Assessing Alcoa (AA) Valuation After Data Center Site Plans And Easing Bearish Sentiment
Alcoa (AA) is back in focus after management highlighted plans to sell 10 closed or curtailed sites to the data center sector, along with a sharp reduction in bearish positioning shown in short interest data. See our latest analysis for Alcoa. Those plans to sell idle sites into the data center market come as Alcoa shares trade at US$63.47, with a 90 day share price return of 52.06% and a 1 year total shareholder return of 92.29%. This suggests momentum has been building even as the 1 day...
Alcoa (AA) is back in focus after management highlighted plans to sell 10 closed or curtailed sites to the data center sector, along with a sharp reduction in bearish positioning shown in short interest data. See our latest analysis for Alcoa. Those plans to sell idle sites into the data center market come as Alcoa shares trade at US$63.47, with a 90 day share price return of 52.06% and a 1 year total shareholder return of 92.29%. This suggests momentum has been building even as the 1 day...