Alstom stock rebounds 2% after securing €1.2 billion contract in the United Kingdom
The share of the Saint-Ouen-sur-Seine railway manufacturer is gaining ground this Friday, in a slightly positive SBF 120. The advance comes on the same day as the announcement of a major new contract in the United Kingdom, which adds to an order book already strengthened the previous week.
A €1.2 billion contract with TransPennine Express boosts the stock price during trading
Alstom announced this morning a €1.2 billion contract with British operator TransPennine Express, covering the supply and maintenance of the first fleet of battery-electric trains for major lines in the United Kingdom. This order follows a busy commercial sequence: on September 4, 2026, the group had already secured a C$4.7 billion contract with VIA Rail Canada for 313 long-distance cars. The stock gains 1.94% to €15.80 during trading, placing itself among the strongest rises in the SBF 120, within an index advancing 0.52%. Today's movement contrasts with the 2.5% decline recorded Wednesday, which had put the stock in a difficult technical configuration following the digestion of the Canadian contract.
Moving averages remain above the price, short positions declining over one month
Despite today's rebound, Alstom's technical configuration remains constrained. The stock is trading below its 20-day moving average at €16.12 (variance -1.99%) and its 50-day moving average at €16.08 (variance -1.74%), remaining constrained on both timeframes. Resistance at €16.93 constitutes the first level to break through to return to clearer territory, while support at €15.50 is now only €0.30 away from the current price. The RSI at 41 remains in neutral territory, with no signals of exhaustion in either direction.
On the short-selling front, five funds cumulatively hold 4.48% of the capital sold short according to recorded declarations, declining by 0.75 percentage points over thirty days (compared to 5.23% one month earlier). This level remains high and reflects persistent mistrust from some institutional investors toward the stock, even though recent trends point toward a gradual lightening of these bearish bets. Over one year, the stock is still down nearly 25%, which maintains pressure on the group to confirm the strength of its order book in upcoming publications.
