|Over a week ago|
Citi upgrades GrafTech to Buy, doubles price target to $15 » 11:0002/0802/08/21
Citi analyst Alexander…
Citi analyst Alexander Hacking upgraded GrafTech to Buy from Neutral with a price target of $15, up from $7.50, citing his view that the market has seen the worst of graphite electrode prices and volumes for the current cycle. The analyst, who expects GrafTech to trade higher on spot price momentum, argues that the company would be free cash flow positive "in almost any market environment given its vertical integration."
GrafTech upgraded to Buy from Neutral at Citi » 10:5302/0802/08/21
Citi upgraded GrafTech to…
Citi upgraded GrafTech to Buy from Neutral.
GrafTech reports Q4 EPS $1.62, consensus 40c » 06:4702/0502/05/21
Reports Q4 revenue…
Reports Q4 revenue $338.01M, consensus $300.16M. CEO David Rintoul said, "We made good progress managing our business through the pandemic as we adjusted our production to changes in demand, while being highly responsive to our customers' needs and maintaining excellent service levels. During Q4, we achieved sequential quarterly improvement in key metrics such as production, sales volumes, net sales, earnings per share, adjusted EBITDA, and cash from operating activities. As we look forward, the environmental and economic advantages of electric arc furnace steel production position both that industry and the graphite electrode industry for long-term growth. We believe GrafTech's leadership position, strong cash flows, and advantaged low-cost structure and vertical integration are sustainable competitive advantages. The services and solutions we provide will position our customers and our company for a better future. As we move through 2021, we believe that the improvement in steel industry metrics will subsequently result in improved demand for graphite electrodes".
|Over a month ago|
GrafTech falls -8.7% » 10:0001/1501/15/21
GrafTech is down -8.7%,…
GrafTech is down -8.7%, or -$1.01 to $10.60.
GrafTech 20M share Spot Secondary priced at $10.90 » 09:5101/1501/15/21
The deal range was…
The deal range was $10.90-$11.10. Morgan Stanley acted as sole book running manager for the offering.
GrafTech falls -9.5% » 09:4701/1501/15/21
GrafTech is down -9.5%,…
GrafTech is down -9.5%, or -$1.10 to $10.51.
Fly Intel: After-Hours Movers » 18:3501/1401/14/21
PRCH, ACCD, TUFN, OII, KDMN, LCI, PRGS, EAF, YETI
Check out this evening's…
GrafTech sees FY20 EPS $1.58-$1.62, consensus $1.56 » 16:5801/1401/14/21
Sees FY20 revenue…
Sees FY20 revenue $1.21B-$1.23B, consensus $1.18B. Sees FY20 adjusted EBITDA $652M-$662M. The company said, "During the fourth quarter of 2020, our average realized price from LTA business was approximately $9,600 per MT, and the average price for non-LTA business was approximately $4,900 per MT. The current market for graphite electrodes continues to be competitive, as our industry lags behind the improving fundamentals in the steel industry. If the strength in the steel industry continues, we would expect market improvement for our products later in 2021."
GrafTech announces offering of 20M shares of common stock for holders » 16:4501/1401/14/21
GrafTech announced that…
GrafTech announced that an affiliate of Brookfield Asset Management and Brookfield Business Partners LP, members of the Brookfield consortium that has a majority ownership interest in GrafTech, intends, subject to market conditions, to offer 20M shares of GrafTech common stock in an underwritten secondary offering. Morgan Stanley & Co. is acting as the sole underwriter for the offering.
Fly Insider: Net 1 UEPS, GrafTech among weeks notable insider trades » 16:5312/2112/21/20
ABNB, UEPS, PDLI, GDYN, USIO, MDVL, WMT, EAF, FISV, SPCE
Welcome to "Fly Insider,"…