Baader Helvea cuts Wacker Chemie to 'add' on solar recovery uncertainty

Celanese

19/02/2025 10:15

** Baader Helvea downgrades Wacker Chemie  WCHG.DE  to "add"
from "buy", citing uncertainty in the solar business arising
from changes in the political and market environment
    ** The brokerage says U.S. solar tariff investigation is
going to take longer than expected after President Donald Trump
imposed new tariffs
    ** Also it sees decline in pricing power as competitor
Celanese  CE.N  increases polymer supply and Asian upstream
capacity rises
    ** It expects a 9.2% fall in FY sales in 2025 and lowers
adjusted EBIT projections to 558.9 million euros
    ** The brokerage, however, sees long-term upside from
Ukraine peace talks, Germany's conservative Christian Democratic
Union's (CDU) electricty cost reduction plans and upcoming EU
"Clean Industrial Deal"
    ** Out of 17 analysts that cover Wacker Chemie, 12 rate the
stock "strong buy" or "buy" and ​five "hold"
  

 (Reporting by Simon Ferdinand Eibach)
 ((simonferdinand.eibach@thomsonreuters.com))