Alcoa (NYSE:AA) Shares Gap Down – Here’s Why

Alcoa (NYSE:AA)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $63.14, but opened at $60.79. Alcoa shares last traded at $60.2090, with a volume of 2,796,162 shares trading hands.

More Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Q4 results beat consensus — EPS $1.26 vs. $0.95 and revenue $3.45B; management cited higher aluminum prices and operational gains that lifted adjusted EBITDA and margins, supporting the rally into the print. Alcoa Corporation Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Higher aluminum prices and record production — management highlighted stronger realized prices, shipment mix and record smelter/refinery output that boosted cash flow and profitability, underpinning medium-term fundamentals. Alcoa Cashes In On Higher Aluminum Prices, Eyes More Output In 2026
• Positive Sentiment: Portfolio moves and Europe uplift — company expects a ~$10/ton CBAM premium uplift in Europe for 2026 and is advancing the San Ciprián restart, which could improve margins and capacity mix over time. Alcoa expects $10/ton CBAM premium uplift…
• Neutral Sentiment: Company issued Q1 and FY26 outlook — management provided forward commentary and an outlook that frames 2026 growth plans but includes mixed alumina market commentary; investors will parse guidance for its impact on 2026 margins and cash flow. Earnings Snapshot: Alcoa tops Q4 estimates; initiates Q1 and FY26 outlook
• Neutral Sentiment: Alumina deal and capacity shifts under review — analysts and investors are weighing how recent alumina agreements and planned capacity changes will affect mix, costs and near-term cash flow. What Alcoa (AA)’s Alumina Deal And Capacity Shifts Mean For Shareholders
• Negative Sentiment: “Sell-the-news” and guidance caution — despite the beat, the stock pulled back as management signaled some near-term pressure on earnings and free cash flow, prompting profit-taking after a strong rally. Alcoa Earnings Report and Market Reaction
• Negative Sentiment: Broker pushback — J.P. Morgan reaffirmed a sell rating, highlighting lingering analyst skepticism that could cap upside until clarity on 2026 cash flow and alumina dynamics arrives. J.P. Morgan Reaffirms Their Sell Rating on Alcoa (AA)

Analyst Upgrades and Downgrades

Several research firms have commented on AA. Zacks Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Citigroup lifted their price objective on shares of Alcoa from $42.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 target price (up previously from $45.00) on shares of Alcoa in a report on Thursday, January 8th. HSBC raised their price target on Alcoa from $33.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Wells Fargo & Company decreased their price target on Alcoa from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.25.

Alcoa Stock Down 3.3%

The firm’s 50 day simple moving average is $50.45 and its 200-day simple moving average is $39.13. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.26 and a beta of 1.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 0.91.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.31. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.28 billion. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts anticipate that Alcoa will post 4.43 earnings per share for the current year.

Institutional Investors Weigh In On Alcoa

Several large investors have recently modified their holdings of AA. Mirabella Financial Services LLP grew its position in shares of Alcoa by 12,233.1% during the third quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after acquiring an additional 39,757,462 shares during the last quarter. State Street Corp boosted its stake in Alcoa by 6.7% during the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock worth $376,871,000 after purchasing an additional 721,063 shares during the period. Dimensional Fund Advisors LP grew its position in Alcoa by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock worth $365,710,000 after purchasing an additional 1,322,540 shares during the last quarter. L1 Capital Pty Ltd grew its position in Alcoa by 22.3% during the 3rd quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock worth $193,646,000 after purchasing an additional 1,073,357 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Alcoa by 4.8% in the second quarter. Geode Capital Management LLC now owns 4,637,897 shares of the industrial products company’s stock valued at $136,898,000 after purchasing an additional 211,141 shares during the period.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.