Shares of Lithium Producer Albemarle Are Soaring So Far In 2022
Image: Albemarle’s shares have rocketed higher the past few years and are soaring during 2022. By Brian Nelson, CFA On November 2, Albemarle Corp. (ALB) reported mixed third-quarter results that showed a modest miss on the top line versus consensus estimates, but a strong showing on the bottom line that beat what most analysts were looking for. Through the close of November 4, Albemarle’s shares have advanced more than 20% so far this year, and we think there may be more room to run based on the high end of our fair value estimate range ($300 per share). For those just getting familiar with key ideas in the simulated ESG Newsletter portfolio, here is some background on Albemarle’s operations … Read more