Celanese Corporation (CE) faced a challenging 2024 with shares plummeting largely due to weak outlook and deteriorating demand. The materials giant's stock hit a 52-week low, and despite price increases in engineered materials, market hurdles persisted. Full-year earnings reports depicted a company dealing with low revenues as CE shares fell by 29%. Broadcast host Jim Cramer pointed out the companyβs need for a rebound in the global chemical sector, notably in China.
A series of downgrades by RBC Capital and others further affected investor outlook. Selaneseβs dividend was reduced, raising concerns, and it was considered as one of the most oversold S&P500 stocks. It, however, managed to beat earnings and revenue estimates for Q4. A securities fraud investigation into the corporation was announced, prompting investors to protect their interests. Future projections anticipate a challenging 2025, and the focus is now on strategic adjustments: cost management, cash generation and deleveraging. Despite this, the company remains among the top-performing stocks in basic materials, and has made significant leadership changes to drive growth and profitability.
.Celanese Corporation CE News Analytics from Tue, 05 Nov 2024 08:00:00 GMT to Sat, 22 Feb 2025 07:15:19 GMT - Rating -8 - Innovation -3 - Information 7 - Rumor -6
