Altea Green Power: Strong Market Positioning and Growth Prospects Drive Buy Rating

Altea Green Power S.p.A. (AGP – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Davide Rimini from Intesa Sanpaolo maintained a Buy rating on the stock and has a €12.30 price target.

Davide Rimini has given his Buy rating due to a combination of factors that highlight Altea Green Power’s strong market positioning and financial health. The company’s first-quarter results for 2025 demonstrated a solid operating margin of over 60%, despite a seasonally slow start to the year. This robust margin performance, coupled with improved free cash flow, indicates a positive financial trajectory.
Furthermore, the company’s focus on the burgeoning Italian battery energy storage system (BESS) market is a significant growth driver. The management’s commitment to advancing a 2GW BESS pipeline supports strong revenue prospects for the latter half of the year. Additionally, a slight revision in the weighted average cost of capital (WACC) assumption has led to an increased target price, reinforcing the Buy rating as the current valuation does not fully reflect the company’s potential in this rapidly expanding market.

AGP’s price has also changed moderately for the past six months – from EUR6.670 to EUR7.700, which is a 15.44% increase.