Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Zenith Energy ( (GB:ZEN) ) has shared an announcement.
Zenith Energy Ltd. has announced the acquisition of two solar energy development projects in Italy, totaling 22 MWp, through its subsidiary WESOLAR S.R.L. These acquisitions in Piedmont and Puglia are part of Zenith’s strategy to strengthen its presence in Italy’s solar energy market and achieve its 100 MWp development target. The projects include agrivoltaic technology and battery energy storage systems (BESS), which enhance grid stability and profitability. Zenith plans to divest part of its portfolio to generate immediate profit and secure funding for future projects, reflecting its commitment to sustainable growth and value creation in the renewable energy sector.
The most recent analyst rating on (GB:ZEN) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Zenith Energy stock, see the GB:ZEN Stock Forecast page.
More about Zenith Energy
Zenith Energy Ltd. is an independent energy company with operations in North Africa, the US, and Europe. It focuses on energy production, exploration, and development, with a strategic emphasis on developing proven revenue-generating assets and low-risk exploration activities. The company is listed on the London Stock Exchange, Oslo Stock Exchange, and Spotlight Stock Market in Sweden.
Average Trading Volume: 549,730
Technical Sentiment Signal: Sell
Current Market Cap: £12.02M
See more data about ZEN stock on TipRanks’ Stock Analysis page.