Investors have flocked to Wärtsilä after the group reported better-than-expected order intake vs consensus estimates at Q1. The flat yoy order intake was supported by high activity level in energy storage and services within Energy and Marine Power segments. While we view this as a positive, we believe the surge in the stock price (up c.20%) is a bit of a market overreaction and expect the prices to recede in the coming weeks given that the near-term operating environment remains challenging.
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Order wins star in an otherwise lacklustre update
- Published:
23 Apr 2021 -
Author:
Vansh Mehta -
Pages:
3
Investors have flocked to Wärtsilä after the group reported better-than-expected order intake vs consensus estimates at Q1. The flat yoy order intake was supported by high activity level in energy storage and services within Energy and Marine Power segments. While we view this as a positive, we believe the surge in the stock price (up c.20%) is a bit of a market overreaction and expect the prices to recede in the coming weeks given that the near-term operating environment remains challenging.