Microvast Holdings announces departure of chief financial officer
Clearwater Paper Corporation (NYSE:CLW) shares have tumbled to $23.77, near its 52-week low of $23.92, marking a stark contrast to its 52-week high of $57.13. The company, known for its consumer tissue, paperboard, and pulp products, has faced a challenging market environment, reflected in the significant drop in its stock price. InvestingPro analysis indicates the stock is slightly undervalued at current levels, with additional insights available through their comprehensive Pro Research Report. Over the past year, Clearwater Paper’s stock has experienced a steep decline, with a 1-year total return of -39.88%. While the company hasn’t been profitable in the last twelve months, InvestingPro data shows analysts expect positive earnings of $1.24 per share in FY2025, suggesting potential recovery ahead. This downturn has brought the stock to its lowest price level in the last year, marking a concerning milestone for investors and the company alike.
In other recent news, Clearwater Paper Corporation has been in the spotlight due to reports of a potential takeover bid by Suzano SA. According to Bloomberg, Suzano is working with an advisor to explore a possible acquisition of Clearwater Paper, although no official comments have been made by either company. The discussions align with Suzano’s strategy to expand its North American packaging assets, following its recent acquisition of two paperboard mills in the United States for $110 million. RBC Capital Markets has maintained an Outperform rating on Clearwater Paper, with a price target of $37.00, amidst these acquisition rumors.
The potential acquisition talks have sparked significant interest among investors, as reflected by a notable increase in Clearwater’s stock following the news. Suzano, a major player in the global pulp and paper industry, has been actively seeking new acquisitions in the U.S., as confirmed by its Chief Financial Officer. Despite the speculation, the acquisition discussions remain confidential, and there is no certainty that a deal will be finalized. Investors are keenly watching for any official announcements or updates from the involved parties. The situation is dynamic, and further developments could significantly impact Clearwater Paper’s future.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.