Espe S.p.A.
ESPE.MI
Italian Stock Exchange6.00
EUR
+0.02
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Espe S.p.A.
ESPE.MI
(Italian Stock Exchange)
Recent
price
6.00
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Espe S.p.A. (ESPE.MI) specializes in the development, production, and integration of industrial renewable energy systems worldwide, with a primary focus on engineering, procurement, and construction (EPC) services for photovoltaic installations; small-medium wind turbines from 20kW to 100kW under the ESPE brand; biomass cogenerators such as the CHiP50 model with total capacity around 3MW; hydroelectric turbines; custom industrial electrical plants and automation systems; and operation & maintenance (O&M) services including preventive maintenance, performance monitoring, panel cleaning, and vegetation management. The company serves industrial, commercial, residential, and public administration clients, targeting energy efficiency and sustainability with turnkey solutions that reduce CO2 emissions and operational costs; it operates primarily in Italy with international activities in Europe, the UK, Japan, and expansion into the US small wind market. Founded in 1974 and headquartered in Grantorto, Italy, Espe employs approximately 90 staff and 200 supply chain collaborators as of late 2024, with 795 photovoltaic systems installed totaling 670MWp since 2003 and 200 small wind turbines since 2011. Recent developments include its listing on Euronext Growth Milan in 2024 following conversion to S.p.A.; acquisition of a 67% stake in Reflow S.r.l. in July 2024 via transfer of its O&M branch to optimize maintenance services and integrate AI-enhanced video surveillance through Reflow's 40% holding in Brain Room S.r.l.; signing of a binding letter of intent in June 2024 for the full acquisition of Permatech S.r.l. by October 2024 at €1.5 million to internalize permitting for large photovoltaic, agrivoltaic, and BESS projects exceeding 600MW pipeline; purchase of 30% in Soland S.r.l. in January 2025 for €1.41 million with an option on another 40% to bolster EPC for energy efficiency systems; issuance of a €2 million non-convertible bond in November 2025; and strategic partnerships for biomass cogeneration using low-quality sources and project management with Rigoni Lab S.r.l. Through subsidiaries like Reflow and potential integration of Permatech and Soland, Espe enhances its full-service chain from authorization to O&M, reporting a €95.6 million backlog as of September 2024 for completion by mid-2025.