| In the press release issued on July 22nd, 2025, Redelfi – the Genoa-based parent company of the Redelfi Group, active in the development of innovative and sustainable infrastructure supporting the energy transition – announced the sale of its stake in CerLab Srl, a Milan-based company specializing in the development of Renewable Energy Communities (RECs), to a third-party acquirer. The transaction was executed at book value and, as such, does not qualify as material under the Euronext Growth Milan Issuers’ Regulation. This divestment enables Redelfi to fully exit its exposure to the REC segment, recover its entire initial investment, and generate a positive cash inflow. The move is fully aligned with the Company’s industrial strategy, which aims to streamline its operational scope and focus resources and investments on the development of stand-alone Battery Energy Storage Systems (BESS) — a segment regarded as a strategic priority for the Group’s future growth. Redelfi’s exit from CerLab marks another key milestone in its ongoing strategic focus, reinforcing its positioning as a specialized player in the energy infrastructure market, with an increasing emphasis on the energy storage segment. The decision allows for the reallocation of resources previously committed to REC initiatives, thereby accelerating the development of BESS projects in a sector experiencing rapid expansion. Nonetheless, the Group reaffirms its belief in the strategic value of Energy Communities and their strong alignment with Redelfi’s sustainability-driven mission and long-term vision. In light of the CerLab divestment and the resulting strategic focus on BESS development, which reinforces the allocation of resources to the Group’s core business, we reiterate our positive outlook on the stock: Target Price €12.00, BUY Rating, and Medium Risk. |
