Albemarle Corp ALB

$92.54 -1.93 (-2.04%)

Valuation

Market cap
11,147,931,000
Revenue TTM
$5,142,730,000
Net income TTM
$-510,630,000
PE ratio
16.01
Forward PE
8.56
Profit margin
-9.93%
Debt to equity
0.18

Trading

Volume
2,255,300
Avg volume
2,362,956
Day's range
$91.00 – $92.67
Shares out
118,005,000
Stochastic %K
16%
Beta
1.36
Analysts
Strong Sell
Price target
$156.87

Price

Company profile

Albemarle Corporation provides energy storage solutions 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 for use in lithium batteries used in consumer electronics and electric vehicles; power grids and solar panels; high-performance greases; and specialty gla...

Show more

Albemarle Corporation provides energy storage solutions 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 for use in lithium batteries used in consumer electronics and electric vehicles; power grids and solar panels; high-performance greases; and specialty glass used in consumer appliances and electronics. The Specialties segment provides bromine and highly specialized lithium solutions for various industries, such as energy, mobility, connectivity, and health comprising fire safety compounds; bromine-based specialty chemical products, including elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and various bromine fine chemicals; lithium specialties, such as butyllithium and lithium aluminum hydride; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications, including airbag initiators. This segment also provides organic synthesis processes in the areas of steroid chemistry and vitamins, and various life science applications, as well as intermediates for the pharmaceutical industry; technical services, including handling and use of reactive lithium products; and recycling services for lithium-containing by-products. The Ketjen segment offers clean fuels technologies, including hydroprocessing catalysts together with isomerization and alkylation catalysts; fluidized catalytic cracking catalysts and additives; and performance catalyst solutions comprising organometallics and curatives. It serves the grid storage, automotive, aerospace, conventional energy, electronics, construction, agriculture and food, pharmaceuticals, and medical device industries. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

Industry
Specialty Chemicals
Sector
Basic Materials
Phone
980 299 5700
Website
https://www.albemarle.com
Address
4250 Congress Street, Suite 900, Charlotte, United States

Latest news

Stocktwits

S4T4N1ST Oct 23, 3:25 AM
$ALB wait for December
0 replies
Zonata Oct 22, 8:09 PM
$ALB I don't think the slide is over. Lithum price is in freefall and could touch again 70k. Last time, this dumped ALB to low 60. I'm going to wait more, but I'll likely start buying around 80.
1 replies
ContrarianLife Oct 22, 7:50 PM
$ALB What is it going to take for spot lithium to stop the freefall? Down 26% in a month? How’s that even possible?
0 replies
RookyMoves Oct 22, 6:37 PM
$ALB smells like opportunity again, below the monthly 200.
0 replies
Joleg Oct 22, 3:58 PM
$ALB 5 november was the first candel of the last rally. I hope again!
0 replies
LucidTrader1919 Oct 22, 2:03 PM
$ALB @Joleg I’m losing tens of thousands every day holding on to this The second I sell is the second it pops Been holding for about three years With the EV market expanding globally, AI buildout not slowing down, grid storage skyrocketing, mines struggling to cone back on line despite being “on line” for months now, and inventory dropping every month, I just don’t see how Li2CO3 futures keep tanking and brining this down with it. Borrowing worries, Fed hike expectations, and bond yields are king So discouraging So I use stocktwits to vent 🤷🏻‍♂️
2 replies
Techdamentals Oct 22, 1:34 PM
$ALB is one of the larger lithium producers supplying the battery materials that feed into every EV maker's cost of goods, including Tesla's. Lithium prices falling from their 2022 peak are part of why battery costs have come down industry-wide, a tailwind behind Tesla's automotive gross margin rising to 18.1% from 15.4%. A lithium producer's own revenue moves in the opposite direction of that trend: cheaper lithium helps automaker margins but pressures what a miner like Albemarle gets paid per ton. Full explainer, plain English: https://youtu.be/4lOi1PxGqp4 Educational, not advice. https://techdamentals.com/newsletter/why-did-teslas-profit-fall-when-margins-rose?ref=st
0 replies
Joleg Oct 22, 12:27 PM
$ALB Guys…..so tough to see this going down so low when it was 220$ with PT at 250$ and hype was high….. I’ll had in the 70s…..
0 replies