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The latest announcement is out from Alstom SA ( (FR:ALO) ).
Alstom has secured a €538 million contract with the Greater Wellington Regional Council in New Zealand to supply 18 battery-electric multiple unit trains and provide 35 years of maintenance. This initiative marks the introduction of battery-electric commuter trains in New Zealand, replacing the existing diesel fleet and enabling zero direct carbon emissions. The project includes the construction of a maintenance facility in Masterton, utilizing advanced technologies for fleet maintenance. This contract signifies Alstom’s commitment to sustainable mobility and expands its presence in the Asia-Pacific region, offering a greener transport option for Wellington.
The most recent analyst rating on (FR:ALO) stock is a Hold with a EUR25.00 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, specializing in the design, manufacture, and maintenance of transport systems. The company focuses on providing environmentally friendly and modern rail solutions worldwide.
YTD Price Performance: -7.10%
Average Trading Volume: 1,083,689
Technical Sentiment Signal: Buy
Current Market Cap: €9.25B
Learn more about ALO stock on TipRanks’ Stock Analysis page.