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An announcement from Alstom SA ( (FR:ALO) ) is now available.
Alstom has announced a contract to deliver 55 Traxx Hauler electric locomotives to Ukrainian Railways, valued at approximately 470 million euros. This strategic agreement, primarily financed by the European Bank for Reconstruction and Development and the World Bank, aims to modernize Ukraine’s rail transport infrastructure with dual-voltage locomotives tailored to the country’s specific needs. The locomotives will be manufactured in France and are expected to enhance operational efficiency and sustainability, contributing to Ukraine’s economic development and resilience.
The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR26.00 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 SA is a global leader in smart and sustainable mobility solutions, specializing in the design and manufacturing of locomotives and railway traffic control systems. The company has a significant presence in Ukraine since 2012, with an engineering center in Kharkiv and an office in Kyiv, supporting various rolling stock projects. Alstom’s Traxx locomotives portfolio is the broadest in the industry, catering to electric and hybrid locomotive markets worldwide.
YTD Price Performance: 9.88%
Average Trading Volume: 1,005,578
Technical Sentiment Signal: Buy
Current Market Cap: €10.95B
For detailed information about ALO stock, go to TipRanks’ Stock Analysis page.