Why did Exel Composites stock rise on 9 October?
Written after the close on
Exel Composites +6.07%
Exel Composites jumped on a growth upgrade. Exel Composites, listed on Nasdaq Helsinki, rose very sharply in the latest session and climbed clearly over the last five trading days, moving against a slightly weaker OMX Helsinki 25. The likely driver is a fresh broad research update on the company that described its growth phase as having started briskly, which landed right around the latest session and appears to have lifted the shares. Earlier in the period, news that Exel had built a new production environment at its Joensuu plant for pull-wound composite tubes — a winding method that lays carbon fibre into strong, light tubes — for FLYING WHALES' LCA60T airship programme, now moving into process validation, likely supported sentiment too. Watch whether that airship work converts into firm orders and how the growth phase flagged in the research update shows up in the next report.