Alteo shares soar –

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According to the new strategy:

  • at the regional level, Alteo’s own renewable portfolio can be significantly expanded, within the framework of which The goal is to create a regional green portfolio with a total capacity of 1,500-2,000 MW by the end of 2030.
  • they plan to expand the company’s production management services and operation and maintenance capabilities in the countries of the region, and
  • in the field of the circular economy, the goal is to become a leader in the domestic market, after which foreign expansion opportunities can also be assessed.

To achieve its strategic objectives, Alteo wants to invest up to 2-2.5 billion euros

and sets an EBITDA target of 300 million by 2030.

Investors greeted the announcement with bursting enthusiasm, Alteo shares are currently up 3.3 percentmaking it the second most traded stock we talk today on the Hungarian stock exchange.

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Cover image: Alteo

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Source: www.portfolio.hu