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An update from Vergnet S.A. ( (FR:ALVER) ) is now available.
Vergnet has successfully renegotiated its bond loan with Hexagon Capital Fund, reducing the initial amount from 1.5 million euros to 600,000 euros and ensuring the terms are non-dilutive. This move aligns with Vergnet’s financial restructuring strategy aimed at supporting its operational optimization plan and ensuring the sustainability of its wind and solar projects. The renegotiation follows the termination of a previous financing contract with ATLAS Capital Market and demonstrates Vergnet’s focus on maintaining profitability while exploring non-dilutive financing solutions to support its business growth.
More about Vergnet S.A.
Vergnet SA is a company specializing in renewable energy production, focusing on wind, solar, and hybrid systems, particularly for non-interconnected networks. The company has developed the Hybrid Wizard technology, which manages the integration of renewable energies into electrical grids, especially for isolated networks. Vergnet operates in over 50 countries, has installed 1,000 wind turbines, and employs 200 people across 11 locations. It is listed on Euronext Growth and its shares are eligible for the PEA-PME.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €404K
Find detailed analytics on ALVER stock on TipRanks’ Stock Analysis page.
