Stif continued its strong rise on the Paris Bourse on Monday, after announcing last Thursday an upward revision of its sales outlook for 2024.

After climbing by more than 18% on Friday in particularly buoyant volumes, the share price is up by around 6% today in a context of persistently high activity.

The industrial group had announced on Thursday evening that it had revised upwards its 2024 sales forecasts for its renewable energy storage business (BESS).

Stif explained that it had benefited from an increase in business volumes with Tesla, now worth around 13 million euros, as well as an initial order from the Chinese company Sungrow worth five million euros.

Following this announcement, Euroland analysts raised their expectations for 2024, now anticipating sales of 54.1 million euros versus 48.8 million previously, representing growth of 52.5%.

According to the brokerage firm, growth in the BESS segment, which is much more profitable than the Group's overall activities, should mechanically boost Stif's margins.

Euroland estimates that the Group should achieve an Ebitda margin of 15.6% in 2024, compared with 15.3% previously.

As a reminder, at the time of its IPO, Stif had set itself an Ebitda margin of 12% by 2025 and 15% by 2027.

Euroland has accordingly raised its target price to 16.3 euros from the previous 14.9 euros, while renewing its buy recommendation on the share.

The share has now gained over 98% since the start of the year.

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