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PITTSBURGH - Alcoa Corporation (NYSE: AA; ASX: AAI), a leading producer of bauxite, alumina, and aluminum products, with a market capitalization of $6.6 billion, has reported that its San Ciprián operations in Spain experienced significant disruptions due to the nationwide power outage that occurred on April 28. The outage impacted both the refinery and smelter at the complex, leading the company to undertake a comprehensive assessment to ascertain the full operational and financial repercussions. According to InvestingPro data, Alcoa’s stock has experienced significant volatility, with the share price declining over 37% in the past six months.
The unexpected power loss across Spain has prompted Alcoa to evaluate the state of the San Ciprián facility, which plays a crucial role in the company’s production capabilities. The assessment will determine the extent of damage, if any, and the potential downtime for the facility. This event could have implications for the company’s near-term production output and financial results, although the long-term impact remains to be seen. The company maintains a solid financial position with a current ratio of 1.71 and generated $12.7 billion in revenue over the last twelve months.
Alcoa is recognized in the industry for its commitment to sustainability and innovation. The company has a history of pioneering processes that have made aluminum a critical material in various applications, contributing to advancements in safety, sustainability, and community development in areas where it operates.
The company has stated that it will continue to communicate developments and financial performance through its official channels, including its website, press releases, SEC filings, and other media interactions.
Investors and stakeholders are keeping a close watch on the situation, as the San Ciprián complex is an important asset to Alcoa’s operations. The full impact of the power outage on Alcoa’s production and financials will become clearer once the company completes its assessment. This incident underscores the challenges faced by global industrial operations in the face of infrastructure vulnerabilities. InvestingPro analysis suggests the stock is currently undervalued, with analysts maintaining positive earnings forecasts for the year. For deeper insights into Alcoa’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The information in this article is based on a press release statement issued by Alcoa Corporation.
In other recent news, Alcoa Corporation reported a strong first quarter in 2025, with earnings per share of $2.15, significantly surpassing the forecasted $1.58. However, the company’s revenue of $3.37 billion fell short of the anticipated $3.5 billion. The company achieved an adjusted EBITDA of $855 million, marking a 26% increase from the previous quarter. Despite this performance, JPMorgan adjusted its price target for Alcoa from $28 to $25, maintaining a Neutral rating. The reduction follows concerns over Section 232 tariffs on Canadian shipments, which could have a net annual impact of approximately $100 million on Alcoa. Additionally, Alcoa is restarting its San Ciprian smelter in Spain, aiming to boost production. The ongoing U.S. tariffs on aluminum remain a significant concern for Alcoa’s future profitability, with potential costs estimated at $400 to $425 million annually. Alcoa’s recent developments reflect a mix of strong earnings performance and challenges posed by tariffs and revenue shortfalls.
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