ESPE Wins €10 Million Motorway Solar-Storage Contract on Italy’s A4

An announcement from ESPE SpA ( (IT:ESPE) ) is now available.

ESPE S.p.A. has secured Lot 2 of a tender from motorway operator Autostrada Brescia Verona Vicenza Padova to design and build nine photovoltaic plants with integrated battery storage systems along the A4, in a contract valued at about €10 million, of which roughly €9 million is attributable to ESPE as part of a temporary consortium. The project, which will add 4.15 MWp of solar capacity and 4.60 MWh of storage and is scheduled to start and finish within the current financial year, bolsters ESPE’s order backlog and cements its positioning in infrastructure-related energy transition projects by expanding its customer base and demonstrating strong technical credentials in tenders weighted heavily toward quality.

The most recent analyst rating on (IT:ESPE) stock is a Buy with a EUR7.50 price target. To see the full list of analyst forecasts on ESPE SpA stock, see the IT:ESPE Stock Forecast page.

More about ESPE SpA

ESPE S.p.A., based in Grantorto in Italy’s Veneto region, operates in the renewable energy sector as an EPC contractor for photovoltaic plants and ground-mounted parks and as a system integrator for complex industrial electrical and automation systems. With over 50 years of experience, it has developed proprietary technologies in photovoltaics, small wind and biomass cogeneration, and has expanded through acquisitions such as Permatech, Rigoni Lab, Soland and Secur Impianti to strengthen design, execution and energy security capabilities while serving large industrial groups, SMEs and institutional investors.

Average Trading Volume: 22,995

Technical Sentiment Signal: Strong Buy

Current Market Cap: €36.67M

For detailed information about ESPE stock, go to TipRanks’ Stock Analysis page.