(Finance) – It moves at a loss ERG which shows a decline of 4.53% on previous values, despite the 2023 results announced before the start of the market, which delivered a sharply growing profit.
In the operating rooms it seems that the guidance is disappointing. For 2024, “based on the best estimate of the price scenario in a context of high volatility and uncertainty”, ERG estimates a gross operating margin in the range between 520 and 580 million, investments are expected in the range between 550 and 600 million . Adjusted net financial debt is expected between 1,750 and 1,850 million, including the distribution of the ordinary dividend of 1 euro per share.
The progress of company active in the renewable energy sector in the week, compared to FTSE MIBdetects a lower relative strength of the stock, which could become prey to sellers ready to take advantage of potential weaknesses.
Technical picture clearly deteriorating with controlled supports estimated in the 23.28 Euro area. On the upside, however, a polarizing level of greater outflows is seen at 24.46. The worsening of ERG it is highlighted by the downward crossing of the 5-day moving average with the 34-day moving average. The possibility of new declines with a target of 22.56 is concrete very soon.