Alcoa Stock To Less Than $16?
1. Alcoa's stock down 16% this year despite earnings rebound. 2. Tariff expenses reduced Q2 earnings by $115 million. 3. Smelter delays constrained aluminum shipment guidance for 2025. 4. P/EBIT ratio dropped from 10.2x in 2022 to 5.3x today. 5. Investor caution remains due to macroeconomic challenges.