🔴 SES is trading 4.17% down today as management signals delayed capital returns until 2030

SES is trading at €5.51 (-4.17%) after management signaled that meaningful capital returns may not arrive until 2030.

• The move appears company-specific, tied to investor expectations around FCC incentive payments and slower-than-expected cash returns.
• The stock has been under persistent pressure in recent sessions, reinforcing negative sentiment around the name.