ERG traded at 24.40 this Friday March 6th, increasing 0.32 or 1.33 percent since the previous trading session. Looking back, over the last four weeks, ERG gained 6.09 percent. Over the last 12 months, its price rose by 38.56 percent. Looking ahead, we forecast ERG to be priced at 23.65 by the end of this quarter and at 21.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
ERG SpA is an Italy-based independent power producer active in the renewable energy sector, which generates energy mostly from wind, solar, hydroelectric and thermoelectric sources. The Company’s activities are divided into three segments: Non-Programmable sources, Programmable sources and Corporate. The Non-Programmable sources segment manages the operations of the wind power production; the Programmable sources segment includes the operations of the thermoelectric and hydroelectric power generation; and the Corporate segment focuses on the administrative activities. The Company operates through its subsidiaries in Europe, mainly in Italy, France and Germany.