Key News Facts
Lithium materials company Albemarle (NYSE: ALB) received four analyst price target upgrades this week, increasing targets from $180 to $210, following a 125% price surge to approximately $188. Notably, the company expects earnings per share to improve dramatically from a loss of $0.84 in 2025 to $2.29 in 2026, supported by cost-cutting measures and a doubling of lithium carbonate prices over the past year.
Increased investments from automakers such as Ford and General Motors in battery manufacturing and energy storage are driving demand for lithium. Additionally, Tesla reported a 44% increase in revenue from its energy generation and storage business in its latest quarter. Analysts anticipate a robust recovery for Albemarle as the lithium market stabilizes.
