Alcoa (NYSE:AA) Shares Gap Down – What’s Next?

Shares of Alcoa (NYSE:AA) gapped down before the market opened 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 traded.

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 equities analysts have recently commented on AA shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Alcoa in a research note on Monday, December 15th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 price objective (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Wells Fargo & Company decreased their target price on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday. B. Riley reaffirmed a “buy” rating on shares of Alcoa in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alcoa in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Alcoa presently has an average rating of “Hold” and a consensus price target of $48.25.

Alcoa Price Performance

The company has a market capitalization of $15.81 billion, a PE ratio of 14.10, a price-to-earnings-growth 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. The stock’s 50 day simple moving average is $50.45 and its 200-day simple moving average is $39.13.

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

Institutional Trading of Alcoa

Large investors have recently modified their holdings of the stock. Raleigh Capital Management Inc. boosted its holdings in Alcoa by 52,500.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 525 shares during the period. CoreCap Advisors LLC raised its position in Alcoa by 74.1% in the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 237 shares in the last quarter. Hilltop National Bank acquired a new stake in Alcoa in the 4th quarter valued at about $40,000. True Wealth Design LLC boosted its stake in shares of Alcoa by 2,281.3% in the 4th quarter. True Wealth Design LLC now owns 762 shares of the industrial products company’s stock valued at $40,000 after buying an additional 730 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Alcoa during the third quarter worth about $27,000.

About Alcoa

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.