#4 - Albemarle (NYSE:ALB)
Another way to invest in clean energy stocks is by investing in Albemarle Corporation (NYSE: ALB). The company is one of the leading lithium miners in the world. Lithium is a key component in the lithium-ion batteries that, for now, are standard in the EV sector.
Unlike some of the companies on this list, Albemarle is an established company with consistent revenue and, more importantly, growing earnings. That makes the stock the most expensive of the stocks on this list. But you know what they say about the difference between price and value. And ALB stock looks like a good value for investors.
The ability of the company to grow earnings is also good news for the company’s dividend. Although it’s been growing for 29 years, ALB’s dividend is below the industry average. But with the expectations for earnings to grow by an average of nearly 50% in the next five years, the company is likely to continue increasing its dividend.
About Albemarle
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.
More about Albemarle- Current Price
- $52.42
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 13 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $96.05 (83.2% Upside)
