Alcoa signs power agreements with Statkraft for aluminium plant
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2026
0mins
Source: seekingalpha
Alcoa Corp's stock has hit a 20-day low amid a broader market increase, reflecting investor concerns despite positive developments. The company recently signed two power agreements with Statkraft, securing electricity supply for its aluminium plant in Lista, Norway. This move is expected to stabilize operations and support future growth, as the agreements ensure approximately 4.8 TWh of electricity deliveries from 2028 to 2031.
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Analyst Views on AA
Wall Street analysts forecast AA stock price to rise
8 Analyst Rating
2 Buy
4 Hold
2 Sell
Hold
Current: 49.870
Low
38.00
Averages
57.63
High
78.00
Current: 49.870
Low
38.00
Averages
57.63
High
78.00
About AA
Alcoa Corporation is a vertically integrated aluminum company comprised of bauxite mining, alumina refining, aluminum production (smelting and casting), and energy generation. The Company's operations are comprised of two business segments: Alumina and Aluminum. The Alumina segment primarily consists of its bauxite mines and alumina refineries, and its operations include the mining of bauxite and other aluminous ores, as well as the refining, production, and sale of smelter grade and non-metallurgical alumina. The alumina produced by this segment is sold primarily to internal and external aluminum smelter customers; a portion of the alumina is sold to external customers who process it into industrial chemical products. The Aluminum segment consists of the Company's aluminum smelting and casting operations along with the Company's energy production assets in Brazil, Canada, and the United States. It has direct and indirect ownership of over 25 operating locations across eight countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surging Producer Margins: Aluminum producers experienced significant margin increases in Q2 due to supply disruptions from the U.S.-Iran conflict, but the focus has shifted to supply recovery following the peace deal, leading to a price reversal.
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- Price Forecast Cuts: Goldman has lowered its Q4 2026 aluminum price forecast from $3,200/ton to $2,950/ton and its 2027 average price forecast from $2,950/ton to $2,700/ton, anticipating inventory rebuilds through 2027 that will normalize smelter margins.
See More
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- Positive Future Outlook: With the new fiscal year approaching, General Mills' strategic adjustments are expected to drive sales growth and further solidify its market position in the food industry.
See More
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- Manufacturing Index Decline: The June ISM manufacturing index fell by 0.7 to 53.3, below the expected 53.9, reflecting a slowdown in manufacturing activity and exacerbating market concerns about economic deceleration.
- Inflation Expectations Improve: The June ISM prices paid sub-index dropped to 73.0, a four-month low, exceeding market expectations and suggesting easing inflation pressures that could influence the Fed's monetary policy decisions.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in Q2 earnings, primarily driven by AI infrastructure stocks, indicating market confidence in future profitability despite the current poor stock performance.
See More
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See More
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- Employment Data Impact: The June ADP employment change increased by only 98,000, below the expected 120,000, signaling signs of a slowdown in the US labor market, which exacerbated market worries about economic growth and led to stock market pressure.
- Oil Price Decline: WTI crude oil prices fell nearly 1%, hitting a 4.25-month low, as positive negotiations between US officials and Iran improved expectations for energy supply, potentially affecting future oil price trends.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth in Q1, indicating that AI infrastructure stocks will drive S&P 500 earnings-per-share growth, boosting market confidence.
See More
