Wartsila signs five-year gas carrier deal as Goldman lifts target for Wartsila stock

Published on 10/13/2026 at 01:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman lifted its target to EUR 35.00 on October 6, 2026. Wartsila stock last stood at EUR 29.76 versus the EUR 29.96 Xetra close.

Key points in brief

Wartsila signed a five-year service agreement for two newbuild LNG carriers on October 7, 2026.
Goldman Sachs upgraded Wartsila to Buy and raised its target from EUR 34.00 to EUR 35.00.
The last Lang & Schwarz quote was EUR 29.76 on October 12, 2026, while the 52-week range was EUR 24.84 to EUR 40.75.
Wartsila reported EUR 1,559.0 million in net sales and a 14.0 percent comparable operating margin for April-June 2026.

Editorial-Aufnahme eines Börsenhandelsraums mit Kursdiagrammen auf Bildschirmen — Börsen-Editorial zeigt Trading-Floor Nasdaq Helsinki mit Kursdiagrammen für Wärtsilä Oyj Abp, Aktie ISIN FI0009003727, Industriewert, Illustration mit AI erstellt.

Wartsila (FI0009003727) signed a five-year service agreement for two newbuild gas carriers on October 7, 2026, while Goldman Sachs lifted its target for Wartsila stock from EUR 34.00 to EUR 35.00. The last Lang & Schwarz quote stood at EUR 29.76 on October 12, 2026 at 11:00 p.m. CEST.

Three dated operating signals

On July 21, 2026, Wartsila reported April-June 2026 net sales of EUR 1,559.0 million and a comparable operating result of EUR 218.0 million, up 7.00 percent from EUR 203.0 million. On October 5, 2026, the company announced a 282 MW onsite power solution for a US data center, using 15 gas engines and booked in the third quarter of 2026, according to Wärtsilä. On October 7, 2026, it said the service agreement with TMS Cardiff Gas covers two LNG carriers and was booked in the third quarter, according to Wärtsilä.

What does the deal add to visibility?

The service contract adds recurring lifecycle work to a business that combines marine equipment with maintenance and digital support. Wartsila's April-June 2026 comparable operating margin reached 14.00 percent, versus 12.70 percent in the same period a year earlier, while operating cash flow rose to EUR 497.0 million from EUR 416.0 million, per Wärtsilä. The figures give the gas carrier agreement a financial backdrop beyond the contract duration itself.

Goldman Sachs analyst Daniela Costa upgraded Wartsila to Buy from Neutral on October 6, 2026 and raised the 12-month price target from EUR 34.00 to EUR 35.00, according to Markets Insider. The analyst cited backlog visibility and argued that concerns about energy oversupply were overstated, while also flagging uncertainty around data center demand and post-2028 engine supply.

Two dates set the next checkpoints

Wartsila's next interim report is scheduled for October 27, 2026, followed by its Capital Markets Day on November 3, 2026, according to Wärtsilä. Those dates put the third-quarter report and management's strategy update close together.

Stock remains below its yearly high

Wartsila's last Lang & Schwarz quote was EUR 29.76 on October 12, 2026 at 11:00 p.m. CEST. The primary Nasdaq Helsinki quote had a 52-week range of EUR 24.84 to EUR 40.75, and the market capitalization was EUR 17.7 billion as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Wartsila stock.