Analyst Alessio Olmi of TP ICAP MIDCAP maintained a Buy rating on Altea Green Power S.p.A., with a price target of €10.90.
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Alessio Olmi has given his Buy rating due to a combination of factors that highlight Altea Green Power’s potential for growth despite the current lack of catalysts. The company has demonstrated stable financial performance with solid results in the first nine months of 2025, maintaining a strong EBITDA margin and a positive net debt position. This financial stability is supported by a substantial project pipeline, particularly in the advanced stages of authorization, which promises future revenue streams.
Furthermore, Altea Green Power’s strategic focus on Battery Energy Storage Systems (BESS) projects and the potential benefits from the MACSE mechanism for storage indicate promising long-term growth prospects. Although the short-term outlook lacks significant catalysts, the company’s low valuation and the anticipated signing of international contracts in early 2026 provide a compelling case for a Buy recommendation. This strategic positioning suggests that Altea Green Power is well-placed to capitalize on future opportunities, justifying the Buy rating.
AGP’s price has also changed moderately for the past six months – from EUR7.330 to EUR6.090, which is a -16.92% drop .