Shares, Erredue returns to the extraordinary general meeting. For Intesa Sanpaolo, the company has good growth prospects in the coming years – MilanoFinanza News

[ad_1]

On Thursday, December 28, ErreDue will attend MVH, continuing the comeback that began the day before. At 15:00 the shares were trading at €8.50, +2.41% for the day. This is the second increase in the week after the positive performance of over 4% recorded on Wednesday the 27th. After a year of decline, this is the first movement that signals a reversal of the trend. Shares have lost 26.6% year-to-date, an improvement from the -35% YTD recorded at the end of Friday, December 22.

Growth plans

Growth plans that CEO Enrico D’Angelo said are driving the stock higher Milan Finance. The businessman intends to develop the production of hydrogen electrolyzers in two ways: on the one hand, by opening a new production plant, which will bring annual production from 8MW to 60-120MW, on the other hand, through agreements with companies all over the world. abroad in Europe (especially in Portugal and Spain), which are already “in good standing” negotiations.

The interview was recorded by Intesa Sanpaolo, which confirmed a buy rating and a target price of 11.7 euros on ErreDue shares. “We appreciate the interview, highlighting in particular the high selling price that the company is able to obtain on the market for its 1MW plant. We also note that gas generator sales are expected to double in 2023, and note that generator sales grew by 53% in the first half of 2023. (All rights reserved)

[ad_2]

Source link

Leave a Comment