Zenith Energy Adds 5 MWp in Puglia as Solar Pipeline Grows to 183.5 MWp

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

Zenith Energy has expanded its Italian renewables footprint with the acquisition of two 2.5 MWp solar development projects in Puglia, comprising a photovoltaic plant and an agrivoltaic site on a combined seven hectares of land. The company will pay for the assets only once permits are secured and the projects reach ready-to-build status, having purchased the land at an average of about €70,000 per hectare.

The deals lift Zenith’s solar development pipeline to 183.5 MWp, up from 173.5 MWp in March, reinforcing its strategy to scale and upgrade its European solar portfolio. Management says the enlarged pipeline, which includes its first Puglia sites scheduled to enter construction in July 2026, is intended to drive value as assets move into construction, production or selective divestment, potentially enhancing returns and funding further growth.

Spark’s Take on ZEN Stock

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

The score is held back primarily by weak cash flow health and limited valuation clarity from a negative P/E. These are partly offset by strong technical momentum (price above major moving averages with positive MACD) and improving operating performance with strong revenue growth and more manageable leverage.

To see Spark’s full report on 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 U.S. and Europe. Listed in London, Oslo and on Sweden’s Spotlight market, it focuses on building value from proven energy production assets alongside low-risk exploration in fields with existing output.

Average Trading Volume: 1,553,644

Technical Sentiment Signal: Buy

Current Market Cap: £47.07M

For a thorough assessment of ZEN stock, go to TipRanks’ Stock Analysis page.