eVISO SpA, the Utilities sector company, was revisited by a Wall Street analyst on October 7. Analyst Chiara Tavazzi from Intermonte reiterated a Buy rating on the stock and has a €11.65 price target.
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Chiara Tavazzi’s rating is based on eVISO SpA’s strong financial performance and strategic growth initiatives. The company closed its FY24-25 with robust results, showing significant revenue growth of 41% year-over-year, driven by substantial increases in both the reseller and direct power channels. Despite a slight decline in EBITDA due to extraordinary investments in marketing and commercial development, the underlying business fundamentals remain solid, with a stable net profit and a proposed dividend payout.
Furthermore, eVISO’s governance has been strengthened with the appointment of Lucia Fracassi to the board, enhancing the company’s capability to execute its growth strategy. The proposal for capital increases up to €70 million is aimed at supporting expansion both in Italy and internationally, particularly in Southern Europe. The company’s focus on increasing delivered volumes and leveraging its platform-based business model aligns with its medium-term strategic objectives, justifying the Buy rating and the target price of €11.65 per share.
According to TipRanks, Tavazzi is ranked #7654 out of 10036 analysts.