Waga Energy: Portzamparc integrates into 'High Five'
(CercleFinance.com) - Waga Energy shares rose in Paris Bourse on Wednesday, following Portzamparc's decision to include the stock in its 'High Five' list of small and mid-cap buy candidates.
At around 2.15pm, shares in the biomethane producer - which extracts gas from waste storage - were up around 4.2%, although YTD the stock is still down over 41%.
Portzamparc analysts believe that the company is on the right trajectory given the successful ramp-up of its production, which now relies on 27 units in operation.
The broker adds that the company's "American dream" is becoming a reality, with the signing of eight contracts in the US since mid-2023, ahead of further orders expected in the coming months.
Portzamparc has a buy recommendation on Waga shares, with a target price of E27, giving them 88% upside potential.
The other "members" of its "High Five" picks are Quadient, Reworld Media, Trigano and Virbac.
Its list of preferred stocks generated a 15.5% gain in August, compared with a 3.7% rise for the CAC Mid & Small index.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
At around 2.15pm, shares in the biomethane producer - which extracts gas from waste storage - were up around 4.2%, although YTD the stock is still down over 41%.
Portzamparc analysts believe that the company is on the right trajectory given the successful ramp-up of its production, which now relies on 27 units in operation.
The broker adds that the company's "American dream" is becoming a reality, with the signing of eight contracts in the US since mid-2023, ahead of further orders expected in the coming months.
Portzamparc has a buy recommendation on Waga shares, with a target price of E27, giving them 88% upside potential.
The other "members" of its "High Five" picks are Quadient, Reworld Media, Trigano and Virbac.
Its list of preferred stocks generated a 15.5% gain in August, compared with a 3.7% rise for the CAC Mid & Small index.
Copyright (c) 2024 CercleFinance.com. All rights reserved.