Albemarle is a "lithium pure play," with strong earnings power to match, according to Piper Sandler. Piper analyst Charles Neivert began research coverage of Albemarle with an overweight rating, saying investors are underestimating the miner's earnings growth outlook. Lithium is one of five critical minerals required in electrical vehicle batteries, according to the Congressional Research Service.
However, we see a company transitioning from a cyclical to one more associated with growth, deserving a multiple more in line with its historical performance," Neivert added. Shares of Albemarle are outperforming to start the year, up nearly 25% through Wednesday's close. Last year, the stock also outpaced the S & P 500, down 6.6% compared to the broader market's roughly 19% fall.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Albemarle calls for high lithium prices to fuel EV industry growthAlbemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery metal and fuel the green energy transition. So increasing cost of battery production will make EV’s more affordable/accessible to the public? WERE ARE YOU GOING TO MATERALS TO MAKE THE BATTERY ' THAT LAST 7-8 YEARS ? WILL YOU BE ABLE TO GET ANOTHER ONE ? WAKE UP BLIND PEOPLE !!!!!!!!!
Source: Reuters - 🏆 2. / 97 Read more »
Albemarle calls for high lithium prices to fuel EV industry growthAlbemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle battery metal and fuel the green energy transition. mining EV
Source: mining - 🏆 449. / 53 Read more »
Estee Lauder's latest Wall Street endorsement underscores our long-held view on the companyPiper Sandler on Wednesday said it sees considerable upside for Club holding Estee Lauder (EL) as China's long-awaited economic reopening drives pent-up demand.
Source: CNBC - 🏆 12. / 72 Read more »