ETL
🚀 Eutelsat shares surged following the EU’s commitment to increase defense spending.
🇪🇺 The EU’s increased defense spending is seen as a response to reduced US aid to Ukraine.
🛰️ Eutelsat is positioned as a competitor to Starlink in satellite services.
@bernardodegarcia:
“Eutelsat Communications shares doubled this week, the biggest two-day gain in the French satellite provider’s history, after European Union politicians pledged to increase defense spending and the United States halted aid to Ukraine. Eutelsat shares jumped 123% today to just over 4.5, and rose now to 62 at 1:30 in the afternoon in Spain. The gains followed a 68% increase from yesterday.”
Watch the exact part of the video where Bernardo Garcia talks about Eutelsat here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on Eutelsat (ETL) at the following link. ETL stock.
