Added to YB: 2024-02-19
Pitch date: 2024-02-17
ALB [bullish]
Albemarle Corporation
+42.98%
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
$19.9B
Pitch Price
$117.79
Price Target
N/A
Dividend
0.96%
EV/EBITDA
22.02
P/E
-29.33
EV/Sales
4.67
Sector
Chemicals
Category
value
Show full summary:
Ironside Equity Research: Albemarle Corporation - $ALB
ALB down to $125 from $300 peak on EV demand concerns post $F $TSLA misses. Long-term EV/lithium outlook still strong. 22 P/E more reasonable vs prior tech-like valuations. US strategic position helps if China tensions bring tariffs/laws. Risks: solid-state batteries, small EV trend.
Read full article (2 min)