Alstom's Stock Jumps Over 6% Following a €800M Contract Outside Europe
The railway manufacturer marks one of the strongest rebounds on the Paris stock exchange as the market nears closing. This movement comes after a major new order from outside Europe, helping the stock to regain its footing at a short-term technical benchmark, after a particularly tough quarter.
A Rebound of Over 6% That Puts the Stock Above Its MM20
Alstom's stock surged by 6.31% to €16.09, among the highest gains in the SBF 120. The stock has moved back above its MM20 at €15.97, with a gap of 0.72%, having been below this reference in recent days. The MM50 at €16.61 remains out of immediate reach (a gap of 3.16%), and especially the MM200 at €22.24 underscores the extent of the medium-term downturn, with the price still nearly 28% lower.
The day's rebound mitigates the quarterly decline, which still amounts to nearly 38%, and temporarily exits the oversold zone indicated by an RSI at 38. This movement follows the announcement on Thursday of a locomotive order worth approximately €800 million in Africa, the Middle East, and Central Asia, recorded in the first quarter of the fiscal year 2026/27. The index context supports the movement, with the CAC 40 up by 0.49% and the SBF 120 at +0.59% during the session.
High Short Positions and Statutory Meeting on July 9
According to reviewed statements, five funds accumulate a net short position of 4.37% of the capital, up by 1.06 points over thirty days (from 3.31% a month ago). This level, above the often-considered threshold of 3% as a signal of sustained bearish pressure, reflects the persistence of bearish bets despite the recent succession of commercial orders. This parameter should be monitored without overinterpretation: it reflects the positioning of a handful of institutional investors, not a consensus market view.
In terms of valuation, according to the consensus of surveyed analysts, the stock is trading at about 9.6 times current fiscal year earnings and 7.7 times next fiscal year earnings. The next scheduled event is the mixed general meeting, set for Thursday, July 9, 2026. The nearest technical resistance is at €17.27, approximately 7% above the current price, while the support at €15.01 has served as a rebound point recently.
