Actions air (AERI3) rises in the trading session this Tuesday (9), after the company signed a new extension with Vestas.
At 3:15 p.m., AERI3 jumped 9.41%, at R$0.93. Shares had previously risen by about 13%.
The contractual change with the Danish wind turbine manufacturer provides for an increase in the supply of wind blades equivalent to 8.8 GW, which could add up to R$7.6 billion in revenue.
Aeris will now have a guaranteed contract with Vestas until the end of 2028. Since 2015, Aeris has made more than 8.5 GW of blade deliveries, both domestically and internationally.
Aeris has already signed a contractual change with the manufacturer in July 2022, with orders totaling 7.3 GW. Therefore, a new additive means an increase in the production range.
Aeris will only benefit from the contract amendment
For Genial analysts, contract renewals and the resumption of long-term energy price increases signal a potential positive reversal for Aeris.
Accordingly, Marcel Zambello and the BTG Pactual team believe that the company only benefits from the modification: “It helps growth in the long term, increases the duration of contracts and improves the visibility of the company.” Accumulation“.
“according to evaluation Aeris is undervalued, we believe investors are not giving the company the benefit of the doubt regarding its ability to extend the duration and capacity of the company. Accumulation. “We attribute this depreciation to frustration with reported margins, the increase in wind energy costs during Covid and increased risk aversion,” they say.
As energy prices begin to normalize, analysts expect the wind energy industry to return to normal contracted volumes.
“With improved leverage following a recent capital raise, we believe Aeris is well positioned to benefit from the resumption of the wind energy industry in Brazil,” they highlighted.
Both Genial and BTG have a Neutral recommendation for Aeris shares, with the latter choosing a price target of R$4.00 – implying a potential upside of around 370%.
