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Investing.com - Berenberg has initiated coverage on R&S Group Holding AG (SWX:RSGN) with a Buy rating and a price target of CHF40.00, representing a potential 48% upside from current levels.
The Swiss-headquartered company, which specializes in grid power and distribution transformers, is positioned as a leading European provider in the transformer market according to Berenberg’s analysis.
Berenberg cites robust secular tailwinds in the electricity market as a key factor supporting its positive outlook, estimating that global electricity generation could grow at a compound annual growth rate of approximately 3-4% until 2030.
The research firm notes that increases in installed power capacity typically result in disproportionately higher demand for transformers, creating sustained structural demand for R&S Group’s products.
Berenberg projects total global investment in new transformer capacity could reach USD40-70 billion by 2027, with up to USD12 billion of that investment expected in Europe, R&S Group’s primary market.
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