Charwood Energy: Euroland initiates buy coverage

(CercleFinance.com) - On Tuesday, Euroland initiated coverage of Charwood Energy shares with a buy recommendation and a price target of 6.
5 euros, suggesting a "substantial" upside potential of 55%.

In a note entitled "Another asset for the ecological transition", the brokerage firm considers the French specialist in the production of decarbonized energy from biomass to be a company "worth keeping a close eye on".

Euroland highlights the company's more than 15-year track record in energy recovery, a wealth of technical know-how (biomass boiler plants, heating networks, methanization, pyrogasification) and a dual business model (EPC for third parties, independent production for own account)

In its view, the group is well equipped to take on a multi-billion euro market and respond, at its own level, to the urgent need to move away from fossil fuels.

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