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.


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