Alcoa Corporation (NYSE: AA) experienced a significant intraday plummet of 8.14% on Friday, as the stock retreated sharply during the trading session.

The sell-off occurred despite the metals producer reporting stronger-than-expected fourth-quarter results, with revenue and earnings per share exceeding analyst consensus. The negative price action was driven primarily by the company's outlook for the first quarter of 2026, which projected sequential headwinds including an approximately $30 million decline in the Alumina segment's adjusted EBITDA and an about $70 million drop in the Aluminum segment's adjusted EBITDA.

Adding to the downward pressure, multiple analysts revised their price targets downward following the report. BMO Capital lowered its target to $65 from $67, while Wells Fargo cut its target to $64 from $71, citing concerns over the company's near-term profitability outlook despite the solid quarterly performance.