What's Hurting The Aluminum Market Should Be Good For Alcoa [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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US:NYSE Investor Relations:
investors.alcoa.com
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Source: Seeking Alpha
The US and UK sanctions are already hitting Alcoa's competitor RUSAL hard and are opening up enormous opportunities for Alcoa to gain market share shortly. Rising aluminum prices due to the sanctions may reduce demand, particularly in Europe, but global demand remains relatively stable - good for Alcoa. The operational risks are quite high - as are the current multiples, such as EV/EBITDA. Alcoa's EBITDA should be well above consensus growth, which I am not yet convinced of. I have therefore decided to rate Alcoa as a "Hold" today. My Thesis The only time I have written about Alcoa Corporation ( NYSE: AA ) was in April 2021 - my bullish thesis has aged poorly compared to the return of the S&P 500 Index ( SP500 ), even though Recommended For You Recommended For You
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News
- Why Howmet Aerospace Stock Is Soaring Higher Today [Yahoo! Finance]Yahoo! Finance
- Industrial leader Dag J. Opedal elected to be the new Chair of HydrogenPro ASA [Yahoo! Finance]Yahoo! Finance
- Alcoa raised at Morgan Stanley on cost saving measures [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $36.50 price target on the stock, up previously from $28.50.MarketBeat
- Alcoa Co. (NYSE: AA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 5/2/24 - Form 10-Q
- 4/30/24 - Form DEFA14A
- 4/24/24 - Form DEFA14A
- AA's page on the SEC website