Alcoa rises 5.8% as investors focus on potential data-center/power-asset monetization and strong aluminum pricing

Alcoa Corporation (AA) is up 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to growing investor attention on Alcoa’s ability to monetize power-linked industrial sites by repurposing idled or curtailed assets for the data-center buildout, alongside a supportive aluminum price backdrop. Management commentary pointing to multiple potential transactions in the near term may have helped push the shares higher.

Details:

Alcoa said it would participate in the BMO Global Metals, Mining & Critical Minerals Conference on February 24, 2026, with a Q&A on business conditions and its current market outlook, and noted that related presentation materials would be posted to its investor site.

At an investor conference, CEO Bill Oplinger discussed focusing on 10 sites for potential sales into the AI/data-center ecosystem, with the first transaction targeted for the first half of 2026 and additional deals that could follow soon after.

Recent commentary has emphasized that aluminum prices have been holding at elevated levels versus last year, which can improve sentiment toward upstream aluminum producers’ cash-flow potential.

Separately, management comments have indicated the first site sale could be completed by the end of June, reinforcing the market’s sense of a nearer-term timeline.

Sources:

Alcoa, Barron’s, Energy News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AA Hedge Fund Activity

We have seen 384 institutional investors add shares of $AA stock to their portfolio, and 260 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MIRABELLA FINANCIAL SERVICES LLP removed 40,061,147 shares (-99.9%) from their portfolio in Q4 2025, for an estimated $2,128,849,351
FMR LLC added 4,690,789 shares (+1940.0%) to their portfolio in Q4 2025, for an estimated $249,268,527
L1 CAPITAL PTY LTD removed 4,342,223 shares (-73.8%) from their portfolio in Q4 2025, for an estimated $230,745,730
BANK OF NEW YORK MELLON CORP added 4,247,559 shares (+211.7%) to their portfolio in Q4 2025, for an estimated $225,715,285
CASTLE HOOK PARTNERS LP added 3,968,265 shares (+inf%) to their portfolio in Q4 2025, for an estimated $210,873,602
MAPLE ROCK CAPITAL PARTNERS INC. added 3,263,300 shares (+inf%) to their portfolio in Q4 2025, for an estimated $173,411,762
AQR CAPITAL MANAGEMENT LLC added 2,503,132 shares (+153.4%) to their portfolio in Q4 2025, for an estimated $133,016,434

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$AA Analyst Ratings

Wall Street analysts have issued reports on $AA in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 01/08/2026
Citigroup issued a "Buy" rating on 12/19/2025
Wells Fargo issued a "Overweight" rating on 10/08/2025
B. Riley Securities issued a "Buy" rating on 09/23/2025

To track analyst ratings and price targets for $AA, check out Quiver Quantitative's $AA forecast page.

$AA Price Targets

Multiple analysts have issued price targets for $AA recently. We have seen 8 analysts offer price targets for $AA in the last 6 months, with a median target of $49.0.

Here are some recent targets:

Carlos De Alba from Morgan Stanley set a target price of $64.0 on 01/27/2026
Timna Tanners from Wells Fargo set a target price of $64.0 on 01/23/2026
Bill Peterson from JP Morgan set a target price of $50.0 on 01/08/2026
Alexander Hacking from Citigroup set a target price of $54.0 on 12/19/2025
Daniel Major from UBS set a target price of $48.0 on 12/12/2025
Katja Jancic from BMO Capital set a target price of $37.0 on 10/23/2025
An analyst from HSBC set a target price of $41.0 on 10/17/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.