“Take profit” is the headline in DNB Markets analyst Helene Kvilhaug Brøndbo’s new update on Scatec. She downgrades the share from hold to sell, but retains the price target of NOK 72.
“Falling prices for solar farms seem to result in higher growth opportunities in the coming years. Nevertheless, we still see the growth opportunities as limited by Scatec’s leveraged balance sheet,” she writes in the analysis.
In the last week, the Scatec share has risen by over 11 per cent, and is currently trading at NOK 77.95.
“With underlying results and guidance that were only slightly above expectations, we consider the price rise in the last week to be excessive”, writes the analyst.
Danske Bank analyst Vidar Lyngvær admits a disk boom in the course rocket Kongsberg Gruppen. Now he increases the price target from NOK 550 to NOK 820, while the recommendation is upgraded from sell to hold.
“Long-term growth justifies higher multiples”, is Lyngvær’s main message.
“The challenge, as we see it, is what will be able to drive the share price upwards. We believe that further revisions of estimates and an increase in the multiples will require more confidence in the growth of Kongsberg Defense & Aerospace, which in turn will require more large contracts. Capital Markets Day represents a good opportunity for the company to increase its visibility beyond 2026, which we consider a potential catalyst,” writes the analyst.
Among other interesting analyses, it is worth highlighting the downgrading of Bakkafrost from ABG’s Martin Kaland. He goes from hold to sell, but increases the price target from NOK 545 to NOK 573.
Rune Tryti in SpareBank 1 Markets increases the price target in Akastor from NOK 14 to NOK 18, and maintains the buy recommendation.
