Wärtsilä reported Q3 FY23 order intake and profitability ahead of the street’s and our expectations. Moreover, the management upgraded the guidance for the demand environment in the Energy market to an improvement over the next 12 months (vs flat previously). Also, the group announced a strategic review of the energy storage business which could result in a potential divestment, causing the share price to surge >16% (at the time of writing). We will factor these strong results into our estimates ....
