NuWays initiates Ebro Motors with Buy, sets EUR 14.50 price target
Bitget2026/10/12 07:01- NuWays initiated coverage of Ebro EV Motors with a BUY rating, setting a 12-month target price of EUR 14.50.
- Report highlights a Barcelona Zona Franca manufacturing base tied to a joint venture with Chery, providing platforms and electrified powertrains.
- NuWays cited about 2.2% Spanish market share in 9M 2026, driven by SUV launches and early private-buyer, rent-a-car demand.
- Forecast calls for Spanish share rising to about 2.7% by 2030, supported by a 2027 urban BEV launch.
- Valuation assumes 9.9% terminal EBIT margin, 2% perpetual growth, about 10% WACC, factoring expected equity funding dilution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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