Polat Energy said on Wednesday it had signed Turkey's largest battery energy storage system supply agreement with Rolls-Royce, with a capacity of 132 MWh, to increase the storage capacity at the Goktepe wind power plant.
Chris Brownridge, CEO of Rolls-Royce Motor Cars, discusses the outlook for the British luxury carmaker and says it is seeing growing demand for bespoke models.
Rolls-Royce Motor Cars CEO Chris Brownridge joins Wealth! host Brad Smith and Senior Autos Reporter Pras Subramanian to discuss the luxury car market outlook for 2025.
British luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is investing over £300 million ($369.9 million) to expand its global headquarters, citing growing demand for highly personalized models from its ultra-wealthy clientele. The BMW-owned company said its investment of more than £300 million at its Goodwood manufacturing facility in southern England would help to create space for bespoke and Coachbuild projects.
Panmure Gordon has upgraded its valuation for shares in Rolls-Royce Holdings PLC (LSE:RR.), citing significant improvements in cash flow and profitability.
BMW-owned Rolls-Royce Motor is to expand its Goodwood factory and global headquarters due to a surge in demand for bespoke trimmings by its super-rich customers. Rolls, which opened the Sussex site in 2003, said the £300 million upgrade would allow it to build more custom models.
British luxury automaker Rolls-Royce said on Wednesday it will invest 300 million pounds ($376 million) to expand its Goodwood plant to focus more on bespoke cars for high-end clients, featuring anything from gold sculptures to mother-of-pearl artwork.
Rolls-Royce Holdings PLC (LSE:RR.) shares fell 4% to drag down the FTSE 100 after they were downgraded by Citigroup.
Rolls-Royce is successfully executing its turnaround, reinstating dividends, reducing debt, and showing strong growth, especially in the service segment. Service contracts provide steady revenue, with potential for higher margins as maintenance contract prices increase and cost efficiencies improve. The company is expected to generate over GBP2bn in free cash flow from 2024, supporting dividends, share buybacks, or M&A.
Deutsche Bank has increased its outlook on Rolls-Royce Holdings PLC (LSE:RR.)'s share price to reflect free cash flow and earnings estimates, as well as updated sector assumptions.
Rolls-Royce Holdings plc has shown significant EBITDA and free cash flow growth, with projections indicating continued strong performance through 2026 despite aerospace supply chain challenges. The company faces risks like supply chain issues and high R&D costs, but has opportunities in defense spending and energy transition with SMRs. Rolls-Royce's turnaround and growth prospects, including the UltraFan engine and SMRs, support a positive outlook and a potential 30-50% stock price upside by FY25-26.
A "new era" of share buybacks is potentially in store for Rolls-Royce Holdings PLC (LSE:RR.) and other members of the European aerospace and defence sector, JPMorgan suggested.