The locomotive and rail provider, Wabtec (WAB), has been standing on a series of successes recently, marked by hefty contracts and some promising financial indicators. The company has recently been awarded a historic $4.2 billion locomotive order by Kazakhstan, marking a significant addition to their global growth prospects. Additionally, Wabtec and Vale signed an agreement to explore ethanol use in locomotives, highlighting a conscious move towards more sustainable locomotive technologies.
On the financial front, Wabtec has maintained a steady course with a consistent quarterly dividend. The corporation has also announced a partnership with the Pittsburgh Steelers. Notably, they've also recently announced their plan to acquire Frauscher Sensor Technology Group which might add to their innovative approach in the rail industry.
Despite an occasional miss on quarterly revenues, Wall Street anticipates higher valuations for WAB. This may be due to their ability to land big contracts consistently, like the recent one with Kazakhstan and the order from SNCF Voyageurs and Wabtec's KinetiX Inspection Technologies.
Wabtec WAB News Analytics from Tue, 12 Nov 2024 08:00:00 GMT to Sat, 18 Oct 2025 09:10:46 GMT - Rating 8 - Innovation 9 - Information 8 - Rumor 3
