Latest news with #Wartsila
Business Insider
14-07-2025
- Business
- Business Insider
Wartsila price target raised to EUR 19.40 from EUR 16.80 at Citi
Citi raised the firm's price target on Wartsila (WRTBY) to EUR 19.40 from EUR 16.80 and keeps a Neutral rating on the shares. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Al Arabiya
01-07-2025
- Business
- Al Arabiya
VCM CEO on Saudi carbon market potential and IMF revises GDP growth forecast
In this episode of The Riyal Deal, Tom Burges Watson looks at the decarbonization and net zero goals in Saudi Arabia. Riham ElGizy, CEO of the PIF-backed Voluntary Carbon Market discuses the momentum in the sector and motivation for big polluters to sign up for carbon credits. The President and the CEO of the Finnish company, Wartisala discusses decarbonizing the marine sector while the Everllence Head of the Middle East and Africa Region explores how they 'move big things to zero.' Finally, Ali Raza, Chief Investment Officer at Haytham & Company breaks down why the IMF revised upwards the GDP growth forecast for the Kingdom. Guests: Riham ElGizy, Voluntary Carbon Market CEO
Yahoo
05-06-2025
- Business
- Yahoo
Are Industrial Products Stocks Lagging Crown Holdings (CCK) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Crown Holdings (CCK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question. Crown Holdings is a member of our Industrial Products group, which includes 189 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for CCK's full-year earnings has moved 3.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the latest available data, CCK has gained about 17.7% so far this year. In comparison, Industrial Products companies have returned an average of -2%. As we can see, Crown Holdings is performing better than its sector in the calendar year. Another Industrial Products stock, which has outperformed the sector so far this year, is Wartsila (WRTBY). The stock has returned 21% year-to-date. Over the past three months, Wartsila's consensus EPS estimate for the current year has increased 5.6%. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Crown Holdings belongs to the Containers - Metal and Glass industry, a group that includes 3 individual companies and currently sits at #35 in the Zacks Industry Rank. On average, stocks in this group have gained 4.4% this year, meaning that CCK is performing better in terms of year-to-date returns. Wartsila, however, belongs to the Manufacturing - Electronics industry. Currently, this 17-stock industry is ranked #84. The industry has moved -8.3% so far this year. Investors interested in the Industrial Products sector may want to keep a close eye on Crown Holdings and Wartsila as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report Wartsila (WRTBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
29-05-2025
- Business
- Reuters
Wartsila bets flexibility key for ethanol power generation in Brazil
SAO PAULO, May 29 (Reuters) - Finland's Wartsila( opens new tab is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt engine will burn ethanol for 4,000 hours during a two-year pilot starting in April 2026. The Finnish company billed its efforts as a world-first trial in generating electricity with an ethanol-powered engine. But similar experiments by Brazilian corporate heavyweights Petrobras ( opens new tab and Vale ( opens new tab sputtered out amid high costs and low uptake, according to people who worked on those projects. Brazil is the world's second-largest producer of ethanol, after the United States, producing the biofuel largely from sugarcane and increasingly from corn. Brazil has used ethanol to power cars for decades, leading to volatile prices affected by sugar and petroleum markets. In 2010, Petrobras teamed up with General Electric, before the U.S. manufacturer split into three separate public companies, to convert a gas turbine at the state-run oil producer's power plant in Juiz De Fora to run on ethanol. "Ethanol was very sexy, everyone gets very hyped about it," a person with knowledge of the project told Reuters on condition of anonymity. The plant returned to running on natural gas shortly after the 1,000-hour test was completed, as higher costs made ethanol untenable as a fuel in the long run, the person added. Petrobras confirmed the turbine in Juiz De Fora now runs on natural gas. Vale Solucoes em Energia (VSE), a startup majority-owned by the mining giant, invested some $600 million in clean energy, including ethanol-powered electricity, VSE's former Chief Executive James Pessoa said in an interview. VSE built smaller ethanol-based generators for electricity which were used in Rio de Janeiro and Amazonas state, Pessoa said, adding that another was built at Brazil's Antarctic research station. VSE was shuttered by 2013. Pessoa said he had not seen any further development since then of ethanol-powered generators like those produced by VSE. "The technology exists," he said, adding that Brazil could have millions of heavy ethanol engines powering the country. "But in practical terms, there are zero (in operation)." Wartsila plans to test ethanol as a fuel for one of its 32M engines, which is larger than the VSE generators but far smaller than the plant converted by Petrobras, seeking efficiency at a more flexible scale. While running a turbine on ethanol 24-7 is more costly than natural gas, those plants cannot provide the flexibility needed by a grid like Brazil's, which is mostly powered by renewables, Jorge Alcaide, Wartsila's managing director in Brazil and head of its energy business in the southern America region, said in an interview. The engine will "follow the wind" and start up quickly when renewable sources like wind and solar fall off, said Alcaide. Wartsila declined to reveal its spending on the pilot. "Thermal power plants in Brazil should be used in the standby model," he said. "We need thermal to be available, it's like insurance."
Yahoo
22-05-2025
- Business
- Yahoo
Wartsila to supply cargo handling systems for ammonia carriers
Wartsila Gas Solutions, a business unit of Wartsila, has secured a contract to provide cargo handling systems for two very large ammonia carriers (VLACs) currently under construction at the Hanwha Ocean shipyard in South Korea. These vessels, each with a capacity of 88,000m³, have been ordered by a Japanese shipping company. The delivery of Wartsila's equipment is expected to begin in the fourth quarter of this year. Hanwha Ocean basic design team leader Lee said: 'We have good experience with Wärtsilä's cargo handling systems. 'Their support and quick reaction to our needs have always been much appreciated, and their systems are perfectly designed for these two VLACs.' VLACs are specifically designed to transport ammonia, which requires modifications to the cargo tanks and hulls due to the substance's high specific gravity. The vessels will feature reinforced structures and a deeper draught when fully loaded, according to the company. Wartsila Gas Solutions sales manager Patrick Ha said: 'Enabling decarbonised shipping operations is at the core of our strategy. 'This contract is an additional proof point for continuous successful strategy implementation, while reinforcing our strong partnership with Hanwha.' Recently Wartsila Underwater Services formed a strategic alliance with Greece's Megatugs to enhance underwater support solutions for the global shipping industry. This partnership aims to boost operational efficiency and sustainability for vessel operators by minimising downtime, reducing costs, and setting new standards in underwater service quality. Last month Wartsila unveiled plans to upgrade the RT-flex main engines on two bulk carriers owned by Turkish shipping company Ulusoy Sealines. This retrofitting initiative aims to improve the vessels' operational lifespan, performance, and fuel efficiency, ultimately reducing emissions. "Wartsila to supply cargo handling systems for ammonia carriers" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
