BREAKING NEWS – 18.01.2024

In a press release of January 15, 2024, SolidWorld Group, the Company heading the leading Group in digital technologies, 3D printing as well as additive manufacturing, announced that its subsidiary SolidFactory Srl, which is specialized in turnkey industrial 5.0 projects, has entered into a major new supply contract. The agreement has been concluded with a global international player, active mainly in the Americas, and covers the engineering and complete supply of an innovative high-tech line, which can be used in the solar and renewables sector. The order, with delivery in July 2024 and invoicing throughout the year, provides for the supply by SolidFactory of a production line for the “mass production” of high-efficiency photovoltaic panels, for a total value of € 1.40 million. The operation pursues the strategy previously initiated by the Group through the acquisition of a Formula E line of business, aimed at integrating know-how related to the production of high-quality photovoltaic panels, including through the revamping of obsolete panels. Thus begins successfully SolidWorld’s journey into photovoltaics, a market with a global energy production of 239 GW in 2022 and 392 GW in 2023, marking an annual growth of 65.0%. Taking the press release into consideration, while waiting to evaluate the future developments of SolidFactory Srl’s business, the effects of the recent capital increase, and the 2023 budget results, we confirm our recommendation: target price € 7.00, rating BUY and risk MEDIUM.

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