Professional
Added to YB: 2024-08-08
Pitch date: 2024-06-30
ALB [bullish]
Albemarle Corporation
+47.33%
current return
Author Info
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Company Info
Albemarle Corporation provides energy storage solutions worldwide. It operates through three segments: Energy Storage, Specialties, and Ketjen.
Market Cap
$16.0B
Pitch Price
$92.01
Price Target
N/A
Dividend
1.20%
EV/EBITDA
13.31
P/E
-39.91
EV/Sales
3.53
Sector
Chemicals
Category
turnaround
TAMIM Global Mobility Unit Class Portfolio Holding: Albemarle Corporation
ALB: World's largest lithium producer, crucial for EV batteries. Strategic agreements with automakers for 2026-2030 supply. $1.3B SC facility to support 2.4M EVs & recycle batteries. Stock highly sensitive to lithium price, which is bottoming after 80% correction. Downside defined, positioning before full turn historically beneficial. Expanding US presence with new mines.
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