New York, June 5, 2026, 13:02 (EDT)
- Ferroglobe was last at $3.84 on Nasdaq, off 26 cents, or nearly 6.3%, close to session lows.
- U.S. stocks dropped after May payroll numbers topped estimates, sending Treasury yields up and renewing concerns about rate hikes.
- Ferroglobe’s last quarter brought higher sales, but adjusted EBITDA, the key profit metric for investors, was weaker.
Ferroglobe PLC shares slid on the Nasdaq Friday, trailing behind the wider materials sector as traders pulled back risk after a strong U.S. jobs report.
The stock last changed hands at $3.84, off 26 cents from the prior close. Shares traded between $3.84 and $4.04 so far, with volume around 480,000 by the most recent print.
Ferroglobe is in a cyclical spot, with silicon metal and ferroalloys used in solar, autos, construction, and energy, so the stock often reacts when investors shift their view on growth, rates, or industrial demand.
U.S. stocks fell after May nonfarm payrolls jumped by 172,000, much higher than the 85,000 expected in a Reuters poll. The jobs data pushed Treasury yields up and fueled talk that the Federal Reserve could raise rates later this year. At 11:52 a.m., the Nasdaq was off 2.37% and the S&P 500 lost 1.40%, according to .
Materials lagged. The Materials Select Sector SPDR Fund slipped 1.7%. Dow Inc shed 3.0%.
Wacker Chemie dropped after Citi cut it to Sell. Analyst Sebastian Satz at Citi said Wacker’s contract-heavy polysilicon business “limits upside in a recovery scenario.” Wacker, which supplies silicon and polysilicon, fell even though the U.S. tape was not the only competitive signal in play. Investing
Ferroglobe’s latest results delivered a split picture for investors. The London-based firm posted first-quarter revenue of $347.7 million, a gain of 5.6% from the previous quarter and up 13.2% over last year. But adjusted EBITDA dropped, landing at $3.3 million compared with $14.6 million in the fourth quarter. Adjusted EBITDA means earnings before interest, taxes, depreciation and amortization, with some items excluded.
Ferroglobe CEO Marco Levi said shipments of ferroalloys increased during the quarter, supported by trade actions and a pickup in U.S. steel production. But Levi said pricing “did not keep pace with higher costs.” He sees the cost pressure as temporary and expects pricing to get better in the back half of the year. GlobeNewswire
Ferroglobe CFO Beatriz García-Cos said lower silicon metal prices and squeezed margins in silicon-based alloys hit results. The company finished March with $96.4 million total cash and $54.6 million in net debt. The next quarterly cash dividend remains at 1.5 cents per share and will be paid June 29 to shareholders on record as of June 22.
Index inclusion gives Ferroglobe another angle. The company said last year it joined both the Russell 2000 and Russell 3000 indexes—benchmarks many fund managers track. That can boost visibility, but it doesn’t shield a small-cap materials stock when rates climb or risk appetite fades.
But there’s an obvious risk. If silicon metal prices remain weak, and costs for materials and shipping stay up, or if the rate-driven selloff drags on, Ferroglobe’s push for more volume might not turn into fatter margins quick enough for the market. Trade actions that boost prices later this year could give the stock some support.
