BASF exhibited relatively
volatile performance based on various pieces of news in the equity markets. The chemical giant had several high-profile conference appearances, confirmed a strategic 10-year natural gas supply collaboration with
Equinor, and announced promising developments like the next-gen Keropur gasoline additive series. Sadly, the U.S. low-carbon ammonia project ended, leading to a cut in BASF stock rating and a reduction in its price target by
JPMorgan. The company, however, seemed undeterred, launching new initiatives and technologies, including a
cadmium-free quantum dot display technology and Refinity, a cloud-based platform. Despite some challenges, the firm posted solid earnings and a healthy balance sheet. Nevertheless, critical reviews from financial firms like Jefferies and BERENBERG downgraded BASF's rating were also highlights. The company made structural changes, acquiring full ownership of the Alsachimie Joint Venture and launching a black mass plant in Germany. However, BASF was also reported to begin selling its coatings business around $6.8 billion. Negative points include the decline in earnings driven by increased competition, potential difficulties with the Euro, and a reduction of dividend payouts for shareholders.
BASF Stocks News Analytics from Thu, 02 Feb 2023 08:00:00 GMT to Wed, 24 Sep 2025 13:50:54 GMT -
Rating 2
- Innovation 0
- Information 8
- Rumor -4
