Cenergy Holdings:The incredible growth story extends beyond 2030In the case of Cenergy Holdings (CENER), words are unnecessary.
The growth story of this group is incredible and extends beyond 2030. The comparison of this year's nine months with last year is characteristic, with the percentage figures having escaped, such as the +44% in EBITDA from 137 million euros to 196.8 million euros and the more than doubling in pre-tax profits of 123 million euros from 60.1 million euros and after-tax profits of 100.26 million euros from 47.16 million euros, reminiscent more of an IT company than a giant industrial group.
So in this group that is going to reach 400 million euros in operating profits in the next two years, before even putting the new Hellenic Cables factory in the US into full operation, the long-term chart of the stock shows a strong upward trend.
The stock, taking prices within the “W” channel, has broken resistances such as those at 3.465 euros, 7.20 euros and around 10.18 euros, in order to continue towards 12.80 euros. The extension of this pattern gives prices even above 14 euros.
