Albemarle gains as Mizuho upgrades stock on surging energy storage demand

Investing.com -- Albemarle Corp (NYSE:ALB) shares advanced 4% in Wednesday’s premarket session following an upgrade from Mizuho Securities, which cited accelerating demand for battery energy stationary storage as a catalyst for tighter lithium market balances. Analyst John Roberts raised his rating on the world’s largest lithium producer to Outperform from Neutral, while establishing a $130 price target that reflects a more bullish long-term pricing trajectory for the critical battery metal.