Pareto Securities reiterates its Buy recommendation for renewable energy company Cloudberry Clean Energy and raises its price target to 14 Norwegian kroner from 13, according to a recent analysis.
The brokerage sees significant earnings potential as a result of rising Nordic electricity prices, particularly during the winter. With around 90 percent exposure to spot prices, the company benefits from the price increase.
Pareto raises its forecasts for earnings per share in 2026–2028 by 28–61 percent and estimates net asset value at 13.5 Norwegian kroner per share. Third-quarter EBITDA also exceeded expectations.
