Albemarle Corporation (NYSE:ALB) is among the The 12 Most Promising EV Battery Stocks to Buy Now.
Albemarle Corporation (NYSE:ALB) is among the most promising actions.
TheFly reported on Feb. 23 that Berenberg Bank raised its price target on ALB to $153 from $135 and maintained a Hold rating. The firm noted that the recent lithium price surge has more than doubled the share prices of major lithium producers since mid-2025, although it believes both ALB and SQM are currently trading above their fundamental valuation levels.
On February 11, 2026, Albemarle Corporation (NYSE:ALB) said it would place Train 1 at its Kemerton lithium hydroxide plant in Western Australia into care and maintenance following the idling of Train 2 in 2024 and the halting of the expansion of Trains 3 and 4. The plant, which processes spodumene from Greenbushes, remains part of Albemarle’s operations in Western Australia.
The corporation noted that the move, driven by market volatility and cost pressures, improves financial flexibility and is expected to increase adjusted EBITDA in the second quarter of 2026 without affecting volume guidance for 2026. Demand for lithium hydroxide will be met by other production, while its mining and exploration assets in Australia remain central to its strategy.
Additionally, on February 26, the ALB Board of Directors announced a quarterly dividend of $0.405 per share, payable on April 1, 2026, to shareholders of record as of March 13, 2026, reflecting an annualized rate of $1.62.
Albemarle Corporation (NYSE:ALB) is a leading producer of lithium and other critical materials for electric vehicle batteries. The company supplies high-quality lithium compounds to support the production of electric vehicles and the growing global demand for sustainable energy storage solutions.
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