BofA upgrades Solaria to 'buy', shares gain around 20% in three days
02/10/2025 11:43
Corrects second bullet to say shares are up 20% since Tuesday, not this session ** Bank of America Global Research upgrades Solaria SLRS.MC to "buy" from "neutral", noting that recent share price corrections offer a better risk-reward profile ** The shares are extending a three-day rally and are up around 20% since posting above consensus H1 results on Tuesday ** Solaria booked an 82.1 million euro ($96.42 million) H1 net profit, up 97% year-on-year and above a 74.5 million euro Bloomberg consensus, as cited by Capital Markets ** After falling 27% from their August peak, BofA expects the share price to continue its rebound thanks to a "much-anticipated" data centre focused CMD in November ** Its recent partnership with specialist data centre investor Stoneshield "could accelerate execution and crystalise the data centre upside potential, given a geographical overlap," BofA says ($1 = 0.8515 euros) (Reporting by Javi West Larrañaga) ((javier.west@thomsonreuters.com; +34 918 35 61 12))