Berenberg ups Mersen to 'buy' on 'precipitous growth' in power unit

Mersen SA

03/08/2026 07:07

** Berenberg upgrades French electrical components maker Mersen CBLP.PA to "buy" from "hold" following strong first-half results and full-year guidance upgrade
** The broker raises its price target by 4% to €50/share, noting the "precipitous growth" of the electrical power unit driven by data centre and grid infrastructure demand
** Mersen raised its full-year guidance on Thursday to the top end of its range for revenue and margins
** The firm expects data centre revenues to exceed €40 million ($46 million) in 2026, roughly doubling from 2025 levels, while the silicon semiconductor business continues to perform well
** While the advanced materials division remains weak due to soft solar and chemicals markets, Berenberg sees the stock's valuation as particularly undemanding at 12x 2027 earnings
($1 = 0.8669 euros)

(Reporting by Leo Marchandon in Gdansk)
((leo.marchandon@thomsonreuters.com))