Tenaris Can Move Sideways
In the short term, Tenaris SA (TS) will continue to see sales decline following the pandemic-led activity drop and lower pricing in North America. In international markets, the company won a few awards and extended the contract agreements that can offset the revenue loss. I think the stock price can decline in the short term. Over the more extended period, a potential diversification into the renewable energy market can provide the necessary thrust to its growth.
Since Q1, the company has been implementing various cost-cutting measures, the effect