Bear of the Day: Albemarle Corporation (ALB)

Albemarle Corporation (ALB), the world's largest lithium producer, has received a Zacks Rank #5 (Strong Sell) rating due to significant downward earnings revisions. Lithium prices have plummeted ~80% from late 2022 peaks as EV sales growth has slowed and lithium supply has increased. The company's Q3 earnings outlook dropped 13% and Q4 dropped 36% following disappointing Q2 guidance. ALB stock is down 55% over five years while the S&P 500 surged 85%.