Altea Green Power S.p.A., the Technology sector company, was revisited by a Wall Street analyst on September 12. Analyst from TP ICAP MIDCAP maintained a Buy rating on the stock and has a €12.00 price target.
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TP ICAP (Europe) S.A. has given its Buy rating due to a combination of factors that highlight the temporary nature of the challenges faced by Altea Green Power S.p.A. Despite a decline in the first half of 2025, attributed to a slowdown in the Battery Energy Storage Systems (BESS) market, the company has shown resilience in its financial performance. The revenue and EBITDA figures, although slightly below expectations, demonstrate stability, with an improved EBITDA margin indicating strong project execution.
Furthermore, the company’s financial position has strengthened, with increased equity and reduced net debt, suggesting robust financial management. TP ICAP (Europe) S.A. views the current market conditions as a short-term setback, with medium-term growth prospects remaining strong. The anticipated recovery and structural growth potential, alongside Altea’s competitive positioning, support the Buy recommendation, with a target price of €12.0.