Wabtec (WAB) has seen significant developments recently. The firm's
Hybrid Battery-Diesel Work Locomotives have been approved for maintenance operations for the New York Subway System. Also, it is emerging strong amongst other heavy transportation equipment stocks, with acquisitions, project advances, and other monetary gains. Wabtec has also
acquired Bloom Engineering, thus strengthening its heat transfer and energy solution portfolio for a cash consideration of
$69M. These purchases aim to expand their industrial heating solutions range.
Various new initiatives and strategic moves have positioned Wabtec as a strong stock. Measures like green friction technology, the introduction of an advanced collision avoidance system, high scores on the disability equality index, and certification in cybersecurity show innovation and growth.
However, in the earnings department, the company seems to have missed its Q3 sales targets. Yet, subsequent improvements were observed in estimates and analyses, emphasizing the firm's resilience under changing market dynamics.
Wabtec has also secured
$277M locomotive order from SimFer (Rio Tinto JV) and a deal with CSX, further bolstering its financial position.
Wabtec WAB News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Fri, 10 Jan 2025 20:30:14 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 5
