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Goldman Sachs Spots Two European Stocks With 100%-Plus Upside on Its Conviction List
['Sakamoto Nashi']
The Currency analytics
Operating profit hit 562 million euros — well above the 470 million euros analysts had penciled in.
ASML got added to Goldman’s European Conviction Directors’ Cut list with a 52% upside projection.
Clean energy developers have faced a rough stretch as investors second-guess the pace of the energy transition and fret about input costs.
Goldman Sachs projects Ceres Power, a UK-based clean energy developer, rising 168% over the next 12 months, making it the top upside call on the bank’s European list.
Rheinmetall reported a 69% revenue increase to 3.289 billion euros, with operating profit of 562 million euros, beating analyst expectations of 470 million euros.