BREAKING NEWS – 15.05.2023

In the press release of 12 May 2023, Comal SpA – a company active in the field of plant engineering for the production of solar energy, specialized in the construction of high-power photovoltaic systems with EPC formula, announced that it has signed a new agreement for the construction of a photovoltaic system on the ground, with SARDEOLICA Srl, a company of the SARAS Group. The plant, with a capacity of 80 MWp, will be built in Macchiareddu (CA), using the EPC-M (engineering, procurement, construction and management) formula. Thanks to the agreement, which sets the starting date for the construction work in June and the deadline within the first half of 2024, the value of Comal’s order book undergoes an increase, reaching over € 330.00 million to be developed during the two-year period 2023/2024. Alfredo Balletti, CEO of Comal, commented: “The signing of a further agreement on the Sardinian territory makes us particularly satisfied as this new large plant once again strengthens the bond that Comal has with Sardinia, where the Company has already been present for several years. Further satisfaction comes from having defined the agreement with a new important local client with whom we aim to continue the collaboration for the next important projects.” Taking into account the press release, we confirm our recommendation: target price € 8.70, BUY rating and MEDIUM risk.

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