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Alstom SA ( (FR:ALO) ) has provided an update.
Alstom has signed a contract with SYTRAL Mobilités to modernize line D of the Lyon metro, valued at over 300 million euros. This project includes the delivery of 26 new-generation automatic metro trains and a comprehensive upgrade of systems and automation, aimed at enhancing reliability, capacity, and passenger experience. The new trains, which are eco-designed and 96% recyclable, will incorporate advanced technologies such as electric braking systems and cybersecurity measures. The modernization will also involve the installation of Alstom’s Urbalis signalling solution for improved driverless operation, enhancing the line’s capacity and energy efficiency. This initiative underscores Alstom’s leadership in the mass transit market and its commitment to sustainable and smart mobility solutions.
The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR16.00 price target. To see the full list of analyst forecasts on Alstom SA stock, see the FR:ALO Stock Forecast page.
More about Alstom SA
Alstom is a global leader in smart and sustainable mobility, offering a range of transportation solutions including high-speed trains, metros, monorails, trams, turnkey systems, services, infrastructure, signalling, and digital mobility. The company is committed to contributing to a low carbon future by developing and promoting innovative and sustainable transportation solutions.
Average Trading Volume: 1,532,335
Technical Sentiment Signal: Buy
Current Market Cap: €9.83B
Find detailed analytics on ALO stock on TipRanks’ Stock Analysis page.