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      CECO Environmental (CECE) Stock On An Epic Rise - Stocks Telegraph

      By Wasim Omar

      Published on

      September 16, 2022

      4:51 PM UTC

      CECO Environmental (CECE) Stock On An Epic Rise - Stocks Telegraph

      CECO Environmental Corp. (NASDAQ: CECE) is a company that supplies industries with fluid handling and air quality management systems, at a global level. The rise CECE stock has seen in the last few months is spectacular, especially considering the bearish conditions surrounding the market.

      New Management Proves to be a Blessing for CECO Environmental.

      The climb seen in the price of CECE stock is extraordinarily remarkable. In the last six months, when the S&P 500 dipped by 10%. CECE saw a climb of almost 70%. This turnaround comes after the company transformed and restructured its entire business model with the coming of a fresh management team, which is well aligned to shareholders’ interests, given the 16% insider ownership.

      The shift comes in CECO restructuring to become a short-cycle project business, as opposed to a long-cycle one, which has resulted in substantially higher profit margins. This can be reflected in its basic EPS jump in June 2022 to $0.13, compared to the prior year’s figure of a mere $0.01.

      Looking Ahead at CECE

      It is evident that CECE stock has been enjoying a tremendous climb as a result of its business turnaround. This is also sees support from secular tailwinds, and a much more predictable income stream.

      Analysts have pointed out that CECE stock could potentially continue double-digit growth throughout the upcoming years. This is primarily due to the superior environmental and pollution-related solutions that CECO offers to the various industries it serves. As a result, the stock is an extremely sustainable one, to bet on.


      The turnaround tale of CECE stock is unlike any other, given how its new management has turned the company into a rapid growth rocket. This has clearly yielded a fundamental success, as well as a tremendous price escalation.

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