Ultime notizie per Constellium (NYSE:CSTM) Azioni

Constellium

Constellium SE is engaged in the design and manufacture of rolled and extruded aluminium products, serving the packaging, aerospace, automotive, defence and other transportation and industry end-markets. The business is organized into three operating segments: i) Packaging and Automotive Rolled Products segment which includes the production of rolled aluminium products in European and North American facilities. ii) Aerospace and Transportation segment includes the production of rolled aluminium products and very limited volumes of extruded products in European and North American facilities. iii) The Automotive Structures and Industry segment includes the production of extruded aluminium products and aluminium structural components.

Constellium SE

CONSTELLIUM SE CL A ORD

As <a href="https://www.benzinga.com/topic/2024-presidential-election">Election Week 2024</a> is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.
With a Democratic win likely to power up the clean energy sector and a Donald Trump victory poised to boost steel, the stakes are high for investors in metals, mining and clean tech.
<h1 class="wp-block-heading">A Harris Win: Green Light For Clean Tech Rally?</h1>
Should Vice-President Kamala Harris take the White House, expect a boost across clean tech stocks, especially those linked to electric vehicles (EV) and hydrogen.
Peterson points to EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), ChargePoint Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NASDAQ">CHPT</a>) and lithium players like Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) and Piedmont Lithium Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLL#NASDAQ">PLL</a>) as likely to benefit from sustained clean energy initiatives.
Stocks like Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) could also rally, riding on investor confidence that government spending won't dry up for sectors heavily backed by the Inflation Reduction Act and the Department of Energy's Loan Programs Office.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41713236/donald-trumps-return-to-white-house-could-propel-these-etfs-to-new-highs">Donald Trump&#8217;s Return To White House Could Propel These ETFs To New Highs</a>
<h1 class="wp-block-heading">Trump's Win: Steel's Comeback With A Dose Of Protectionism</h1>
A Trump victory could be a bullish setup for the steel sector, especially for domestic players like Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), and Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), which would benefit from protectionist policies supporting U.S. steel pricing.
Peterson highlights that Trump's stance against the proposed acquisition of U.S. Steel by Nippon Steel Corp (OTCPK: NISTF) could keep the spotlight on domestic operators, while Trade Expansion Act Section 232 tariffs could make U.S. steel prices attractive.
Kaiser Aluminum Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) stands to gain over Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) if more tariffs come into play, thanks to Kaiser&#8217;s U.S. footprint.
<h1 class="wp-block-heading">Rare Earths &amp; Base Metals: Supply Security Takes The Stage</h1>
Regardless of the outcome, Western supply chain security remains a hot-button issue, favorably positioning rare earth and graphite players like MP Materials Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) and GrafTech International Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>).
For base metals, names like Alcoa Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) and Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) may see an impact from intensified China tariffs, with pricing ripple effects dependent on global stimulus responses.
With the election outcome set to shape market dynamics, these sectors have distinct paths forward. For now, it's a wait-and-see game for investors in metals, mining, and clean tech.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41650250/harris-vs-trump-crypto-industry-anticipates-favorable-regulatory-environment-for-bi">Harris Vs Trump: Crypto Industry Anticipates &#8216;Favorable Regulatory Environment&#8217; For Bitcoin And Other Digital Assets After Elections</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Commodities

Politics

Markets

Trading Ideas

CHPT

CSTM

EVGO

KALU

NISTF

PLUG

STLD

Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact

BMO Capital analyst Katja Jancic maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Outperform and lowers the price target from $22 to $18.

News

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Constellium, Lowers Price Target to $18

Deutsche Bank analyst Corinne Blanchard downgrades Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) from Buy to Hold and lowers the price target from $22 to $12.

Downgrades

Deutsche Bank Downgrades Constellium to Hold, Lowers Price Target to $12

U.S. stocks traded lower toward the end of trading, with the S&amp;P 500 falling more than 1% on Wednesday.
The Dow traded down 1.32% to 42,358.19 while the NASDAQ fell 2.06% to 18,190.21. The S&amp;P 500 also fell, dropping, 1.33% to 5,773.33.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41485836/how-to-earn-500-a-month-from-ibm-stock-ahead-of-q3-earnings">How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Real estate shares rose by 0.7% on Wednesday.
In trading on Wednesday, information technology shares fell by 2.1%.
Top Headline
U.S. crude oil inventories increased by 5.474 million barrels in the week ended Oct. 18, compared to market estimates of a 0.7 million gain.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares shot up 165% to $1.3000 after the company reported preliminary 9-moth revenue growth of 120% year over year.</li>
<li>Shares of CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) got a boost, surging 73% to $0.2704. The company requested a panel hearing for November 5, 2024, and will be subject to a halt in the suspension or delisting decision until then.</li>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares were also up, gaining 57% to $2.6399 after the company announced a distribution agreement with Europa Biosite to commercialize the ImmuneSelect research-use portfolio in the United Kingdom and Ireland.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Alto Neuroscience, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANRO#NYSE">ANRO</a>) shares dropped 67% to $4.7398 after the company announced topline results from a Phase 2b trial evaluating ALTO-100 as a treatment for major depressed disorder did not meet its primary endpoint.</li>
<li>Shares of Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) were down 29% to $10.59 after the company reported third-quarter EPS and sales that missed estimates, citing macroeconomic and geopolitical uncertainties, and expressed caution heading into 2025.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) was down, falling 15% to $78.67 after the company reported worse-than-expected third-quarter financial results.</li>
</ul>
Commodities In commodity news, oil traded down 1.7% to $70.54 while gold traded down 1% at $2,732.70.
Silver traded down 3.4% to $33.835 on Wednesday, while copper fell 1% to $4.3350.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.30%, Germany's DAX fell 0.23% and France's CAC 40 fell 0.50%. Spain's IBEX 35 Index rose 0.27%, while London's FTSE 100 fell 0.58%.
Consumer confidence in the Eurozone rose by 0.4 points to a reading of -12.5 in October.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 1.27%, China's Shanghai Composite Index gaining 0.52% and India's BSE Sensex falling 0.17%.
Singapore's annual inflation rate eased to 2.0% in September versus 2.2% in the previous month.
Economics
<ul>
<li>U.S. mortgage applications declined by 6.7% from the previous week during the third week of October, following a 17% dip in the earlier period.</li>
<li>U.S. existing home sales declined 1% from the previous month to an annualized rate of 3.84 million in September.</li>
<li>U.S. crude oil inventories increased by 5.474 million barrels in the week ended Oct. 18, compared to market estimates of a 0.7 million gain.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/10/41483157/top-2-energy-stocks-that-may-implode-this-quarter">&nbsp;</a>
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<li><a href="https://www.benzinga.com/news/24/10/41483157/top-2-energy-stocks-that-may-implode-this-quarter">Top 2 Energy Stocks That May Implode This Quarter</a></li>
</ul>

Earnings

Equities

Eurozone

Intraday Update

ANRO

CNSP

ENPH

LRHC

VRAX

Nasdaq Down 2%; US Crude Stocks Increase

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Wednesday.
The Dow traded down 0.90% to 42,540.14 while the NASDAQ fell 1.38% to 18,317.40. The S&amp;P 500 also fell, dropping, 0.83% to 5,802.43.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41485836/how-to-earn-500-a-month-from-ibm-stock-ahead-of-q3-earnings">How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Real estate shares rose by 0.4% on Wednesday.
In trading on Wednesday, consumer discretionary shares fell by 0.9%.
Top Headline
AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) reported better-than-expected earnings for the third quarter.
The company posted operating revenues of $30.21 billion, down 0.5% year over year. It marginally missed the analyst consensus estimate of $30.44 billion. Adjusted EPS of $0.60 beat the estimate of $0.57. The stock gained after the print.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares shot up 165% to $1.2950 after the company reported preliminary 9-moth revenue growth of 120% year over year.</li>
<li>Shares of CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) got a boost, surging 91% to $0.2996. The company requested a panel hearing for November 5, 2024, and will be subject to a halt in the suspension or delisting decision until then.</li>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares were also up, gaining 60% to $2.6759 after the company announced a distribution agreement with Europa Biosite to commercialize the ImmuneSelect research-use portfolio in the United Kingdom and Ireland.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Alto Neuroscience, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANRO#NYSE">ANRO</a>) shares dropped 66% to $4.9550 after the company announced topline results from a Phase 2b trial evaluating ALTO-100 as a treatment for major depressed disorder did not meet its primary endpoint.</li>
<li>Shares of Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) were down 23% to $11.51 after the company reported third-quarter EPS and sales that missed estimates, citing macroeconomic and geopolitical uncertainties, and expressed caution heading into 2025.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) was down, falling 14% to $79.56 after the company reported worse-than-expected third-quarter financial results.</li>
</ul>
Commodities In commodity news, oil traded down 0.6% to $71.32 while gold traded down 0.8% at $2,737.90.
Silver traded down 3.5% to $33.800 on Wednesday, while copper fell 0.7% to $4.3490.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.17%, Germany's DAX fell 0.08% and France's CAC 40 fell 0.25%. Spain's IBEX 35 Index rose 0.25%, while London's FTSE 100 fell 0.47%.
Consumer confidence in the Eurozone rose by 0.4 points to a reading of -12.5 in October.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 1.27%, China's Shanghai Composite Index gaining 0.52% and India's BSE Sensex falling 0.17%.
Singapore's annual inflation rate eased to 2.0% in September versus 2.2% in the previous month.
Economics
<ul>
<li>U.S. mortgage applications declined by 6.7% from the previous week during the third week of October, following a 17% dip in the earlier period.</li>
<li>U.S. existing home sales declined 1% from the previous month to an annualized rate of 3.84 million in September.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/10/41483157/top-2-energy-stocks-that-may-implode-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41483157/top-2-energy-stocks-that-may-implode-this-quarter">Top 2 Energy Stocks That May Implode This Quarter</a></li>
</ul>

Gold Moves Lower; AT&T Earnings Top Views

WIIM

Constellium shares are trading lower after the company reported Q3 EPS and sales that missed estimates, citing macroeconomic and geopolitical uncertainties, and expressed caution heading into 2025.

Based on current&nbsp;outlook, in 2024 it expects Adjusted EBITDA to be in the range of &euro;580 million to &euro;600 million, excluding an estimated one-time impact of &euro;30 million to &euro;40 million from the flood in Switzerland, and excluding the non-cash impact of metal price lag.&nbsp;
Given the softness it is experiencing today across most of end markets with no signs of recovery in the near-term, it is&nbsp; also more cautious heading into 2025.
&nbsp;

Guidance

Constellium Says It Continues To Face Uncertainties On Macroeconomic And Geopolitical Fronts And Is More Cautious Heading Into 2025 Due To Softness Across Most Of Its End Markets

Constellium Q3 EPS $0.02 Miss $0.38 Estimate, Sales $1.80B Miss $1.94B Estimate

Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Constellium to report an earnings per share (EPS) of $0.50.
The announcement from Constellium is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.06, leading to a 2.79% drop in the share price the following trading session.
Here's a look at Constellium's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.46</td>
<td>0.27</td>
<td>0.320</td>
<td>0.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.52</td>
<td>0.12</td>
<td>0.075</td>
<td>0.47</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>2.0%</td>
<td>1.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729620072_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Constellium were trading at $14.14 as of October 21. Over the last 52-week period, shares are down 1.17%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/CSTM/earnings">To track all earnings releases for Constellium visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring Constellium's Earnings Expectations

As every investor knows &#8212; a stock is cheap, and in decline, for a reason.
Over the last 12 months, the NYSE-listed shares of global aluminum giant Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) are down 12%, while rivals like Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Kaiser Aluminum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) and Century Aluminum Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) are all up. Alcoa is up 55%. CENX is like crypto aluminum, up 155.8% in a year.
Its price-to-earnings ratio is not bad at 12x, and it has a new <a href="https://www.asminternational.org/constelliums-muscle-shoals-facility-receives-department-of-defense-grant-to-increase-casting-capacity/">$65 million investment</a> in a new aluminum plant being built in Alabama, though that is not expected to be operational until the second half of 2026.
What's the problem?
As some in Washington might say – it's Russia's fault.
That's sort of true. Constellium makes aluminum products that it casts from aluminum sheets, some of which it <a href="https://www.reuters.com/markets/europe/constellium-keep-buying-aluminium-rusal-executive-2022-09-15/">imports</a> from Russian-based aluminum company Rusal. Prior to the war in Ukraine, the Europeans loved Russian aluminum – especially Rusal aluminum – because a lot of it is made in factories powered by a hydroelectric dam. This means it is deemed <a href="https://www.alcircle.com/press-release/rusal-achieves-100-green-aluminium-production-111484">low-carbon friendly aluminum</a>. But Rusal aluminum is facing restrictions and that means Constellium is now paying more for primary aluminum than a year ago and is focusing more on European and U.S. production. European producers are in worse shape as they have reduced primary aluminum production by about 30% over the last five years, likely due to environmental regulations.
<h3 class="wp-block-heading">Constellation: A Victim of Geopolitics</h3>
In April, the U.S. Government imposed a <a href="https://www.reuters.com/world/us/us-takes-action-targeting-russian-aluminum-copper-nickel-2024-04-12/">200% tariff on aluminum</a> products if they contained aluminum sourced from Russia, even if the finished product was made elsewhere. Since March 10, 2023, Washington already had increased tariffs on Russian aluminum products up from the Sectio to 200%, up from the roughly 25% in the Section 232 aluminum tariffs imposed globally by then-president Trump in 2018. The supply of Russian aluminum to the United States is currently zero.
U.S. importers have turned to the Middle East for alternatives, <a href="https://tradingeconomics.com/commodity/aluminum">increasing prices</a> by an additional $200 per ton from those sources due to U.S. demand.
Europe is <a href="https://www.euronews.com/business/2024/10/17/europes-tough-choice-sanction-aluminium-or-proceed-with-climate-goals">thinking of doing the same</a>. This weighs heavily on Constellium shares for the near term, at least until the European Commission decides on what to do about Russian aluminum imports.
A March 4 <a href="https://www.reuters.com/markets/commodities/europe-battle-with-us-aluminium-if-eu-opts-russian-ban-2024-03-04/">article</a> by Reuters put it this way: "The loss of Russian metal would leave Europe with a shortfall of around 500,000 tons. Middle Eastern suppliers will not be able to fully substitute Europe&#8217;s shortfall quickly."
A small group of EU countries keep pushing for <a href="https://www.mining.com/web/aluminum-group-steps-up-call-on-eu-to-bar-imports-of-the-russian-metal/">tougher measures</a> against Russia, led by Poland and the Baltic states. They want U.S.-style restrictions on aluminum imports. Some EU economies are blocking this move, most likely Germany and France, which rely on imports at least in part to manufacture cars and aircraft.
Restrictions on aluminum could pose a threat to domestic industries, which are already losing out in competitiveness to Asia, according to Chris Weafer, the Chief Executive of Macro-Advisory , an investment research firm and consultancy focused on emerging markets with offices in Washington DC. The EU relies on imports for over 90% of its aluminum needs, with 8-9% coming from Russia.
"The EU is walking a tightrope between the need to increase the sanctions pressure on Russia while at the same time…keeping its own economy and domestic enterprises afloat," Weafer wrote in an <a href="https://www.euronews.com/business/2024/10/17/europes-tough-choice-sanction-aluminium-or-proceed-with-climate-goals">op-ed</a> published by Euro News on Oct. 17.
If there are new sanctions, Weafer said in a report to clients last month, there will be some further Russian imports this year because of residual contracts. But after that, Russian imports "eventually fall to zero for the foreseeable future," he wrote. If there are no sanctions – which is still possible if big industry in Western Europe get their way – then Weafer thinks Russian imports will fall gradually as more European companies will either choose domestic production or be pressured to import from elsewhere.
<h3 class="wp-block-heading">Earnings Call To Reveal More This Week</h3>
Constellium will have their earnings call on Wednesday, Oct. 23 before the market opens.
Investors are likely to wait and see what Europe does about Russia. Constellium's long-term prospects, meanwhile, seem okay.
The company's stock survived the Section 232 steel and aluminum tariffs imposed by the Trump administration in March 2018. Constellium's share price ended the month at $10.85 per share and hit $12.15 per share in May 2018 despite the higher prices associated at the time with the tariff. Constellium today trades closer to $15.
Alcoa stocks rose last week after an earnings beat. JP Morgan <a href="https://www.msn.com/en-us/money/news/alcoa-analysts-increase-their-forecasts-after-upbeat-earnings/ar-AA1ss6dg">raised</a> its price target from $36 to $39.&nbsp; That call is too late for investors now. Alcoa has already surpassed that target and was trading over $41 on Friday.
Constellium could see similar fortunes.
Aluminum is one of the metals required for the energy grid and for new EVs and solar. Global demand is set to reach 85 million tons in 2030, up from 66 million tons in 2020. Given tariffs as they are now, it is clear the U.S. sees aluminum as a critical sector worth protecting, so Constellium's Alabama project should find plenty of demand locally. Longer-term buyers may be rewarded. For now, out of the four big aluminum companies – AA, KALU and CENX – CSTM is the worst performer. Still, it has a better profit margin than Alcoa at 2.35% versus negative 5.14% for Alcoa and Alcoa just got an upgrade.

CENX

Constellium Shares Are Falling Behind Competitors As Europe Copes With Aluminum Supply Restraints

JP Morgan analyst Bill Peterson maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Overweight and lowers the price target from $25 to $24.

JP Morgan Maintains Overweight on Constellium, Lowers Price Target to $24

BMO Capital analyst Katja Jancic maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Outperform and lowers the price target from $24 to $22.

BMO Capital Maintains Outperform on Constellium, Lowers Price Target to $22

Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) is exhibiting at ALUMINIUM 2024 (Hall 3, Booth 3A49), the world's premier trade fair for the aluminium industry, taking place October 8-10 in Düsseldorf.
This year, Constellium proudly presents its comprehensive range of advanced aluminium solutions with the theme "Together We Care, Together We Grow," celebrating the collective effort of its employees, customers, and partners in driving innovation and sustainability across the industry.
Constellium's booth will feature cutting-edge solutions for the automotive, aerospace, packaging, and construction industries, highlighting contributions to lightweight design, energy efficiency, and sustainable development. Several of the products on display reinforce Constellium's commitment to recycling and increasing recycled content in its products.
Products and solutions on display include:
<ul>
<li>Crash Management Systems, manufactured from over 90% post-consumer scrap, developed as part of the Constellium-led <a href="https://www.constellium.com/news/constellium-to-lead-gbp10m-circonal-project-to-develop-lower-carbon-lower-cost-recycled-aluminium-alloys-with-automakers-and-suppliers">CirConAl</a> project</li>
<li>A uni-alloy 6xxx automotive door developed as part of the <a href="https://www.constellium.com/news/constellium-and-groupe-renault-partner-on-r-and-d-project-for-sustainable-automotive-aluminium-solutions">ISA3</a> project</li>
<li>Luxury cosmetics packaging by Tesem, our partner in the "<a href="https://www.constellium.com/news/announces-partnership-with-tesem-to-closing-the-loop-aluminium-recycling">Close the Loop</a>" initiative to enable recycling of high-purity aluminium</li>
<li>Advanced sorting and recycling solutions for automotive aluminium, including LIBS sorting technology</li>
<li>Constellium's expanding portfolio of high-performance aluminium powders for&nbsp;<a href="https://www.constellium.com/our-markets/additive-manufacturing">Additive Manufacturing</a> &nbsp;</li>
</ul>
These collaborations with our partners and customers are driving progress across all sectors to build a lighter, safer, and more sustainable future. Such efforts are key to advancing innovative solutions that reduce environmental impact and promote sustainability in our industries.
Presentation at the ALUMINIUM 2024 Speakers' Corner As part of the Speakers' Corner, Constellium will present at the Innovation Plaza for Sustainability and Recycling (Hall 6, Booth D4). François Fabre, Automotive Technical Customer Support Engineer, will lead a keynote presentation with Oliver Scholz, General Manager of OSR GmbH &amp; Co. KG, on "Automotive Mixed Scrap Sorting by LIBS Technology" on Tuesday, October 8 at 2:30 p.m. The discussion will provide insights into the latest advancements in LIBS mixed scrap sorting and its transformative impact on the automotive industry.

Constellium Highlights Recycling Innovations for Automotive, Aerospace at ALUMINIUM 2024

Deutsche Bank analyst Corinne Blanchard maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Buy and lowers the price target from $23 to $22.

Deutsche Bank Maintains Buy on Constellium, Lowers Price Target to $22

Analyst Color

BALL

BofA Sees Aluminum Prices Trading At $3,000/t ($1.36/Pound) Next Year; Expects Aluminum Supply To Rise By Only 1.3% YoY In 2025, Versus 3.7% On Average In The Past Decade

BMO Capital analyst Katja Jancic maintains Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) with a Outperform and lowers the price target from $25 to $24.

BMO Capital Maintains Outperform on Constellium, Lowers Price Target to $24

Offerings

Constellium Announced The Commencement Of A Proposed Private Offering Of About €300M Of Euro Denominated Senior Unsecured Notes Due 2032 And $350M Of U.S. Dollar Denominated Senior Unsecured Notes Due 2032

Constellium shares are trading lower after the company reported Q2 financial results. The company announced that it paused its FY24 adjusted EBITDA guidance due to flooding at its facilities.

Given The Uncertainty Around The Impact of The Severe Flooding At Its Facilities In Switzerland, Including The Extent Of The Damage And The Timing To Restart Production, Constellium Is Pausing Its FY24 Guidance For Adj. EBITDA

Constellium Expects 2024 Free Cash Flow In Excess Of €100M

Constellium (CSTM) is down -25.1%, or -$3.75 to $11.19. Published first on TheFly – the ultimate source for real-time, market-moving breaking finan...

Constellium falls -25.1%

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: McDonald's (MCD) shares are continuing...

McDonald's down after outbreak, Starbucks slides after warning: Morning Buzz

Constellium SE (CSTM) Q3 2024 Earnings Call Transcript

Constellium (CSTM) has released an update. Constellium's third-quarter results for 2024 show a decline in shipments and revenue, both down by 5% co...

Constellium Reports Decline Amid Market Challenges

Deutsche Bank analyst Corinne Blanchard downgraded Constellium (CSTM) to Hold from Buy with a price target of $12, down from $22. The company repor...

Constellium downgraded to Hold from Buy at Deutsche Bank

Constellium (CSTM – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Corinne Blancha...

Constellium: Hold Rating Amidst Weakened Demand and Long-Term Buying Opportunity

J.P. Morgan analyst Bill Peterson maintained a Buy rating on Constellium (CSTM – Research Report) yesterday and set a price target of $20.00. The c...

Constellium (CSTM) Gets a Buy from J.P. Morgan

Constellium (CSTM) announced a major advancement in aluminium recycling for the automotive industry, by implementing Laser-Induced Breakdown Spectr...

Constellium sorts automotive aluminum scrap with LIBS technology

BlackRock High Yield V.I. Fund Q3 2024 Commentary

Commodity Roundup: Oil steady, aluminum price forecast raised to $2,450/tonne at BMI

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Press Releases

General

Constellium-led ALIVE collaborative research project achieves 12 to 35 percent weight savings for EV battery enclosures with optimized designs and manufacturing processes

Constellium Achieves Aluminium Stewardship Initiative Certification for All Operations Worldwide

Constellium Celebrates the Grand Opening of its New Recycling Center in Neuf-Brisach, France

Constellium Announces Partnership with Tesem to "Closing the Loop" on Aluminium Recycling

Constellium Receives Supplier of the Year Award from Stellantis for Strong Commitment to Corporate Social Responsibility

Constellium Partners with ISN® for Contractor Management in North America

Constellium Showcases its Leading Aluminium Solutions at ALUMINIUM 2024 in Düsseldorf

Constellium to Report Third Quarter 2024 Results on October 23, 2024

Constellium Reports Third Quarter 2024 Results

Constellium Successfully Sorts Automotive Aluminium Scrap with LIBS Technology at Industrial Scale

BMO Capital

Deutsche Bank

JP Morgan

Benchmark

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