In a report released yesterday, Michele Mombelli from TP ICAP MIDCAP maintained a Buy rating on eVISO SpA, with a price target of €14.00.
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Michele Mombelli has given his Buy rating due to a combination of factors that highlight eVISO SpA’s strategic advancements and financial benefits. The company has expanded its renewable energy portfolio by securing agreements for the direct purchase of 25.2 GWh per year from new photovoltaic plants, significantly increasing its total renewable energy capacity. This expansion not only enhances eVISO’s presence in the Piattaforma Conti Energia (PCE) market but also diversifies its commercial partnerships and improves its operational efficiency.
Mombelli notes that the shift to the PCE market allows eVISO to negotiate more favorable payment terms, extending the cash cycle by approximately 60 days and providing an estimated financial benefit of €0.4 million. The flexibility offered by the PCE platform enables eVISO to optimize its energy mix and reduce reliance on volatile spot market prices. Although direct savings on energy prices are not guaranteed, the ability to negotiate prices freely offers potential cost advantages. These strategic moves underpin Mombelli’s confidence in eVISO’s growth prospects, justifying the Buy recommendation with a target price of €14 per share.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 6Z8 in relation to earlier this year.