Andrea Zampaloni, an analyst from Alantra Equities, reiterated the Buy rating on Distribuzione Elettrica Adriatica S.p.A. The associated price target remains the same with €11.80.
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Andrea Zampaloni has given his Buy rating due to a combination of factors that highlight Distribuzione Elettrica Adriatica S.p.A’s strong financial performance and growth potential. The company reported a significant increase in revenues for the first half of 2025, driven by strategic acquisitions and expansion in the public lighting sector, which helped mitigate regulatory challenges and cost pressures.
Moreover, DEA has demonstrated resilience in maintaining robust EBITDA margins despite facing higher operational costs, particularly from the 2G meter replacement program and increased personnel expenses. The company’s disciplined investment in network upgrades and smart meter replacements, supported by PNRR funds, positions it well for future growth. Additionally, DEA’s ability to leverage regulatory opportunities and potential M&A synergies further supports the positive outlook, making the stock undervalued with a substantial upside potential.
DEA’s price has also changed slightly for the past six months – from EUR7.200 to EUR7.550, which is a 4.86% increase.