Wartsila Shares Fall on Mid-Term Goals
Wartsila reported higher-than-expected third-quarter orders driven by surging data centre demand. However, its shares fell as new mid-term financial targets disappointed investors.
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Wärtsilä posted third-quarter orders of €2.37B ($2.65B), beating consensus, but shares fell 8% on Tuesday morning after the engineering group issued mid-term targets that lagged investor expectations. The drop sent the stock to the bottom of the STOXX 600 index, reversing early gains from the AI-driven data centre boom. Investors had priced in higher profitability targets for the energy division as power constraints multiply.
