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The latest announcement is out from Seri Industrial S.p.A. ( (IT:SERI) ).
Eni Storage Systems, a joint venture between Eni and Seri Industrial, has commenced operations in Brindisi to develop stationary lithium batteries, aiming to produce over 8 GWh/year of lithium iron phosphate batteries for energy storage. This initiative is part of Eni’s industrial transformation plan to enhance sustainability and includes integrated management with a site in Teverola. The project seeks to capture over 10% of the European stationary battery market, with future plans to incorporate battery recycling, contributing to the energy transition.
The most recent analyst rating on (IT:SERI) stock is a Hold with a EUR2.50 price target. To see the full list of analyst forecasts on Seri Industrial S.p.A. stock, see the IT:SERI Stock Forecast page.
More about Seri Industrial S.p.A.
Seri Industrial S.p.A. operates in the industrial sector with a focus on developing and producing lithium batteries. The company is involved in creating sustainable energy solutions, particularly in the stationary battery market, and aims to capture a significant share of the European market.
Average Trading Volume: 169,155
Technical Sentiment Signal: Sell
Current Market Cap: €126.9M
For detailed information about SERI stock, go to TipRanks’ Stock Analysis page.