Despite recent
market challenges, there are varying opinions about Celanese Corporation's (CE) performance and future prospects. Investment firm,
Twelve Points Wealth Management LLC and
KBC Group NV have significantly increased their stakes in Celanese, indicating potential belief in the company's future growth. However,
Celaneseβs Q4 2024 earnings remain uncertain while
analysts have mixed views about the company's performance. There was also a considerable increase in short interest in the company.
Jim Cramer indicates that CEβs recovery was reliant on China, which unfortunately did not happen. Amidst these, the company also announced leadership changes with
Scott Richardson appointed as CEO and veteran leader Todd Elliott heading the Engineered Materials Division. Despite some setbacks, including a 95% dividend cut following Q3 earnings disappointments and a stock price hit its 52-week low, the company continues to receive investment, for example from
New England Research & Management Inc. and
Patton Albertson Miller Group LLC. There's an ongoing investigation against the corporation but the company remains dedicated to innovation with developments in sustainable low-carbon solutions and groundbreaking CO2-based adhesives technology.
Celanese Corporation CE News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 01 Feb 2025 19:30:22 GMT -
Rating -4
- Innovation 2
- Information -3
- Rumor -5
