Alstom Shares Dip 2.62% Midday After Semi-Annual Results Release
On November 13, Alstom released its semi-annual financial report for the fiscal year 2025/26, revealing strong commercial performance in the first half. Following this announcement, Alstom's shares rose by 4% on November 14, with the company indicating that order intake remains a key driver supporting forecasts of a 1 billion euros free cash flow in the second half. Profit margins increased to 6.4% in the first half, benefiting from joint venture contributions, increased volumes, and improvements in research and development as well as sales, general, and administrative expenses. However, by midday on Monday, November 17, the stock experienced a decline.
Mid-Session Performance
At 23.07 euros mid-session, Alstom's stock has fallen 2.62% from Friday's close of 23.69 euros. The stock shows a limited share of capital traded at 0.05%, indicating moderate market activity. This decline occurs in a generally negative market context, with the CAC 40 down by 0.45% at 8,133.56 points this Monday. The resistance threshold is now at 23.69 euros, Friday's closing, while the technical support is positioned at 20.89 euros. Over a longer period, the momentum remains positive. The stock has risen 10.44% over seven days, confirming the positive impact of last Wednesday's semi-annual results. Over three months, the increase reaches 5.92%, and over a year, the stock gains 1.5%, a performance that remains below the CAC 40 which shows 11.88% over the same period. The 50-day moving average is established at 21.77 euros, significantly exceeded by the current price, indicating a medium-term upward trend.
Strong First Half Performance
On November 13, Alstom announced strong performance for the first half of fiscal year 2025/26, with a turnover of 9.1 billion euros, representing a growth of 3% in reported figures and 8% organically. The French railway manufacturer has raised its organic revenue outlook for 2025, after recording higher-than-expected semi-annual revenues, driven by strong demand for its high-speed trains. The order book stood at 96.1 billion euros as of September 30, 2025, providing solid visibility on future sales, with a first-half order-to-sales ratio of 1.2x. Among recent commercial successes, the group secured two major contracts in the United States: 2 billion euros for 316 commuter train cars for Long Island Rail Road and Metro-North Railroad, and 1 billion euros to supply 200 cars and 12 locomotives to NJ TRANSIT. On November 12, Alstom also announced a 1.6 billion euro contract for the construction of 42 Coradia Max trains in Poland, strengthening its presence in Central Europe.
Technical Analysis Insights
Technical analysis shows an RSI at 67, close to the overbought zone at 70, suggesting that the stock might enter a consolidation phase after its strong weekly rise. The MACD indicator shows a positive signal with a MACD line at 0.17 and a signal line at -0.05, confirming a short-term bullish momentum. The price is trading above its reference moving averages: 21.77 euros for the MM50 and 20.81 euros for the MM200, indicating a favorable technical positioning. Bollinger Bands frame the stock between 20.59 euros as the lower support and 23.14 euros as the upper resistance, with the current price close to the upper band, indicating contained volatility but a tense valuation. The presence of three net short positions representing about 1.20% of the capital shows some caution among investors. The Stochastic indicator is positioned for buying, confirming the generally positive sentiment of the technical indicators despite the observed decline this Monday midday.
