Euroxx sets Cenergy target at €26.5, forecasts 26% upside

Euroxx Securities reaffirmed a target price of €26.5 for Cenergy Holdings, maintaining an overweight recommendation and estimating a potential 26% price increase from current levels. The outlook rests on higher profit margins, a substantial rise in the company’s project backlog, and the expected contribution of a new production plant in Maryland, USA, slated for operation from 2028.

Euroxx projects EBITDA of €415.2 million for 2026, representing a 19% year‑on‑year increase, and anticipates net profit growth of 29%. The firm also cites an EV/EBITDA multiple of 10.2× for 2027 and 8.4× for 2028, underpinning its view that the recent share correction offers an attractive entry point for medium‑term investors.