Waga Energy S.A (WAGA) | News Based Sentiment Analysis

• On September 18, 2025, EQT completed its acquisition of a 56.48% stake in Waga Energy from its founders and historical investors at a price of €21.55 per share, potentially increasing to €2.15 per share based on future performance. This deal, initially announced in June 2025, led to a 27% jump in Waga Energy’s share price at the time, valuing the company at €534.4 million. The acquisition signals confidence in Waga Energy’s business model and is expected to accelerate its international expansion.
• Following the acquisition, EQT appointed a new Chair for Waga Energy on September 18, 2025, though details about the individual were not disclosed. This leadership change reflects EQT’s intent to actively manage and guide Waga Energy’s strategic direction.
• Waga Energy’s stock showed some volatility around the acquisition completion, trading at €21.60 on September 18, 2025 (+0.47% change) and €21.55 on September 19, 2025 with no change. This slight fluctuation suggests the market is cautiously optimistic about the acquisition’s impact.
• Despite the positive acquisition news, Waga Energy continues to face financial challenges, as highlighted by its trailing twelve-month EPS of -€0.74 and a Debt/Equity ratio of 85.87 as of August 29, 2025. These figures underscore the financial risks associated with the investment, even with EQT’s backing.
• David Agudelo-Romero, External Relations & Business Intelligence Officer at Waga Energy, is scheduled to speak at the European Commission’s “Climate action that works for you” event on September 30, 2025. Registration for this event closed on September 15, 2025, demonstrating the company’s continued engagement with key stakeholders in the renewable energy sector.

The Investment Story: September marked a pivotal month for Waga Energy, culminating in EQT’s acquisition of a majority stake. While the deal provides a significant boost and potential for growth, the company’s underlying financial challenges remain a key consideration.

What It Means for Investors: The EQT acquisition offers a potential path forward for Waga Energy, but investors should remain aware of the company’s ongoing losses and high debt. The acquisition price of €21.55 per share provides a clear exit opportunity for existing shareholders, while the potential earn-out offers additional upside.

Looking Ahead: Investors should monitor EQT’s mandatory tender offer for the remaining shares and track Waga Energy’s performance under new leadership. The company’s ability to leverage EQT’s resources and expertise will be crucial in achieving profitability and sustainable growth.

The Bottom Line: Waga Energy has entered a new chapter with EQT as its majority shareholder. While the acquisition mitigates some risks, the company’s financial health requires continued scrutiny, making it a speculative investment with potential for significant returns.