In a report released yesterday, Davide Rimini from Intesa Sanpaolo maintained a Buy rating on Altea Green Power S.p.A., with a price target of €11.90.
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Davide Rimini’s rating is based on Altea Green Power’s strong operational performance and promising future outlook. The company reported stable revenue growth in the third quarter of 2025, with a notable increase in EBITDA, demonstrating effective cost management and margin expansion. This financial stability is further supported by the company’s commitment to its 2024–28 Business Plan Targets, despite the challenges posed by lower auction prices.
Additionally, Altea Green Power’s robust 2GW project pipeline, which is in an advanced stage of authorization, underpins its growth prospects. The company’s proactive measures to address market challenges and its solid financial guidance for 2025, including a positive net financial position, reinforce the Buy rating. The valuation using a DCF model with a target price of EUR 11.9 reflects confidence in the company’s domestic BESS pipeline and overall strategic direction.