Celanese Corporation (CE) has experienced a challenging period, with marked
dividend cuts and suspensions and
lagging shares. Allegations that led to
Pomerantz law firm investigating on behalf of investors are of concern, as is
demand weakness and Celanese being S&P's worst performer. A leadership transition has seen veteran Scott Richardson become CEO.
Leverage risks are notable, with Celanese being underperforming and Cirrus Logic, Teradata, and competing with others moving lower.
Institutional owners hold 89% of the company which missed its EPS by 61%. An
underperforming stock price, shareholder losses in the last 3 years, and
gloomy projections following Q3 underperformance are notably detrimental. However, the company made a key
partnership with Henkel for breakthrough CO2-based adhesives technology and secured a
$1 billion term loan facility. It is also pioneering
low-carbon solutions and carbon-capture innovation, focusing on sustainability. Furthermore, strategic SWOT insight will assist future direction, as the company weathers a period of market volatility.
Celanese Corporation CE News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Fri, 27 Dec 2024 21:40:00 GMT -
Rating -6
- Innovation -4
- Information 2
- Rumor -8
