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Ferroglobe PLC (NASDAQ:GSM) has struggled with soft demand for all of 2024, but it got some good news lately, which could improve demand in 2025. Yet, there is no denying the stock has been negatively impacted by the
Ferroglobe: Betting On A Likely Rebound
Summary
- Demand is soft, which is likely to result in another decrease in earnings in Q4, but there is reason to believe 2025 will be better.
- The Department of Commerce has imposed duties on the import of ferrosilicon from selected countries, which GSM can take advantage of.
- Valuations have dropped as quarterly results have gotten worse, which could reverse if results improve in 2025.
- There is a wildcard to keep an eye on, but long GSM has several arguments in its favor with the stock price where it is.
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