Stellantis Tumbles, Kongsberg Soars, Orsted Jumps
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Stellantis will take roughly €22 billion ($26 billion) in charges linked to a sweeping overhaul of its operations as high costs and muted electric-vehicle sales force the automaker to adjust its strategy. Stellantis shares fell as much as 14% in Milan, with the announced charges exceeding analyst projections.
- Kongsberg shares soar as much as 17%, the most on record, after the Norwegian defense firm posted results that Morgan Stanley says delivered a strong end to the year, with all divisions recording double-digit growth in the fourth quarter.
- Orsted shares rise 4.5% after the Danish wind company reaffirmed its Ebitda excluding items forecast for 2026. Analysts from Jefferies and Morgan Stanley flag reassurance on the construction timelines of US projects.
See omnystudio.com/listener for privacy information.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Stellantis will take roughly €22 billion ($26 billion) in charges linked to a sweeping overhaul of its operations as high costs and muted electric-vehicle sales force the automaker to adjust its strategy. Stellantis shares fell as much as 14% in Milan, with the announced charges exceeding analyst projections.
- Kongsberg shares soar as much as 17%, the most on record, after the Norwegian defense firm posted results that Morgan Stanley says delivered a strong end to the year, with all divisions recording double-digit growth in the fourth quarter.
- Orsted shares rise 4.5% after the Danish wind company reaffirmed its Ebitda excluding items forecast for 2026. Analysts from Jefferies and Morgan Stanley flag reassurance on the construction timelines of US projects.
See omnystudio.com/listener for privacy information.
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