Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Metlen Energy & Metals PLC ( (GB:MTLN) ) just unveiled an update.
PPC Group and Metlen Energy & Metals have agreed to form a 50-50 joint venture to develop, build and operate up to 1,500MW/3,000MWh of battery energy storage projects in Romania, Bulgaria and Italy, with 1,000MW targeted for rollout within the next 12 months. The portfolio will use two-hour liquid-cooled LFP battery systems, designed to maximise energy output and operational safety while supporting adjacent solar and wind parks.
By combining PPC’s regional footprint and energy management capabilities with Metlen’s infrastructure development and construction expertise, the partners aim to accelerate grid-scale storage deployment and improve power system stability across Southeast Europe. The initiative advances PPC’s storage targets for the next three years and marks a key milestone in Metlen’s strategy to build a sizeable European energy storage presence, enhancing the value of renewable portfolios and underpinning the transition to a more resilient, high-renewables energy system.
The most recent analyst rating on (GB:MTLN) stock is a Buy with a EUR55.00 price target. To see the full list of analyst forecasts on Metlen Energy & Metals PLC stock, see the GB:MTLN Stock Forecast page.
More about Metlen Energy & Metals PLC
Metlen Energy & Metals PLC is the parent company of an international industrial and energy group with leading positions in metallurgy and power. It operates the EU’s only fully integrated bauxite, alumina and primary aluminium complex, and provides integrated thermal and renewable generation, electricity supply, grid infrastructure, and battery storage solutions across more than 40 countries. Listed in London and Athens and a FTSE 100 constituent, Metlen generated €5.68 billion of revenue in 2024, with strong EBITDA, moderate leverage and broad ESG recognition, underpinning its strategy around sustainable growth and the circular economy.
Average Trading Volume: 246,962
Technical Sentiment Signal: Strong Sell
Current Market Cap: €5.16B
Find detailed analytics on MTLN stock on TipRanks’ Stock Analysis page.