Alstom stock rebounds after two contracts in Saudi Arabia and Sweden

Two contracts in one day revive the share price after a difficult month

Alstom gains 1.53% to €14.95 in trading, supported by two commercial announcements released on the same day. The first concerns a €460 million contract secured from the Royal Commission for Riyadh City for the supply of driverless metro trains, extending a fleet already in service in the Saudi capital. The second relates to the exercise of an option by Swedish operator Västtrafik for 35 additional Avelia Stream Nordic trains, bringing the total number of units ordered for the regional network in western Sweden to 80.

These two contracts come as the stock was still down nearly 9% over one month, following a two-year low reached on September 24 at €14.51. The session rebound partially offsets this monthly decline, without entirely erasing it: the annual outlook remains heavily in the red, at -31.86%. When the group published its first quarter 2027 results on July 22, 2026, it confirmed its outlook for fiscal year 2026/27, targeting organic revenue growth of around 5% and an adjusted operating margin close to 6.5%.

Technical configuration still under pressure despite today's rebound

Today's rebound is insufficient to alter the overall configuration. The share price remains below the 20-day moving average at €15.56, with a gap of nearly 4%, and even further below the 50-day moving average at €15.97. The RSI at 38 reflects a dynamic that remains bearish without reaching a clear oversold zone. The support level at €14.54 remains the key floor to monitor, while resistance at €16.91 appears distant given recent performance.

On the short position front, five funds cumulatively hold 4.57% of capital sold short according to reported disclosures, a high level that reflects persistent institutional distrust of the stock, although this ratio has slightly declined by 0.11 percentage points over thirty days. This does not signal a trend reversal among short sellers, but indicates that downward pressure has not intensified recently. According to the consensus of reviewed analysts, the stock is valued at approximately 9.5 times current fiscal year earnings, positioning the valuation at a modest level relative to the group's historical multiples.