Alfen stock surged 23.5% today to €15.76 after Jefferies issued a high-conviction upgrade from Hold to Buy, doubling the price target to €18.
The upgrade followed Alfen's Q1 2026 results showing 25% revenue growth, driven by Energy Storage and Smart Grid Solutions.
Adjusted EBITDA rose nearly 50%. Jefferies raised EBITDA estimates by 9-27% and projects EBITDA margins to nearly double by FY30E.
The Annual General Meeting on May 20 provided strategic context for the upgrade.
The AEX Index is the primary benchmark. US indices also rose today: S&P 500 +1.1%, Dow Jones +1.3%, NASDAQ +1.5%.
Alfen's stock has averaged over 6% weekly moves in the past three months, amplifying reactions to analyst actions.
The stock's all-time low was €8.05 on March 23, 2026. Today's high of €15.98 marks a 52-week high and near doubling from the trough.
