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An announcement from Grenergy Renovables S.A ( (ES:GRE) ) is now available.
Grenergy Renovables S.A. has completed a private placement of approximately 1.57 million ordinary shares, representing about 5.52% of its share capital, raising €96,245,190. The placement was oversubscribed and aimed at qualified investors, with major international investors participating. The main seller, Daruan Group Holding, S.L., and company executives have agreed to a 90-day lock-up period on the remaining shares, indicating confidence in the company’s future prospects.
The most recent analyst rating on (ES:GRE) stock is a Buy with a EUR70.00 price target. To see the full list of analyst forecasts on Grenergy Renovables S.A stock, see the ES:GRE Stock Forecast page.
More about Grenergy Renovables S.A
Grenergy Renovables S.A. operates in the renewable energy industry, focusing on the development, construction, and management of solar and wind energy projects. The company targets international markets, providing sustainable energy solutions.
Average Trading Volume: 66,861
Technical Sentiment Signal: Buy
Current Market Cap: €1.83B
See more insights into GRE stock on TipRanks’ Stock Analysis page.