
Should SPIE’s New Tesla Megapack Framework Shape Strategy for (ENXTPA:SPIE) Energy Transition Investors?

SPIE has signed a three-year European framework agreement with Tesla to deliver Megapack-based battery energy storage systems across several countries. This deal enhances SPIE's role in the energy transition by integrating large-scale storage into power grids, potentially improving efficiency and scalability. The agreement reinforces SPIE's positioning in grid-scale storage but does not significantly alter its near-term outlook. SPIE's narrative projects €11.9 billion revenue and €475.6 million earnings by 2028, requiring 4.7% yearly revenue growth. The fair value estimate for SPIE's stock suggests a 9% upside to its current price.
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

