#1 - Albemarle (NYSE:ALB)
Albemarle Corp. (NYSE: ALB) is one of the top lithium miners in the world. Lithium is one of the core materials needed in battery applications – including electric vehicles (EV).
With the Trump trade firmly in place in the United States, you may feel that lithium stocks are a bad investment. Albemarle’s revenue and earnings are sharply lower in 2024. This move correlates to the fall in lithium prices as the EV market is well supplied.
However, the EV revolution will continue to move forward, and it may even accelerate. That’s why lithium stocks are likely to outperform in the coming years.
How long will you have to wait for this growth? ALB stock is down approximately 33% in 2024, but it’s expected to show strong earnings growth in 2025. Albemarle stock has delivered a total return of 56.81% over the past five years. That includes a dividend that Albemarle has increased for 30 consecutive years and has a 1.68% yield.
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.
Read More - Current Price
- $103.53
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 15 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $114.47 (10.6% Upside)
