Construcciones y Auxiliar de Ferrocarriles (ES:CAF) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
CAF has secured a contract to supply 40 narrow gauge trains for Metro Madrid, enhancing its fleet with state-of-the-art, energy-efficient units. The contract, valued at over 400 million euros, follows a previous agreement for wide gauge trains and aims to meet rising passenger demand and environmental goals. The new trains, financed by the European Investment Bank, will feature advanced technology for improved safety, comfort, and performance.
For further insights into ES:CAF stock, check out TipRanks’ Stock Analysis page.