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Alfen upgraded to Buy from Hold at Jefferies

Jefferies upgraded Alfen (ALFNF) to Buy from Hold with a price target of EUR 18, up from EUR 9. Alfen is well positioned to capitalize on the accelerating energy transition, with double-digit growth in all end-markets projected to drive a near-doubling of EBITDA margins by FY30, the analyst tells investors in a research note. FY30E. The company’s Smart Grids deployment accelerated 10x, ahead of a Crisis Act combatting grid congestion, while Energy Storage order intake surged 60%, the firm added, noting that it is increasing its EBITDA view for FY26 by 9% and its FY27 view by 17%.

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