Why Sanmina Stock Just Got Sacked
Sanmina (NASDAQ: SANM) investors awoke to disappointment Tuesday, and the industrial stock is down 7.3% through noon ET despite what appears positive news.
Deep in the heart of Texas, Sanmina Corporation plans "a major expansion of its Energy business with a new state-of-the-art factory in Houston." Opening in 2027, the new factory will target the U.S. energy market and be "capable of building a broad range of high-quality energy products, including: medium-voltage distribution transformers, instrument transformers and switchgear."
Sanmina also noted that it has signed an agreement with Croatia's Koncar Electrical Industry, to co-design a custom medium-voltage transformer that Sanmina can sell in the U.S.
Source Fool.com
Sanmina Corporation Aktie
133,50 €
-1,44 %
Die Community bevorzugt leicht Sanmina Corporation, mit etwas mehr Buy- (5) als Sell-Einschätzungen (0).
Ein Kursziel von 166 € für Sanmina Corporation würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 133.5 € bedeuten.
