Greenvolt’s shares ultimately surged to over 9% but surged nearly 11% to an all-time high, with the stock responding to a positive analyst review of the company. The market capitalization of the renewable energy company exceeded 660 million euros, making it the 13th largest capitalization on the Lisbon Stock Exchange.
The shares were up 9.09% to € 5.40, up 10.71% to € 5.48, a new all-time high since the company’s Lisbon debut. The previous high was reached in the first session, when bonds rose to 5.30 euros.
The company received its first analyst estimates on Monday. CaixaBank / BPI, BNP Paribas and Santander began hedging securities with buy recommendations in the case of BNP Paribas and Santander and neutral in the case of BPI and “targets” that give them upside potential.
Highest rated from Santander. The Spaniards rate the company with target price € 6.90, A “target” that offers upside potential of more than 40% from last Friday’s closing price (€ 4.86).
CaixaBank / BPI and BNP Paribas aim to grow to 5.50 euros and 5.60 euros in the coming months, respectively. growth margin of about 13% against Friday’s closing price.
Greenvolt tacos in tacos with CTT
Greenvolt’s market capitalization now exceeds € 655.4 million, but even presented a market value of € 665.3 million during the session. The current market cap puts Greenvolt on a par with CTT – they are valued at 659 million euros – and ahead of Mota-Engil (407.71 million) and four other companies listed on the PSI-20.
The company is listed on the general index of the Portuguese stock exchange, but the leader of the company João Manso Neto has already stated that he wants reach PSI-20 in September…
“We intend to come as soon as possible, and as soon as possible, it should be September, because it is too early to go to PSI-20. It’s a matter of honor. We want to do this very quickly. “said Joao Manso Neto, CEO of Greenvolt, during the opening session of the stock exchange.
To enter PSI-20, you must have a minimum of 20 trading days in the market – a deadline that Greenvolt has already met. In addition, there are several rules to follow, including liquidity rules.
The company debuted on the Portuguese stock exchange in mid-July, always trading above the price at which the shares were sold on the IPO (4.25 euros).
