ENXTPA:MRNElectrical
Why Mersen (ENXTPA:MRN) Is Down 14.5% After Cutting Outlook Due to Ongoing Solar Weakness
Mersen recently reported Q3 results that missed market expectations, citing ongoing weakness in its solar power segment and reducing its full-year organic sales growth, profit margin, and capital expenditure guidance due to a lack of recovery in this area.
An important takeaway is that management expressed limited visibility on a turnaround in the solar segment, prompting analysts to anticipate downward revisions to consensus estimates for the company.
We'll explore how weak activity and...