Zenith Energy Adds 10 MWp Agrivoltaic Project as Italian Solar Pipeline Reaches 120.5 MWp

Zenith Energy ( (GB:ZEN) ) has shared an announcement.

Zenith Energy has acquired a 10 MWp agrivoltaic solar development project in Italy’s Piedmont region through its subsidiary WESOLAR, paying up to €768,215 for the land subject to permits and targeting Ready-to-Build status within 12–15 months. The project deepens the company’s presence in one of Italy’s most industrialised and power-hungry areas, bringing its Italian solar portfolio to 120.5 MWp across Piedmont, Puglia and Lazio and enhancing the potential value of a pipeline that was independently valued at €27.5m when it stood at 110.5 MWp; Zenith plans to keep advancing projects to Ready-to-Build, selectively sell parts of the pipeline and construct chosen assets, while pursuing further acquisitions as it builds scale in the country’s rapidly growing photovoltaic market.

The most recent analyst rating on (GB:ZEN) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Zenith Energy stock, see the GB:ZEN Stock Forecast page.

Spark’s Take on GB:ZEN Stock

According to Spark, TipRanks’ AI Analyst, GB:ZEN is a Neutral.

Zenith Energy’s overall stock score is primarily impacted by its financial performance and valuation concerns. Despite strong revenue growth, the company faces significant profitability and cash flow challenges. Technical indicators suggest a cautious approach, and the negative P/E ratio highlights valuation risks.

To see Spark’s full report on GB:ZEN stock, click here.

More about Zenith Energy

Zenith Energy Ltd is a revenue-generating, independent energy company with production, exploration and development assets in North Africa, the US and Europe. Listed in London, Oslo and on Sweden’s Spotlight Stock Market, the group focuses on developing proven, cash-generating energy production assets and undertaking low‑risk exploration in fields that already have output, while increasingly building a portfolio of solar projects in Italy.

Average Trading Volume: 995,766

Technical Sentiment Signal: Sell

Current Market Cap: £20.51M

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