Why Hexcel Stock Fell in 2024

A bad year for Boeing translated into a miserable year for owners of some of the aerospace giant's largest suppliers.In a year when the S&P 500 was up 23%, Hexcel (NYSE: HXL) shares traded down 15%, according to data provided by S&P Global Market Intelligence, as the aerospace supplier dealt with choppy demand for the composite materials that have become a foundational part of new aircraft manufacture.Hexcel specializes in the production of carbon fiber materials that offer the durability of metals at a fraction of the weight, making them ideal for making airplanes and other large equipment more fuel efficient. Though the company sells to a variety of industrial and defense customers, commercial aerospace makes up nearly two-thirds of revenue.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool