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Rbc Believes Grenergy Has Potential, but Reiterates Objective
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Fernando García, an analyst at RBC Capital Markets, reiterates his Note on Over Weighting in Grenergy with a target price of 100 euros per share, although he states that Grenergy’s asset turnover gains exceeding the targets suggest potential updates to his investment plan, which allows a capex higher than the guided one. Combined with the availability of numerous new projects that we estimate have two-digit IRRs, this supports Grenergy’s consist…
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