ATOME Energy’s 2023 represents a “year of delivery” according to Liberum, which raised its target price to 191.5p from 180.4p.
Analysts at the bank said the energy company’s Phase 1 flagship 120MW Villeta project in Paraguay is seeing the bulk of activity and is on track for full production of green ammonia by 2025.
Liberum believes investors will also be encouraged by the confirmed geographical expansion in Central America where “considerable green energy opportunities exist.”
The broker remained a Buy on the stock.