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home / news releases / TGLS - Tecnoglass: Robust Backlog And Strong Fundamentals Set To Drive Future Growth

TGLS - Tecnoglass: Robust Backlog And Strong Fundamentals Set To Drive Future Growth

Tecnoglass Inc.

2024-07-05 10:18:48 ET

Summary

  • Tecnoglass faces topline weakness due to softening demand in the single-family market, but strong orders and backlog growth in multifamily and commercial markets.
  • Expected volume growth and focus on cost reduction should support margins in the coming quarters.
  • Stock is attractively valued to its peers, making it a decent buy at the current levels.

The Thesis

For further details see:

Tecnoglass: Robust Backlog And Strong Fundamentals Set To Drive Future Growth
Stock Information
Company Name: Tecnoglass Inc.
Stock Symbol: TGLS
Market: NASDAQ
Website: tecnoglass.com
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