car sales
Albemarle Corp hopes to expand its lithium operations in Chile's Atacama salt flat as early as 2028 with direct lithium extraction (DLE) technology under its current government contract, Ignacio Mehech, the company's Chile manager, told Reuters. "Depending on environmental and other permits needed in Chile, as well as scaling technologies, we believe (DLE) should be implemented, if everything goes well, towards 2028 or 2029," Mehech said during an interview at the company's Atacama lithium mining operations.
The electric vehicle market continues to move from strength to strength, and investors hunting for the best lithium mining stocks for the EV revolution are in for a treat. Despite the sector experiencing a relatively rocky start to the year, savvy investors are effectively seeking the best lithium stocks to buy at a considerable discount. A McKinsey report predicts that the demand for lithium carbonate equivalent will blow up by an astonishing 500% to 700% between 2021 and 2030, pointing to a ma