GTT Stock Surges Past €210 on New LNG Carrier Orders
GTT's stock price surged past €210 on August 28, 2026, as new LNG carrier orders bolstered its outlook for 2026. The company's shares closed at €211.80 on Euronext Paris, a 1.83% increase from the previous day.
The recent contract wins include an order from Jiangnan shipyard for four new LNG carriers, and a separate agreement with HD KSOE for two LNG carriers. These orders add to GTT's existing backlog in membrane containment systems for liquefied natural gas transportation, providing revenue visibility for the company.
GTT reported Q1 2026 revenue of €193 million, a 1% increase year-over-year, and confirmed its full-year 2026 revenue guidance at €740 million to €780 million. The company's EBITDA guidance for 2026 is between €490 million to €530 million.
The strong order book and contract wins have contributed to GTT's valuation, with the stock delivering a year-to-date performance of over 35%. Institutional and retail investors are actively participating in the market, with a trading value of €21.34 million on August 28, 2026.