Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Alstom SA ( (FR:ALO) ) is now available.
Alstom has secured long-term train services and refurbishment contracts worth about £330 million with ScotRail Trains and rolling stock owner Beacon to support the Class 222 fleet in Scotland. The 10-year Technical Support and Spares Supply Agreement, running to 2036 with an option to 2042, covers technical support, spares, and early heavy maintenance for 22 five-car trains, reinforcing Alstom’s role in UK rail operations.
An additional £80 million refurbishment deal with Beacon will deliver extensive interior and exterior upgrades, including new seating, lighting, accessibility improvements, and modern onboard systems such as intelligent stop/start, WiFi, CCTV, passenger information screens and enhanced cybersecurity. The programme, to be delivered across multiple depots, supports ScotRail’s sustainability, inclusivity and modal-shift ambitions while sustaining skilled jobs and strengthening the UK rail supply chain as the network transitions to a more sustainable railway.
The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR24.50 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, specialising in the design, manufacture and servicing of rolling stock and rail systems. The company provides trains, signalling, and long-term maintenance and support services to passenger and freight rail operators worldwide, with a growing focus on energy efficiency and inclusive, low-carbon transport solutions.
Average Trading Volume: 1,110,979
Technical Sentiment Signal: Buy
Current Market Cap: €11.27B
For detailed information about ALO stock, go to TipRanks’ Stock Analysis page.