NASDAQ
CENX
13 stories
$3.1B Market cap · 2026-10-23
BMO on $CENX: “Discussions centered on tariff uncertainty, Oklahoma smelter progress, current operations, improving free cash flow conversion & Hawesville monetization. Meanwhile, with CENX trading at 2.5x current spot-based EBITDA, valuation is compelling in our view.” 2.5X! https://t.co/3jKwcyjheE
Latest $CENX 10-Q shows in addition to the 6.8% non-dilutive equity interest, Century Aluminum has a $300m put option on Hawesville written by $WULF https://t.co/pacdDPV8y4
US aluminium tariffs, European glass automation and Foraco’s constrained drilling fleet create multi-year pricing tailwinds, with Century…
Bernstein on China aluminum ceiling: The ceiling has moved from distant policy to binding constraint. China introduced a 45mtpa aluminum capacity ceiling in 2017, but the limit only matters now. Operating capacity reached 44.8mtpa in 2025, with utilization at around 98.5% $CENX https://t.co/MO6I7y1m2W
I personally would slightly prefer if the $CENX Oklahoma smelter gets delayed or even cancelled, as it means more capital return, especially at today’s prices Can’t wait to see run-rate EBITDA in Q4 https://t.co/KTvGLbVKhp https://t.co/CD1XFwm9Eu
UBS on $CENX Oklahoma optionality “The only real growth story in aluminum, or meaningful shareholder returns” https://t.co/56beYZN7hE
UBS: We believe $CENX offers the best leverage to a US Regional Premium that is sustainably higher. CENX currently trades at ~3.1x UBSe 2027 EBITDA estimates (below ~5x normalized 5yr average). We expect CENX to rerate towards our ~4x peak multiple driven by clarity… https://t.co/93RbEN5Ex7
UBS on $CENX generating nearly $1 bn in 2026 FCF (v ~$800m consensus) Post this week, that Midwest premium looks solid for 2026… so that volume ramp should translate into higher numbers in Q3 and Q4 https://t.co/dhrEiBFWFf
$CENX is a non-AI bottleneck https://t.co/L0PvNNH4HK
UBS initiates $CENX conservatively: $60 at 4x EV/EBITDA > Oklahoma & shareholder return catalysts > best leverage to US MWP > Oklahoma and datacenter not priced in > 4x below normalized mid cycle https://t.co/MiKQD9rlFV
Timna on $CENX “early innings of broader FCF rebound.” “Hugely undervalued” at 1.5x their ‘27 EBITDA. $83 PT at 4x! Direction of numbers up, delta to street up, and lots of multiple rerate room imho https://t.co/8wkrmh5S83
“for the first time in over a decade, all Century assets should be operating at full capacity. I'm very proud to report today that our team has delivered” As expected, Q3 & Q4 will be when the real earnings power of $CENX is demonstrated. Still under-earning. Still bottleneck. https://t.co/Buw6H87Sed https://t.co/KyfyjMcJhq
Timna Tanners: We see limited impact from the aluminum tariff tweak $CENX https://t.co/B4tCNvsy5Z
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