Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. It also provides ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal and in pyrotechnics; nodularizers and inoculants, which are used in the production of iron; and silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. In addition, the company operates quartz mines in Spain, South Africa, the United States, and Canada; and low-ash metallurgical coal mines in the United States, as well as holds interests in hydroelectric power plant in France. It serves silicone chemical, aluminum, and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom. Ferroglobe PLC is a subsidiary of Grupo Villar Mir, S.A.U.
IPO Year:
Exchange: NASDAQ
Website: ferroglobe.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/24/2025 | Buy → Neutral | Seaport Research Partners | |
| 9/14/2022 | $12.00 | Buy | B. Riley Securities |
| 2/14/2022 | $16.00 | Buy | Seaport Global |
Seaport Research Partners downgraded Ferroglobe PLC from Buy to Neutral
B. Riley Securities initiated coverage of Ferroglobe PLC with a rating of Buy and set a new price target of $12.00
Seaport Global initiated coverage of Ferroglobe with a rating of Buy and set a new price target of $16.00
First Quarter Highlights Reported adjusted EBITDA of $(26.8) millionGenerated $5.1 million of free cash flowFavorable final decision in the U.S. ferrosilicon case with preliminary EU safeguard decision expected by JuneNew trade case filed by U.S. silicon metal producers on April 24Increased quarterly cash dividend to $0.014 per share in March, up 8% over the prior quarterRepurchased 720,008 shares during the first quarter LONDON, May 07, 2025 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company", or the "Parent"), a leading global producer of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the first quart
LONDON, April 24, 2025 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025, and will host the quarterly earnings call on Thursday, May 8, 2025, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register-conf.media-server.com/register/BIa09c86627bc54bbfa844f3e0cffca9e2 Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast: A simultaneous audio webcast and replay will be accessible here: https://edge.
Strategic Funding Round to Scale Cell Production and Deliver Next-Generation EV Batteries to Global Automakers in 2025 SAN LEANDRO, Calif., March 18, 2025 /PRNewswire/ -- Battery technology company Coreshell today announced $24M in strategic funding aimed at scaling production of its 60 Ah battery cells made with 100% domestically-sourced metallurgical silicon (MG-Si). The round was anchored by Coreshell's strategic partner Ferroglobe PLC (NASDAQ:GSM) - a global leader in the production of Silicon and Ferroalloys, and Zeon Ventures. Additional financial and returning investors include Lane Ventures, Entrada Ventures, Foothill Ventures, Helios Climate Ventures, Translink Investment, Trousdal
Introducing 2025 Adj. EBITDA guidance of $100-$170 million Posted adjusted EBITDA of $153.8 million for the full year 2024 and $9.8 million for the fourth quarterGenerated $164.1 million of free cash flow for the full year and $14.1 million for the fourth quarterTrade measures to ensure fair trade in the U.S. and Europe are progressing wellIncreasing quarterly dividend by 7.7% to $0.014 per sharePaid quarterly cash dividend of $0.013 per share in DecemberRepurchased approximately 482,000 shares during the fourth quarter LONDON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the "Company", or the "Parent"), a leading global producer of silicon metal, silicon-
LONDON, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue fourth quarter and full-year 2024 financial results after the market closes on Wednesday, February 19, 2025, and will host the quarterly earnings call on Thursday, February 20, 2025, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register.vevent.com/register/BIb6e61c804d2b45609dc3abc37310abd0 Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast: A simultaneous audio webcast, and replay will be accessible here:
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Maintaining Adj. EBITDA guidance of $150-170 million Recorded improved adjusted EBITDA of $60 million for the third quarter of 2024Positive net cash position of $32 million and adjusted gross debt of $89 millionU.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi importsPaid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27Repurchased shares during the third quarter and implemented a 10b5-1 planPreparing to issue ESG report highlighting the company's 2030 decarbonization targets and other milestones LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the
LONDON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue third quarter financial results after the market closes on Wednesday, November 6, 2024, and will host the quarterly earnings call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should dial 800-715-9871 (US toll-free) or 646-307-1963 (international) approximately 15 minutes prior to start time. To join via webcast: A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/mmc/p/ej52hvj2 About Ferroglobe Ferroglobe is a leading global producer of silicon metal, silicon and ma
Narrowing annual Adj. EBITDA guidance to $150-170 million from $130-170 million previously Posted solid adjusted EBITDA of $58 million for the second quarter of 2024Net cash positive of $64 million and adjusted gross debt of $81 millionU.S. Department of Commerce announced preliminary duties on Russian FeSi importsCoreshell advanced EV battery testing yields promising resultsFrench operations restarted in Q2, driving silicon metal volume growthPaid quarterly cash dividend of $0.013 per share in June; next dividend on September 27Shareholders approved the share buyback program at the June annual general meeting LONDON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferrog
LONDON, July 24, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) announced today that it will issue second quarter financial results after the market closes on Monday, August 5, 2024, and will host the quarterly earnings call on Tuesday, August 6, 2024, at 8:30 a.m. Eastern Time. To join via phone: Conference call participants should pre-register using this link: https://register.vevent.com/register/BI13217e2c34d24a3384eaac756b699a70 Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call. To join via webcast:A simultaneous audio webcast, and replay will be accessible here: https://edge.media-server.com/mmc/p/wczmt