Alstom Wins €1.2B Contract for Britain's First Battery-Electric Train Fleet
ALSMY is trading near its 52-week low of $1.65 (6.1% above the low).
Summary
Alstom signed €1.2B in contracts with TransPennine Express to supply and maintain 29 battery-electric Adessia Stream trains for the U.K. The deal includes €930M for rolling stock and €230M for long-term maintenance. This is the first deployment of the Adessia Stream platform in the U.K. and will create Britain's first mainline battery-electric fleet. Trains will be built at Alstom's Derby factory, with delivery starting 2032 and service entry in 2034. The order supports the decarbonization of a key rail corridor and secures significant long-term revenue for Alstom's U.K. operations.
At the time of this announcement, ALSMY was trading at $1.75 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $1.65 to $3.51. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.