The technical chart pattern of Soltec Power Holdings, S.A. shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
Summary
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths
● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● Sales forecast by analysts have been recently revised upwards.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
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Soltec Power Holdings SA is a Spain-based company engaged in renewable energy sector. The Company's activities are divided into two business lines: Soltec Industrial and Powertis. Soltec Industrial is a Companyâs industrial business line led by Soltec Energias Renovables SL, engaged in the construction, installation and sale of photovoltaic solar trackers. It also provides operation and maintenance services to customers. Powertis is a Companyâs project development business line, led by Powertis SA, involved in the development of facilities for producing photovoltaic solar electric energy. Through its subsidiaries, the Company operates in Spain, Italy, France, the United States, Chile, Brazil, Peru, Mexico, Argentina, Colombia and India.