Solaria's shares are up more than 7% on Tuesday thanks to an improved valuation by RBC. These analysts raise their target price to 11 euros from the previous 9 euros and reiterate their advice to 'overweight'. The energy company scales up to that level of 11 euros after this improvement.
In the opinion of these experts, the reduction of capex and opex allows Solaria to maintain similar returns on projects even at lower PPP prices. "We now believe that these returns will be applied to increased installation capacity, contributing to greater strength of the Solaria 'pipeline'," these analysts say.
— EXTENDING —