BASF SE has been gaining attention from both analysts and investors. Despite the reduction of the dividend to €2.25, the stock made an impressive jump of 10.9%. Analyst firms have mixed opinions, with some maintaining a neutral stance while others downgraded the stock's rating. Despite this, investors appear satisfied with BASF's prospects. The conglomerate continues to innovate, having expanded their portfolio with biomass-balanced products and sustainable personal care solutions and launched unique features in their Refinity cloud-based platform. Recent personnel changes saw the appointment of Heather Remley as President and CEO. In an all-cash transaction worth $1.15 billion, Sherwin-Williams agreed to acquire BASF's Suvinil. Also announced was a planned listing for BASF's agricultural chemicals unit, future development of a new alcoholates plant in Ludwigshafen, and beginning operations for a 54-megawatt water electrolyzer. The company confirmed targets despite prevailing trade uncertainties. BASF has been taking steps towards restructuring, including selling its business dealing with architectural coatings in Brazil. This measure contributed to market fluctuations with the company's shares indicated 3% lower due to impairments affecting earnings.
BASF Stocks News Analytics from Thu, 09 May 2024 07:00:00 GMT to Fri, 09 May 2025 23:55:47 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -2
