ETN, CAT, FCX, GEV and AA are five non-tech stocks benefiting from rising power, infrastructure and metal demand for AI data centers.
Alcoa Corporation (AA) remains a 'Buy' with ~21% upside potential, supported by structural demand and portfolio streamlining. AA benefits from global aluminum supply disruptions, higher regional premiums, and a strong alternative energy portfolio amid new EU carbon regulations. San Ciprián smelter's turnaround and asset marketing to hyperscalers could unlock $500–1,000 million in incremental value and boost FY2027 EBITDA.
AA's Alumina segment faces shipment, pricing and cost pressure after Q1 declines, but maintained 2026 guidance points to expected improvement.
AA and RYI ride higher aluminum prices, capacity expansion and shipment growth, but debt, costs and valuation gaps shape the aluminum stock debate.
AA faces rising energy, raw material and restart costs, with higher diesel prices expected to hurt Q2 2026 results.
AA shares surge 91% in six months as higher aluminum prices, tariff support and stronger demand boosted sales growth.
Alcoa Corporation (AA) Presents at Bank of America Global Metals, Mining & Steel Conference 2026 Transcript
AA gains from strong aluminum demand, higher prices and U.S. tariffs, as production restarts and sales growth lift its 2026 outlook.
Pittsburgh-based Alcoa has been investing in a gallium recovery plant in Western Australia. Teck Resources is looking to benefit from processing minerals at its Trail plant in British Columbia.
So far this year, that cohort of stocks has posted a year-to-date (YTD) gain of around 12%, second-best among the S&P 500's 11 sectors and trailing only energy.
Alcoa's NYSE: AA fiscal Q1 2026 earnings left plenty to be desired, with the top and bottom lines falling short of the consensus. However, the market is looking past the weakness toward more robust times ahead.
Alcoa Corporation (AA) Q1 2026 Earnings Call Transcript