GrafTech International Ltd. (EAF)

GrafTech's stock has been impacted by several events in the past six months. The company reported a significant earnings miss for Q3 2025, leading to a stock price drop. For Q2 2025, GrafTech posted a loss per share. The stock price increased prior to September 15, 2025, benefiting institutional investors. An analyst price target for EAF was increased on November 18, 2025. As of November 25, 2025, GrafTech's stock had risen compared to the previous week, but experienced a fall over the last month and year. The stock's 52-week trading range has been between $5.50 and $22.60.

The demand for GrafTech International Ltd.'s products is influenced by the cyclical nature of the global steel industry. Demand for needle coke is also affected by seasonal production cycles in end-use industries. The company's reliance on the steel industry suggests that demand for its products would similarly exhibit cyclical or seasonal trends. The shift towards electric arc furnaces and the growing demand for synthetic graphite in lithium-ion batteries are expected to drive long-term demand for GrafTech's products.

GrafTech International Ltd. (EAF) manufactures graphite electrode products for electric arc furnace (EAF) steel production and other metals. The company also produces petroleum needle coke, a key raw material for graphite electrodes and synthetic graphite. GrafTech operates in the Producer Manufacturing sector, focusing on Electrical Products and Electrical Equipment & Parts industries. Its primary products are UCAR® Graphite Electrodes, essential for EAF steelmaking. Additionally, GrafTech produces petroleum needle coke, a crystalline carbon used in graphite electrodes and synthetic graphite for lithium-ion batteries in electric vehicles.

GrafTech International Ltd. has graphite electrode manufacturing facilities in Calais, France; Pamplona, Spain; Monterrey, Mexico; and St. Mary's, Pennsylvania, USA. The company serves customers, including steel and metal producers, across Europe, the Middle East and Africa (EMEA), the Americas, and Asia-Pacific (APAC).

GrafTech's brand reputation has been challenged by suppressed graphite electrode pricing due to an oversupplied market, coupled with a tough market for steel and internal issues, negatively impacting earnings. An activist investor's open letter in March 2024 highlighted a loss in shareholder value, a decline in net sales, and a collapse in Adjusted EBITDA since 2019, along with board and management turmoil, which likely continues to influence perception.

Institutional investors hold a significant portion of GrafTech International Ltd., controlling 60% of the company's shares. Major institutional owners include Marathon Asset Management Lp, Yacktman Asset Management Lp, Vanguard Group Inc, Charles Schwab Investment Management Inc, Franklin Resources Inc, Millennium Management Llc, Ameriprise Financial Inc, Moore Capital Management, Lp, Prescott Group Capital Management, L.l.c., and Marshall Wace, Llp. Other notable institutional holders are Colonial House Capital Limited, HEG Limited, and Brookfield Corporation. The general public holds a 14% stake, while public companies own 10.0% of GrafTech International.