ATOME’s completion of a FEED study for the 145MW green fertiliser Villeta project in Paraguay is a key milestone for the project, according to house broker SP Angel.
Next steps are to select an EPC contractor and offtaker for the project, with an announcement expected later this month.
SP Angel pointed out that ATOME is the only international green hydrogen and fertiliser development company on the London Stock Exchange and provides investors with multiple near-term catalysts as it moves into the development stage of the Phase 1 Villeta project.
'Buy' with a 200p share target price is the broker’s view.