The crisis is becoming an opportunity for down, but not out, EV stocks.All thanks to a resurgence of strong electric vehicle sales. As noted by Cox Automotive, “Electric vehicle sales in the U.S. grew by 11.3% year over year in the second quarter, reaching a record-high volume of 330,463 units, according to new estimates from Kelley Blue Book.” Even now, with sales only expected to accelerate, we need more EV charging stations. Unfortunately, we’re still waiting for that to happen.Even better, many of the t ...

In the latest trading session, Albemarle (ALB) closed at $93.81, marking a -1.34% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.78%. At the same time, the Dow lost 1.29%, and the tech-heavy Nasdaq lost 0.7%.Heading into today, shares of the specialty chemicals company had lost 4.48% over the past month, lagging the Basic Materials sector's gain of 1.42% and the S&P 500's gain of 2.14% in that time.The investment community will be paying close attention to the e ...

Investing in solid-state battery stocks can be lucrative for many investors given that there are numerous trends spearheading its developmentNew approaches to the creation of large-scale production processes and the enhancement of battery capability are the main areas of concern for companies. Advancements include the choice of materials for the solid electrolyte and the decrease of the production costs. For example, some firms are developing technologies that can leverage existing lithium-ion production fa ...

Although the media’s attention is centered firmly on the output of the technology ecosystem, it may be prudent to consider the input. After all, every great work of art requires a canvas to provide the physical medium of expression. In this sense, investors should consider advanced materials stocks rather than only focusing on individual tech brands.Please hear me out. I know this is the Internet so there’s always room for misinterpretation. I’m not suggesting that you abandon your approach to securing indi ...

While electric vehicles and perhaps electric vertical takeoff and landing (eVTOL) aircraft may represent the future of mobility, it’s quite a challenge to determine which specific manufacturing brand will win out. Not all brilliant companies make it to the finish line. For a possibly more prudent idea, it may be better to consider battery stocks.In this sector, you’re not trying to wager which team will win the competition. Rather, you’re selling tickets to the big game. Stated differently, it’s a crapshoot ...

CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Oct. 1, 2024, to shareholders of record at the close of business as of Sept. 13, 2024. For 30 consecutive years, Albemarle has raised its dividend.About AlbemarleAlbemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into cr ...

Investors are concerned about the fall in the price of the metal and the future demand/supply situation.After a 33.4% decline in the stock price in 2023, lithium miner Albemarle (ALB -2.43%) investors were hopeful that 2024 would bring better performance. However, the stock has continued to slide this year, with a 33.9% decline in the first half of the year, according to data provided by S&P Global Market Intelligence. It's a move as much about a deterioration in sentiment as it is about the decline in the ...

jroballo Introduction On April 8, I wrote an article titled "Dirt Cheap: Why Albemarle Is My Favorite EV Stock In A Horrible Market." As it turns out, the Albemarle Corporation (NYSE:ALB) has gotten even cheaper, falling 25% since then. The ongoing downtrend is so bad that it has pushed the stock below its 2018 highs. While ALB has still returned 10.5% annually since January 2004, it has returned just 57% over the past ten years - a horrible return, given the volatility investors had to go through. Dat ...

The shares of lithium producer Albemarle (NYSE:ALB) dropped about 9% yesterday to a multi-year low. ALB stock sank after two banks cut their price targets on the shares, citing the sharp decline of lithium prices. Although larger amounts of lithium are being used to power electric vehicle batteries, as global EV sales are increasing meaningfully, excess supplies of the metal have pushed down prices tremendously since late 2022.However, there are indications that lithium prices will rebound sharply in the lo ...

Key TakeawaysAlbemarle shares tumbled Tuesday to their lowest level since late 2020, as Baird trimmed its price target on the stock because of slumping lithium prices.Analyst Ben Kallo said lithium prices have been at or below the low end of estimates, leading to a weak second quarter for Albemarle.Another report found lithium prices fell to a 2024 low in June, and they're expected to remain depressed in July. Shares of Albemarle (ALB), the world’s biggest lithium producer, tumbled as Baird slashed its pric ...