Kepler upgrades SOL stock rating, optimistic about strong performance and acquisition prospects

LootboxPhobia · 2026-03-27T18:15:31+00:00

Kepler upgrades SOL rating from Hold to Buy, with a target price increased to €56.50, due to stable performance in fiscal year 2025 and a 10.3% year-over-year increase in sales. The company's EBITDA and net profit have both risen, and future performance is expected to continue improving.

LootboxPhobia

2026-03-27 18:15:31

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Investing.com - Kepler upgraded SOL (BIT:SOL) from Hold to Buy on Thursday, raising the target price from €54.50 to €56.50, citing the Italian chemical company’s solid performance and optimistic outlook for fiscal year 2025.

SOL reported fiscal year 2025 sales of €1.78 billion, a year-on-year increase of 10.3%, with acquisitions contributing 1.9% to growth. The company’s EBITDA margin expanded by 30 basis points to 25.4%, with EBITDA growing by 11.8%, EBIT increasing by 13.8%, and net profit rising by 13%.

The technical gases segment grew by 8.2%, while the home care segment grew by 12.3%, both contributing to performance.

Fourth-quarter sales growth slowed from 9.0% in the third quarter to 8.2%, mainly due to lower energy transmission costs. The net financial position stood at €485 million, better than Kepler’s expectation of €516 million, thanks to reduced capital expenditures and acquisition spending.

Kepler raised its sales expectation for 2026 from €1.90 billion to €1.92 billion, and EBITDA expectation from €481 million to €490 million.

The firm increased its earnings per share expectation for 2026 to 2028 by 2.0% to 3.5%, incorporating the full impact of eight acquisitions completed in 2025 and two transactions at the beginning of 2026.

SOL’s cash expenditure on transactions completed in 2025 totaled €17 million. According to Kepler, the company expects to benefit from the Energy Release Decree in 2026 by €6 million to €8 million.

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