Charging station provider Fastned rises on 'strong momentum' in Q3

Fastned BV

12/10/2023 08:09

** Shares in Fastned rise about 4% after it reported rising
revenues in Q3, expansion into new markets
    ** The Dutch charging stations developer generated 15.2
million euros ($16.16 million) in Q3, up 51% y/y
    ** "Fastned's 3Q23 earnings momentum remains strong, while
expanding into new markets by winning important tenders" -
Jefferies
    ** Shares have lost over 25% in value since the start of the
year
    ** Out of 9 analysts that cover Fastned, six rate the stock
"strong buy/buy" ,​three rate "hold" and no analysts rate the
stock "strong sell" or "sell"

($1 = 0.9408 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))