OM:EOLU BConstruction
Eolus Aktiebolag (OM:EOLU B) Stock Rally Meets Deepening Profit Squeeze
Traders pushed Eolus Aktiebolag to SEK46.60 by Friday’s close after a strong 30-day run, even as the latest quarter landed with a thud on the income statement. The headline is the profit squeeze. Q2 revenue came in at just SEK14 million while the company reported a net loss of SEK60 million, which translated into a very large loss per share for the quarter.
So the short term story is a stock that has climbed in recent weeks. The longer term question is how investors weigh that optimism...