Mizuho upgrades Albemarle to Outperform and lifts 2027‑2028 EBITDA forecasts
Mizuho Securities raised its rating on Albemarle Corp. (ALB) from Neutral to Outperform and set a new price target of $130, citing accelerating demand for battery‑energy stationary storage (BESS). The analyst team increased its 2027 adjusted EBITDA estimate to $3.2 billion and its 2028 estimate to $2.9 billion, up from $2.4 billion and $2.5 billion respectively. It also lifted its lithium‑carbonate price forecasts for 2027 to $22,500 per metric ton and for 2028 to $19,500 per metric ton. Albemarle’s Q2 results showed adjusted earnings of $3.75 per share and a 31% rise in total sales to $1.74 billion, driven by higher Energy Storage pricing.
Why it matters
The upgraded rating and higher price target suggest potential upside for investors, while the raised EBITDA forecasts signal stronger future cash flow expectations. The higher lithium price outlook could improve Albemarle’s margins if the market remains tight.
Key facts
- 1Mizuho upgraded Albemarle to Outperform from Neutral and set a price target of $130.00. investing.com
- 2Mizuho raised its 2027 adjusted EBITDA estimate to $3.2 billion and its 2028 estimate to $2.9 billion. investing.com
- 3Mizuho increased its 2027 lithium‑carbonate price forecast to $22,500 per metric ton and its 2028 forecast to $19,500 per metric ton. investing.com
- 4Albemarle reported adjusted earnings of $3.75 per share for Q2, beating analyst expectations of $3.03 per share. investing.com
- 5Albemarle’s Q2 total sales rose 31% year‑over‑year to $1.74 billion. investing.com
- 6Energy Storage adjusted EBITDA climbed 229% to $723 million in Q2. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.