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The latest announcement is out from Zenith Energy ( (GB:ZEN) ).
Zenith Energy Ltd. has announced the acquisition of a solar energy development project in the Puglia region of Italy, expanding its solar portfolio to over 100 MWp. This acquisition includes a 12 MWp photovoltaic capacity and a 3 MW Battery Energy Storage System, enhancing the company’s strategic presence in Italy’s renewable energy sector. The project is expected to reach Ready-to-Build status within 12-16 months, with Zenith planning to sell portions of its development portfolio to generate immediate profit while also constructing selected assets to create long-term revenue streams. This dual approach aims to strengthen Zenith’s financial profile and support sustained growth in solar and storage markets.
The most recent analyst rating on (GB:ZEN) stock is a Hold with a £2.50 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 influenced by its financial performance, which shows revenue growth but also highlights profitability and cash flow concerns. Technical analysis indicates bearish trends with weak market momentum. The absence of valuation metrics further impacts the score negatively.
To see Spark’s full report on GB:ZEN stock, click here.
More about Zenith Energy
Zenith Energy Ltd. is an independent energy company listed on the London Stock Exchange, Oslo Stock Exchange, and Spotlight Stock Market in Sweden. It focuses on energy production, exploration, and development assets in North Africa, the US, and Europe. The company aims to develop revenue-generating energy production assets and engage in low-risk exploration activities.
Average Trading Volume: 591,338
Technical Sentiment Signal: Sell
Current Market Cap: £9.72M
For detailed information about ZEN stock, go to TipRanks’ Stock Analysis page.