Charwood: share price boosted by strong growth in 2024

(CercleFinance.com) - Charwood Energy was up sharply on the Paris Bourse on Thursday after announcing sales growth of 19% in 2024.


The specialist in biomass energy recovery said it recorded sales of five million euros last year, compared with 4.2 million in 2023.

The Breton group points out that its 2024 financial year was marked by commercial and operational advances, some of which are structuring for the future, such as the recent 21-year contract won from Verallia.

Under the terms of the agreement, Charwood has been commissioned to build and operate a plant at the Verallia plant in Cognac to produce syngas, a green gas generated by biomass pyrogasification.

To date, the Group has secured orders worth a total of 4.3 million euros on behalf of third parties, for delivery and invoicing in 2025.

In a reaction note, Euroland analysts hail the company's "fine annual growth", while noting that sales in the second half of the year were stable after very strong growth in the first half (+67%).

The brokerage firm therefore reiterates its Buy recommendation, with a target price of 5.50 euros.

On the Paris Bourse, Charwood Energy shares were up by over 7% on Thursday, bringing their gains since the start of the year to over 72%.

Copyright (c) 2025 CercleFinance.com. All rights reserved.