Stifel Nicolaus analyst Julien Onillon maintained a Buy rating on Voltalia (0QW7 – Research Report) today and set a price target of €11.00.
Julien Onillon has given his Buy rating due to a combination of factors that highlight Voltalia’s potential for growth despite recent challenges. The company has faced setbacks, particularly with production curtailments in Brazil, which have impacted profitability. However, Voltalia’s strategic initiatives, including the SPRING review, are expected to address these issues and position the company for future success.
Moreover, Voltalia’s recent acquisition of significant contracts in Egypt and Uzbekistan underscores its strong growth prospects and technical expertise. These projects are anticipated to nearly double the company’s installed capacity, enhancing its long-term value. Despite current undervaluation, the anticipated unveiling of new strategic plans in September is expected to act as a catalyst for the stock, making it an attractive buy for investors.