Wartsila stock completes Valo deal as Q3 report nears

Published on 10/04/2026 at 19:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wartsila stock traded at EUR 29.35 on October 2, 2026, up 4.26 percent on Nasdaq Helsinki. Q2 order intake rose 33 percent to EUR 2,849 million.

Bauhaus-Poster mit geometrischen Formen und dem Wort ENERGY — Bauhaus-Poster mit geometrischen Formen und Sektor-Text symbolisiert Wärtsilä Oyj Abp, Aktie ISIN FI0009003727, Marine-Energie-Industrie Finnlands, Illustration mit AI erstellt.

Wartsila stock was last at EUR 29.35 on Nasdaq Helsinki on October 2, 2026, up 4.26 percent from the previous session. The move followed Wärtsilä's completion of its Valo energy storage joint venture with RCT Solutions on October 1, 2026, according to Wärtsilä.

Valo changes the storage setup

Wärtsilä and RCT Solutions each own 50 percent of Valo, which combines the Finnish group's energy storage capabilities with RCT's engineering expertise. The transaction represents less than 5 percent of Wärtsilä's total net assets, while the business generated EUR 694 million in net sales during fiscal year 2025, according to Wärtsilä.

The new joint venture is expected to post an operating loss in 2026 and reach positive results toward the end of 2027. That creates a near-term earnings drag even as the transaction gives the storage business a separate platform for growth.

Q2 orders widened the backlog

Wärtsilä's April to June 2026 order intake increased 33 percent year over year to EUR 2,849 million, while net sales remained at EUR 1,559 million. Comparable operating result rose 7 percent to EUR 218 million, lifting the comparable operating margin to 14.0 percent, according to the company's investor information dated July 21, 2026.

Operating cash flow reached EUR 497 million in Q2 2026, up from EUR 416 million in the comparable period. The 1.83 book-to-bill ratio also exceeded the prior-year 1.34, showing that incoming orders surpassed quarterly sales.

Analysts see limited upside

Marketscreener lists a Hold consensus from 17 analysts, with an average price target of EUR 32.94 and a last close of EUR 28.46 in its September 17, 2026 company data. The average target is EUR 3.59 above the October 2 market price, equivalent to 12.2 percent upside from EUR 29.35.

The next company checkpoints are the Q3 2026 interim report on October 27, 2026, and Capital Markets Day on November 3, 2026, both listed on the Wärtsilä investor page. For investors, the central question is whether the order momentum can offset the Valo start-up losses.

Stock remains below its yearly high

Wartsila was last at EUR 29.35 on Nasdaq Helsinki at 6:29 p.m. EEST on October 2, 2026. Its 52-week range was EUR 24.36 to EUR 40.75, while market capitalization stood at EUR 17.3 billion and volume reached 704,700 shares.