Lithium stocks have been among the worst performers in 2023 and into 2024. As of this writing, investors are seeing many of the stocks of the big name lithium producers trading near 52-week lows. The issue is one of supply and demand. Lithium producers scaled production in early 2023 on anticipated demand for lithium-ion batteries, particularly in the electric vehicle (EV) market.  But the EV revolution has hit a snag for several reasons. And that’s left that market oversupplied. Plus, a fickle economy has ...

Albemarle (ALB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this specialty chemicals company have returned -2.6% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Chemical - Diversified industry, to which Albemarle belongs, has lost 2.1% over this period. Now the key question is: Where could the stock be headed in the near term?Although medi ...

The lithium sector has lost its charge over the past year. Investors had gravitated to lithium stocks as seemingly inevitable winners in the EV revolution. But as EVs had an off year, demand for lithium plunged.This led to a regrettable turn of events for the lithium sector; the Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) has fallen more than 35% over the past 12 months. As a result, LIT shares are now back to levels last seen in 2020 despite all the progress in the EV space since then.Some investors ...

Today’s factories depend on technology for optimal and efficient assembly processes, and these new methods require semiconductors, chips and batteries to function. If that wasn’t enough, a growing percentage of the population has access to laptops and smartphones, not to mention the developed nation’s tendency to shift toward electric vehicles. Lithium stocks are set for a boom in the coming years, an indispensable addition to your portfolio.Sociedad Quimica y Minera de Chile (SQM)Source: madamF / Shutterst ...

Albemarle Corporation (NYSE:ALB) stock was last seen down 6.4% at $114.79, despite today announcing a multi-year agreement with the BMW Group for lithium for hydroxide supplies. The shares are down 55.2% over the last 12 months, and last week ran into resistance from a trendline that has historically generated headwinds.Albemarle stock is within one standard deviation of its 80-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White's data, the equity saw five similar signals in the last ...

Battery stocks play a critical role in the burgeoning EV revolution. Moreover, McKinsey’s’ forecast shows the battery market is expected to grow to a whopping $400 billion by 2030. This represents a hefty 30% bump from 2022, outpacing estimates and electrifying investor prospects.Amid a robust U.S. economy, the Federal Reserve’s current hold on rate cuts hints at a fertile ground for future investment opportunities. This holds particularly true in growth sectors, including battery technology.Moreover, the a ...

CHARLOTTE, N.C., Feb. 19, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Albemarle Corporation's Chairman and CEO Kent Masters is scheduled to present at the BMO Capital Markets 2024 Investor Conference on Monday, Feb. 26, 2024, at 1:30 pm ET.A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website at http://inve ...

[Table_Title] 研究报告 Research Report [Table_summary] 15 Feb 2024 雅宝 Albemarle Corporation (ALB US) 库存亏损; 2024 财年指引:"选择和组合" Scott Darling Axel Leven scott.darling@htisec.com axel.leven@htisec.com [Table_yemei1] 热点速评 Flash Analysis 事件 我们预计 Albemarle 的 2023 年第四季度业绩将受到市场的负面影响，该公司报告的调整后净亏损为 6.095 亿美元， 远低于共识 1.239 亿美元，原因为 6 亿美元的库存损失。该公司提供了新的 2024 财年指导，息税折旧摊销前利润 处于比共识低 45% 到高 60%的范围区间，具体取决于全年的锂定价。尽管业绩如此，我们仍认为 Albemarle 公司 有投资价值，其股价远低于历史平均水平，在锂价环境下，中期内可能有更多上行风险。 点评 业绩增长，但因库存损失而出现净亏损： Albemarle 公布的 2023 年第四季度收入为 23.56 ...

Albemarle (ALB 2.72%) stock gained 2.7% on Thursday, following the giant lithium producer's release on the prior afternoon of its fourth-quarter 2023 report. This modest rise was likely in part due to the quarter's revenue and adjusted earnings per share (EPS) exceeding Wall Street's expectations. Shares also probably got a mild tailwind from the overall market, as all the major indexes were up. On the negative side, however, the North Carolina-based specialty chemicals company's 2024 revenue guidance came ...

Albemarle Corporation (ALB) logged a loss of $617.7 million or $5.26 per share in the fourth quarter of 2023. The figure deteriorated from a profit of $1,132.4 million or $9.60 per share a year ago.Adjusted earnings in the reported quarter came in at $1.85 per share, topping the Zacks Consensus Estimate of 99 cents.Revenues fell roughly 10.1% year over year to $2,356.2 million in the quarter. However, the metric beat the Zacks Consensus Estimate of $2,289.8 million. The top line was hurt by lower lithium ma ...