Wabtec has made a series of strategic moves including the finalization of a locomotive order with TRANSAP and the acquisition of Evident’s Inspection Technologies Division. The company's latest stock news and market updates reflect a healthy momentum, underscored by the recent increase in its share price target to $226 by BofA Securities. Bloom Engineering's buyout has positioned Wabtec for potential future benefits, especially in the areas of heat transfer and energy solutions where Bloom's expertise lie. The company's Q4 2024 earnings release is anticipated on February 12th. Wabtec’s hybrid battery-diesel work locomotives have also received approval for maintenance operations in the New York subway system, signifying progress in its sustainable technological integrations. Their acquisition strategy can be seen with the $1.78 billion acquisition of Evident’s Inspection Technologies Division which is a strategic expansion. This acquisition aligns with the buyout of Bloom Engineering, expanding the Heat Transfer and Energy Solution Portfolio of the company.
Wabtec WAB News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Thu, 23 Jan 2025 11:57:48 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -2
