We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cabot Expands Battery Materials Platform With $50M DOE Grant
Read MoreHide Full Article
Key Takeaways
Cabot will expand advanced conductive additives production at its Franklin and Pampa facilities.
A modified $50M DOE grant and about $75M of Cabot investment will fund the brownfield expansion.
Franklin and Pampa will add battery-material production, with both projects operational by the end of 2028.
Cabot Corporation (CBT - Free Report) is planning to expand domestic production of advanced conductive additives at its Franklin, LA, and Pampa facilities through a modified $50 million grant from the U.S. Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation (CMEI).
The funding, along with approximately $75 million of Cabot investment, the company will be able to meet the rising demand for energy storage systems, AI infrastructure, data centers, grid modernization and broader electrification.
Under the revised agreement, the company will redirect funding from its originally planned Michigan project toward a two-site brownfield expansion. Leveraging established manufacturing assets is expected to accelerate development, improve production efficiency and strengthen supply capabilities.
The investment will also support Franklin’s production of LITX advanced battery-grade conductive carbons, while the Pampa facility will establish Cabot’s first commercial-scale production of carbon nanostructures and part of its ENERMAX product family. Both projects are expected to become operational by the end of 2028.
Cabot’s established customer relationships, global manufacturing footprint and expertise in conductive carbons, carbon nanotubes and carbon nanostructures position it to serve growing battery material requirements. The investment is expected to strengthen the company’s competitive position while expanding its presence in the North American battery market.
CBT’s shares have gained 17% year to date compared with the industry’s 13.7% rise in the same period.
Image Source: Zacks Investment Research
CBT’s Zacks Rank & Key Picks
CBT currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and Avient Corporation (AVNT - Free Report) .
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $22.23 per share, indicating a 55.89% year-over-year increase. RS’shares have gained 39.2% over the past year.
The Zacks Consensus Estimate for KRO’s 2026 earnings is pegged at 35 cents per share, indicating a rise of 136.46% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the rest, with an average surprise of 33.99%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’s shares have gained 15.5% over the past year.
View the Zacks #1 Rank List
Image: Bigstock
Cabot Expands Battery Materials Platform With $50M DOE Grant
Key Takeaways
Cabot Corporation (CBT - Free Report) is planning to expand domestic production of advanced conductive additives at its Franklin, LA, and Pampa facilities through a modified $50 million grant from the U.S. Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation (CMEI).
The funding, along with approximately $75 million of Cabot investment, the company will be able to meet the rising demand for energy storage systems, AI infrastructure, data centers, grid modernization and broader electrification.
Under the revised agreement, the company will redirect funding from its originally planned Michigan project toward a two-site brownfield expansion. Leveraging established manufacturing assets is expected to accelerate development, improve production efficiency and strengthen supply capabilities.
The investment will also support Franklin’s production of LITX advanced battery-grade conductive carbons, while the Pampa facility will establish Cabot’s first commercial-scale production of carbon nanostructures and part of its ENERMAX product family. Both projects are expected to become operational by the end of 2028.
Cabot’s established customer relationships, global manufacturing footprint and expertise in conductive carbons, carbon nanotubes and carbon nanostructures position it to serve growing battery material requirements. The investment is expected to strengthen the company’s competitive position while expanding its presence in the North American battery market.
CBT’s shares have gained 17% year to date compared with the industry’s 13.7% rise in the same period.
Image Source: Zacks Investment Research
CBT’s Zacks Rank & Key Picks
CBT currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and Avient Corporation (AVNT - Free Report) .
While RS currently sports a Zacks Rank #1 (Strong Buy), KRO and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $22.23 per share, indicating a 55.89% year-over-year increase. RS’shares have gained 39.2% over the past year.
The Zacks Consensus Estimate for KRO’s 2026 earnings is pegged at 35 cents per share, indicating a rise of 136.46% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the rest, with an average surprise of 33.99%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’s shares have gained 15.5% over the past year.