FreightCar America (RAIL) Jumps on Large New Orders
Shares of FreightCar America, Inc. (NASDAQ: RAIL) are getting a boost Monday despite what would be considered dismal Q2 earnings results. Analysts, however, are pointing to a big pick up in new orders after the quarter ended.
The company said it received orders for over 5,500 coal and non-coal railcars received after the quarter end, which include orders for about 4,000 rebuilt coal cars to serve the Eastern coal market.
Shares of FreightCar are up 11% early to $19.95.
The company said it received orders for over 5,500 coal and non-coal railcars received after the quarter end, which include orders for about 4,000 rebuilt coal cars to serve the Eastern coal market.
Shares of FreightCar are up 11% early to $19.95.