Australia’s big-battery build-out is starting to crowd the lucrative trade that made the assets attractive: buying up power when prices are low and selling it back when they spike, capturing the difference.
Albemarle Corp. shares surged after the lithium producer delivered better-than-expected quarterly results as higher prices and stronger volume lifted sales and earnings.
Traders are swiftly unwinding bearish positions against Contemporary Amperex Technology Co. Ltd.’s Hong Kong-listed shares as the focus shifts to the battery giant’s growth outlook following a $5 billion share sale.
If you’ve been paying any attention to the renewable energy space, you’ll know that generation isn’t really the problem anymore. Solar panels are cheap, and wind turbines are ever…
