Why is Alcoa stock surging today?

Alcoa stock jumped 6.3% after UBS upgrade. Find out why analysts are bullish on the aluminum giant.

Today / 14:52|Last updated: Today / 14:55

Why is Alcoa stock surging today? — Photo: Prepared by Bond.az

Alcoa stock surged 6.3% in morning trading to $70.41 after UBS upgraded the aluminum giant to Buy and raised its price target to $80.

Analyst Daniel Major argues that smelter outages from Middle East conflict will offset demand risks, supporting aluminum prices.

UBS expects Alcoa's EBITDA and free cash flow to rise sequentially in Q2, and sees potential for share buybacks by H2 2026.

Alcoa benefits from renewable energy-powered production, insulating it from energy cost spikes.

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