Added to YB: 2026-04-27
Pitch date: 2026-04-23
ALENO.PA [bullish]
Enogia SAS
+7.69%
current return
Author Info
No bio for this author
Company Info
Enogia SAS designs and manufactures organic rankine cycle (ORC) in France and internationally. Its ORC systems convert heat into electricity.
Market Cap
EUR 39.5M
Pitch Price
EUR 5.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
33.77
P/E
224.29
EV/Sales
2.96
Sector
Electrical Equipment
Category
growth
Enogia: Turning Waste Heat Into Profit as Orders Explode 4x
ALENO.PA: French ORC micro-turbine maker converting waste heat to electricity. 2025 rev €12.6M (+57% YoY), 1st profitable yr w/ €1.4M EBITDA (11.4% margin), €1.1M FCF. Order book €26.8M (+85% YoY), 2.1x rev. 91% export, Asia dominant. Atlas Copco distribution deal, tripling capacity mid-2026, launching 300kW-3MW pilot 2027 & EaaS model. Turbo 2028 target: €25M rev, 20% EBITDA margin. Risks: €2M convertible bonds dilution, 50-person co scaling fast, revenue lumpiness, 91% export/FX exposure, illiquid micro-cap.
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