Wärtsilä’s stock price soared >10% (at the time of writing) following the better-than-expected Q3 results today — as the group continues to see improvements in its two end-markets. Accelerated demand for energy storage solutions underpinned the order-intake and sales, while profitability benefited from a favourable sales mix. We will raise our estimates and target price, but see limited upside given the subdued activity levels in the cruise vessel segment and muted margin profile associated with ....
26 Oct 2021
Share price jumps as Energy stars in Q3 perfromance
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Share price jumps as Energy stars in Q3 perfromance
Wartsila Oyj Abp (WRT1V:HEL) | 0 0 1.7% | Mkt Cap: 11,724m
- Published:
26 Oct 2021 -
Author:
Vansh Mehta -
Pages:
3 -
Wärtsilä’s stock price soared >10% (at the time of writing) following the better-than-expected Q3 results today — as the group continues to see improvements in its two end-markets. Accelerated demand for energy storage solutions underpinned the order-intake and sales, while profitability benefited from a favourable sales mix. We will raise our estimates and target price, but see limited upside given the subdued activity levels in the cruise vessel segment and muted margin profile associated with ....