5 Small-Cap Stocks to Buy According to Ken Fisher

4. Century Aluminum Company (NASDAQ:CENX)

Fisher Asset Management’s Stake Value: $66 million

Percentage of Fisher Asset Management’s Portfolio: 0.03%

Market Cap as of June 16: $921.9 million

Century Aluminum Company (NASDAQ:CENX) is America’s largest producer of primary aluminum. The company doesn’t produce aluminum from aluminum scrap. Instead, it extracts directly from the ore. In the first quarter of 2022, Ken Fisher increased his holding in the company by 5% and was the most significant stakeholder of the company, with a position worth $66 million.

Century Aluminum Company (NASDAQ:CENX) posted its first-quarter 2022 EPS of $0.59, outperforming the estimates by $0.26. The company lagged behind in the revenue estimates by $100,000 after reporting a revenue of $753.60 million. 

On May 18, Century Aluminum Company (NASDAQ:CENX) was downgraded to Peer Perform from Outperform and the price target was reduced to $14 from $30 by Wolfe Research analyst Timna Tanners. In recent weeks, the analyst reported that a “sharply worse” power price outlook in the MISO region exceeds a positive aluminum view.