EnVent Research & Analysis Division has started its Coverage of Italeaf S.p.A., a Company listed on Swedish NASDAQ OMX First North. Italeaf is the holding company of TerniEnergia Group, specialist in renewable energy and cleantech. The Group as a whole promotes business initiatives in the cleantech sector and in innovative technologies. Italeaf supports new initiatives through direct investment in enterprises with high growth potential and providing cutting-edge infrastructure, corporate services and network opportunities. The well-established companies in the portfolio of Italeaf are TerniEnergia and the just acquired Free Energia. High tech startups: GreenLed Industry – heavy-duty LED; SkyRobotic – civil drones; WiSave – smart devices for remote control of energy consumption.
Based on our forecasts and valuation models, we derived a target price of €1.94 per share, 28% upside vs. the current share price, rating OUTPERFORM.

Italeaf Research