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Investing.com - Berenberg initiated coverage on Belgium-based EnergyVision SA (BB:ENRGY) with a Buy rating and a price target of EUR14.50, representing a potential 27% upside.
The Belgium-based company provides green energy solutions through solar photovoltaic installations and electric vehicle charging infrastructure, enabling customers to access solar-powered electricity without upfront costs.
Berenberg highlighted EnergyVision’s balanced business model, which protects both the company and its customers from market price volatility while allowing the firm to generate profits across various market conditions.
The research firm pointed to EnergyVision’s new "trojan horse" energy supply strategy for the Belgian market as a key growth driver, creating opportunities for upselling additional services to customers.
Berenberg’s EUR14.50 price target is derived from discounted cash flow analysis, with the firm also noting that EnergyVision has additional long-term expansion opportunities beyond its current offerings.
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