Alstom shares plunge 30% on German train contract losses

Alstom's stock fell over 30% in two days after a multimillion-dollar German train contract revealed significant losses, triggering analyst downgrades of up to 50% in valuations. The contract, previously seen as a win, has become a financial burden, raising questions about project execution and cost overruns. This marks a sharp reversal in market sentiment toward the company.

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