Headquartered in North Carolina, Albemarle Corporation (ALB) is a leading specialty chemicals company. With a market cap of $9.6 billion, it produces highly-engineered specialty chemicals tailored to diverse sectors, including petroleum refining, consumer electronics, energy storage, construction, and automotive.
Shares of the specialty chemical have significantly trailed behind the broader market in the last year. While ALB has plunged 58% over this time frame, the broader S&P 500 Index ($SPX) has rallied by 19.6%. In 2024, the stock dipped 43.5%, compared to SPX’s 12% return on a YTD basis.
