Osuuspankki (OP) published its H1/26 earnings preview for Merus Power today.
In the preview, OP has raised Merus Power’s target price to 5.50 euros (previously 5.00 €) following a stronger-than-expected order intake and improved earnings outlook. The increase is driven in particular by five major energy storage orders, with a total value of 45–50 million euros, as well as significant long-term growth potential in line with forecasts.
The “Accumulate” (Lisää) recommendation remained unchanged.