Methanex Shares Soar 4.57% in Three Days on Strong Q1 Earnings

Methanex (MEOH) shares rose 0.13% today, marking the third consecutive day of gains, with a total increase of 4.57% over the past three days. The share price reached its highest level since March 2025, with an intraday gain of 0.94%.

The strategy of buying MEOH shares after they reach a recent high and holding for one week yielded a 2.26% return, underperforming the benchmark by 54.68%. With a maximum drawdown of -37.45% and a Sharpe ratio of 0.03, the strategy faced significant volatility and risk, highlighting the challenges of such a short-term holding approach.

Methanex reported higher produced sales and adjusted EBITDA for the first quarter of 2025. This financial performance improvement is a significant factor driving the recent stock price increase. The company's strong earnings report has bolstered investor confidence, leading to a positive market response.

The global methanol market is projected to grow significantly, reaching $54.6 billion by 2030. This growth is driven by increasing demand for hydrogen fuel cells, advancements in the medical sector, and expansion in the automotive industry. As a major player in the methanol market, Methanex stands to benefit from this projected growth, further influencing investor sentiment and stock prices.

Methanex's stock price has increased by 10.5% over the past month, reflecting positive market sentiment and reactions to the company's performance and industry developments. This upward trend indicates that investors are optimistic about the company's future prospects and its ability to capitalize on the growing methanol market.