Albemarle: Troubles Persist, Best To Stay Away [Seeking Alpha]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
investors.albemarle.com
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Source: Seeking Alpha
7min Summary Albemarle Corporation, a leader in lithium mining, faces challenges as lithium prices have plunged, impacting revenue and profitability. The company has negative margins and generates negative Free Cash Flow, with Working Capital Changes temporarily masking deeper financial issues. Management is optimistic, targeting $300-$400 million in cost reductions and a 50% cut in 2025 capital expenditures, but remains vague on the 2025 outlook. I maintain a STRONG SELL rating due to ongoing negative Free Cash Flow and reliance on unsustainable Working Capital Changes for short-term gains. Abstract Aerial Art/DigitalVision via Getty Images Company Overview Albemarle Corporation ( NYSE: ALB ) is the world's leader in lithium mining, with its main assets located in Australia and Chile. Its main customer is the lithium batteries industry, which is used for energy storage This article was written by Red Kraken Research Follower s Follow Equity analyst based in
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ALB
News
- Albemarle (ALB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Albemarle (ALB) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Albemarle (ALB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Global Bromine Derivative Market to Reach USD 12,037.00 Million by 2034, Driven by Rising Demand in Flame Retardants and Water Treatment | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Albemarle Co. (NYSE: ALB) had its price target raised by analysts at Robert W. Baird from $79.00 to $103.00. They now have a "neutral" rating on the stock.MarketBeat
ALB
Earnings
- 11/6/24 - Miss
ALB
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form SC
- 12/5/24 - Form 144
- ALB's page on the SEC website