Sif Holding: Breezes higher as ING ups to hold
17/05/2021 09:49
May 17 (Reuters) - ** Shares in Dutch renewable energy
equipment company Sif Holding climb more than 3% after ING
upgrades the stock to "hold" from "sell"
** The broker says it "underestimated the strength of Sif’s
ESG (environmental, social and corporate governance) profile and
the attractiveness of that for equity investors" after it
previously downgraded the company to "sell"
** Market growth prospects for the offshore wind market in
and outside Europe look healthy, ING says
** The broker believes Sif is able to reach its 2021 EBITDA
forecast of 40 million euros
((Laura.marchioro@tr.com))