Bombardier Stock Rockets To Over 11-Year High As Analysts Cheer $1.7B Jet Order: ‘Firing On All Cylinders’

Bombardier’s U.S. shares (BDRBF) reached their highest level since January 2014 on Wednesday as Wall Street analysts lauded the Canadian business jet maker securing orders for 50 aircraft valued at $1.7 billion.

On Monday, Bombardier said an undisclosed customer will purchase its Challenger and Global series of aircraft, holding options to acquire 70 more, bringing the total deal value to $4 billion if all the planes are purchased. The deliveries of the business jets, used by both government and private entities, are scheduled to begin in 2027.

In May, the company said it expects to deliver more than 150 aircraft in 2025. It is ramping up operations globally, with service centers and other facilities set to open in the United Arab Emirates, the UK, and Australia.

Its Toronto-listed shares also jumped on Wednesday. Canadian markets were closed on July 1 for the Canada Day holiday.

Retail sentiment on Stocktwits about Bombardier was in the ‘bullish’ while retail chatter was ‘extremely high.’

“I can see it reaching 120s to even 130s if it keeps this up,” one user said.

https://stocktwits.com/ScreamingEagles/message/619727892  

According to TheFly, Scotiabank upgraded Toronto-listed shares of Bombardier to ‘Outperform’ from ‘Sector Perform’ and noted that demand is seemingly rebounding with the tariff noise dissipating. The brokerage also reportedly said that Bombardier is "firing on all cylinders after a lacklustre Q1 order intake."

According to a Bloomberg report, TD Cowen analyst Tim James noted airplane orders of similar scale is not common and it could aide in building investor confidence once more and lead to a stock re-rating.

Bombardier’s U.S. shares have gained 58.5% this year.

Also See: Robinhood Stock Dips After OpenAI Denies Links To Tokenized Offering: 'We... Do Not Endorse It'

For updates and corrections, email newsroom[at]stocktwits[dot]com.