Why Nokia Stock Popped on Wednesday

Group 1 - Nokia's stock rose by 4% after being selected to build a next-generation wholesale open-access fiber network in Superior, Wisconsin [1][3] - The project, named ConnectSuperior, aims to provide broadband access to 26,000 underserved residents, with Nokia supplying its fiber and IP solutions [3][4] - The financial details regarding the project's cost, potential revenue for Nokia, and profitability remain undisclosed [4][5] Group 2 - Nokia's market capitalization increased by nearly $1 billion following the announcement, but the justification for this rise is questioned due to lack of project specifics [5] - Currently, Nokia has a market valuation of approximately $25 billion, with trailing-12-month free cash flow of over $1.7 billion and a dividend yield of 3.7% [6] - Analysts predict that Nokia's free cash flow is expected to grow by over 20% next year, suggesting that the stock may be a buy if profit growth meets or exceeds 10% [6]