Solaria falls sharply due to Goldman Sachs
Solarium (SLR.ES) is the second company to fall the most in 2024 on the Ibex 35, behind only Grifols. It’s connected with doubts over energy prices and high debt, which, together with the lack of cash, complicates the company’s sustainability. But today, Goldman Sachs is once again delivering bad news to Solaria shareholders.
Goldman Sachs cut its target price for Solaria from 22 euros to 16 euros per share and changed its recommendation from “buy” to “neutral”.. While current prices still have potential, lower price targets typically impact company prices.
This price is also below analysts’ consensus forecast of 18.6 euros per share. In fact, even 11 of the 20 analysts assessing his price target give him a “buy” rating, while only two give him a “sell” rating.
Here you can see brief information about the situation in the company.
Solaria shares are expected to fall nearly 28% in 2024.
Source: xStation5
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