Century Aluminum

CENX

Market cap $6.53B

The company is going flat out for the first time in more than a decade.

The price of aluminum has surged by almost 50% in the last year, reaching multi-year highs amid pressure due to the Iran war, domestic tariffs, and more. The shutdown of the Strait of Hormuz has had a particularly strong impact, given its critical role in the transmission of aluminum through the Middle East to other parts of the world.

Here is how Century Aluminum (CENX) and Fanuc Corp. (FANUY) have performed compared to their sector so far this year.

Century Aluminum Company benefits from U.S. tariffs, regulatory tailwinds, and Hormuz disruptions, supporting superior unit economics and a domestic price premium over international competitors. Despite tripling in value over the past year, CENX stock trades at a mid-single-digit forward P/E, reflecting ongoing upside amid favorable industry dynamics and capacity expansion. Risks center on commodity price volatility, but tariff protections and strong domestic demand position CENX to maintain high utilization and market share.

The Iran war started on February 27, and the aluminum market has not been the same since.

Century (CENX) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

CENX posted Q1 earnings growth and expects stronger Q2 EBITDA as higher aluminum prices and premiums offset weaker shipments.

Century Aluminum (CENX) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.28 per share a year ago.

Century Aluminum Company (CENX) Q1 2026 Earnings Call Transcript

CHICAGO, May 07, 2026 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its first quarter 2026 results. First Quarter 2026 Financial Results $MM (except shipments and per share data)   Q1 2026   Q4 2025   Aluminum shipments (tonnes)   122,865     140,257   Net sales $ 649.2   $ 633.7   Net income attributable to Century $ 337.5   $ 1.8   Diluted earnings per share attributable to Century $ 3.23   $ 0.02   Adjusted net income attributable to Century(1) $ 170.7   $ 128.2   Adjusted earnings per common share(1) $ 1.63   $ 1.25   Adjusted EBITDA attributable to Century(1) $ 231.4   $ 170.6             Notes:         (1) Non-GAAP measure; see reconciliation of GAAP to non-GAAP financial measures.