Century Aluminum Company (CENX)

Freedom Broker analysts have issued a "Buy" recommendation for Century Aluminum Company (CENX) shares, setting a 2-month target price of $55, indicating a 27.2% upside. The investment thesis is driven by the company's operational recovery, high aluminum prices, a U.S. metal shortage, and a promising new plant project in Oklahoma. The company's financial metrics are strengthening, supported by increased aluminum shipments and adjusted earnings growth.

Century Aluminum stock is rallying due to new U.S. tariffs of 50% on selected Canadian goods, which benefits domestic aluminum producers. Analyst ratings from UBS and BMO Capital also remain supportive, coupled with strong Q2 2026 earnings and optimistic Q3 EBITDA guidance. Institutional investors like BlackRock and Vanguard are increasing their stakes, reflecting confidence in the company's domestic production story amidst favorable U.S. tariff policy.

TeraWulf, a data center developer, states its commitment to Kentucky Governor Andy Beshear’s requirements for its proposed hyperscale data center in Hancock County. The company’s "energy plan" filed with the Kentucky Public Service Commission outlines its intent to pay taxes, adhere to environmental laws, and engage with the community, despite some questioning the legal authority of Beshear's executive order without specific state laws. TeraWulf plans to invest billions in the project, which aims to convert an idled aluminum smelter, and is currently undergoing review for a special electricity contract.

Century Aluminum Co. (CENX) is featured in several news articles, with a focus on its Q2 2026 earnings, which lagged estimates despite a sharp profit increase driven by higher aluminum prices. The company's future outlook hinges on stronger aluminum prices, full-capacity smelters, and progress in Oklahoma, though rising costs and commodity dependence pose challenges. Additionally, there are reports of potential U.S.-Canada trade deals lowering tariffs on Canadian steel and aluminum, and upcoming grants for the mining industry.

Century Aluminum (CENX) recently reported strong second-quarter earnings, moving from a net loss to a net income of $249.3 million, alongside revenues of $752.1 million. Despite a recent pullback in its stock price, which has seen a 108.02% total shareholder return over the past year, analysts suggest the stock remains undervalued with a fair value of $70.50 compared to its current $45.66. This valuation is based on expected growth from the expansion of Mt. Holly, a new U.S. smelter, and sustained tightness in global aluminum supply.