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An announcement from Iren S.p.A. ( (IT:IRE) ) is now available.
Iren S.p.A. has renewed its Euro Medium Term Notes (EMTN) Program, increasing the maximum issuance amount from 4 to 5 billion euros, with approval from CONSOB and Borsa Italiana. This strategic move is aimed at diversifying funding sources, enhancing its presence in the capital market, and supporting the development of a competitive and sustainable national bond market. The program aligns with Iren’s financial strategy of prioritizing sustainable financing, which constitutes about 90% of its total debt, and includes the issuance of green and hybrid bonds.
The most recent analyst rating on (IT:IRE) stock is a Buy with a EUR2.30 price target. To see the full list of analyst forecasts on Iren S.p.A. stock, see the IT:IRE Stock Forecast page.
More about Iren S.p.A.
Iren S.p.A. operates in the utilities sector, focusing on energy, integrated water services, environmental services, and technological services. The company is known for its commitment to sustainability and innovation, particularly in the development of green bonds and sustainable financing.
Average Trading Volume: 1,511,423
Technical Sentiment Signal: Buy
Current Market Cap: €3.33B
For an in-depth examination of IRE stock, go to TipRanks’ Overview page.