Irving, Texas-based Celanese Corporation (CE) is a global hybrid chemical company. The company produces and sells high-performance engineered polymers and other chemicals and specialty materials. With a market cap of $8.2 billion, Celanese operates through Engineered Materials and Acetyl Chain segments.
Celanese had substantially lagged behind the broader market over the past year. CE stock prices have plummeted 51.9% on a YTD basis and 43.3% over the past year, significantly underperforming the S&P 500 Index’s ($SPX) surge of 25.2% in 2024 and 31% over the past year.
