ALB Stock Recent News

Albemarle reports first-quarter adjusted earnings per share of 26 cents, beating estimates by 1 cent.

The headline numbers for Albemarle (ALB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Albemarle (ALB) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $10.32 per share a year ago.

With the fallout in the electric vehicle space, contrarian investors may want to consider certain battery stocks to buy. This approach has a few advantages over targeting specific EV brands.

Wall Street has been witnessing the rapid transformation of the technology sector. Advancements in artificial intelligence, EVs and renewable energy have put the focus back on many tech stocks.

Albemarle (ALB) closed at $116.88 in the latest trading session, marking a +1.65% move from the prior day.

Shares are near multiyear lows. The company has a strong balance sheet.

Many investors are focusing their metals and mining focus on gold and silver in 2024. And lithium stocks took a beating in 2023 which continues into 2024.

When you look at the technology, it's hard not to be bullish on the future of electric vehicles. The environmental impact alone should be enough to realize that EV adoption will continue to rise as time goes on.

The demand for batteries has seen a significant surge in recent times, leading to a rise in the valuation of battery stocks. With governments worldwide implementing stricter emissions regulations and consumers increasingly choosing electric over traditional combustion engines, the future for EV battery stocks looks exceptionally bright.