Albemarle Stock News

Lithium supplier Albemarle (ALB 0.94%) recently received a buy rating and a $124 price target from an Argus analyst. The price target implies a 25% upside to the current price.

Shares of Enovix Corp (NASDAQ:ENVX) are down 5.1% at $8.52 at last check today, amid the departure of CFO Farhan Ahmad and an ongoing search for a replacement.

"Dividend Aristocrats

Lithium prices have dropped 85% from their peak, causing Albemarle's stock to fall by two-thirds, but a market turnaround is likely to happen soon, given that miners are cutting costs. Continued lithium demand growth, even as miners are cutting back on capital spending, makes for a potentially robust lithium price upswing in the near future. Albemarle's finances are strained, showing significan...

CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ --  Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Eric Norris, chief commercial officer, will participate in a fireside chat at the Deutsche Bank Lithium & Battery Supply Chain Conference on Wednesday, Dec. 4.

Electric vehicles are the future, creating investment opportunities in lithium, with Albemarle Corporation as a solid ‘buy' candidate despite short-term challenges. Albemarle's stock rose 41.2% since August, outperforming the S&P 500, due to improved financial position and long-term lithium market outlook. Despite a significant drop in revenue and profitability, management's cost-cutting measur...

Mandatory convertible preferred shares like ALB.PR.A are almost as risky as common shares. Most investors are in it for the fixed coupon and don't understand their potential losses. We saw this in the case of Algonquin mandatory convertibles and even in the case of Paramount mandatory convertibles.

The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 months of tracking these strategies, two strategies are generating a CAGR superior to NOBL.