Albemarle ( (ALB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Albemarle’s stock is on the rise after UBS upgraded the company to a ‘Buy’ rating, highlighting increased energy storage demand and a projected lithium supply deficit by 2026. This anticipated imbalance is expected to boost lithium prices, enhancing Albemarle’s market performance. Additionally, Deutsche Bank raised its price target for Albemarle, reflecting growing optimism about the company’s future.
More about Albemarle
YTD Price Performance: 40.86%
Average Trading Volume: 3,779,234
Technical Sentiment Signal: Hold
Current Market Cap: $14.02B
For further insights into ALB stock on TipRanks’ Stock Analysis page.
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