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Novamarine S.P.A. ( (IT:NOVA) ) just unveiled an update.
Novamarine S.p.A. has signed a contract with Cosmo Montaggi e Trasporti S.r.l. to expand its Su Arrasolu production site, a strategic move aligned with its development strategy announced during its IPO. The expansion involves constructing a new 5,000 square meter fiberglass processing department, enhancing production efficiency and capacity to meet increasing market demand. This project, expected to be completed by the end of 2025, will allow Novamarine to separate its production lines for pleasure and professional segments, thereby strengthening its market position and operational capabilities.
The most recent analyst rating on (IT:NOVA) stock is a Buy with a EUR6.00 price target. To see the full list of analyst forecasts on Novamarine S.P.A. stock, see the IT:NOVA Stock Forecast page.
More about Novamarine S.P.A.
Novamarine S.p.A., founded in 2008 and listed on the Euronext Growth Milan market since August 2024, is a leader in the nautical sector, specializing in the production of high-performance pleasure and professional boats. The company, headquartered in Olbia, Sardinia, is renowned for its luxury boat lines and high-performance boats used in patrolling and rescue operations.
Average Trading Volume: 4,421
Technical Sentiment Signal: Strong Buy
See more insights into NOVA stock on TipRanks’ Stock Analysis page.