Alantra has been appointed Corporate Broker to Altea Green Power SpA
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Milan – Alantra is pleased to announce its appointment as Corporate Broker to Altea Green Power SpA and the initiation of coverage by the Alantra Italian Equity Research team.
Altea Green Power (AGP) is a fast-growing Italian renewable energy developer with a strong presence in battery energy storage systems (BESS) and photovoltaic and wind project co-development. With a capital-light model, the group specializes in taking greenfield energy projects from initial land scouting through to the ready-to-build stage.
Backed by a 7GW pipeline across Italy and the U.S., the group leverages full-cycle capabilities from land scouting to EPC and is expected to enter the power generation with a 90MW target by 2028. Having delivered an 80% sales CAGR FY20-24, AGP is set to maintain strong growth (20% CAGR 2024- 2027E) with an attractive EBITDA margin above 57% and a FCF yield of 11% on average 2025-27E.
Alantra initiates coverage with a “Buy” recommendation and target price of €12.4/share.
