BIT:ENIOil and Gas
Is Eni (BIT:ENI) Undervalued On Its Lithium And Battery Expansion?
Eni (BIT:ENI) has moved further into energy transition projects, starting construction on a lithium iron phosphate battery plant in Brindisi and committing $225 million for a 25% stake in Chile’s Black Giant lithium project.
See our latest analysis for Eni.
Against this backdrop, Eni’s share price has been volatile in the short term, with a 1 month share price return down 9.55% and a 3 month share price return down 13%. However, its year to date share price return of 29.9%, alongside a 1 year...