Italy's ERG falls 4.5% as caution on future growth leads to 2026 outlook cut

ERG

12/03/2025 09:01

** Shares in Italy's ERG ERG.MI are down 4.5%, paring losses after falling as much as 9%

** Renewable energy co reports 2024 results in line with revised guidance but expresses caution on future growth and cut 2026 forecast

   ** Equita says 2025's targets and 2026's revised forecast are below expectations

** Says, ERG remains among the best renewable companies in terms of asset quality, management and valuation. However, we believe that short-term uncertainties and the "value" vs. "growth" approach may still weigh on valuations

** "The company’s 2025 targets are around 5% lower compared to our estimates," says Banca Akros

** Up to the Tuesday session's close, shares were down 5.8%​ YTD.

 (Reporting by Alberto Chiumento)