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TESS Holdings ranks 5th in rising buy predictions among individual investors on Minkabu
TESS Holdings Co., Ltd. <5074> ranked fifth for rising bullish forecasts as of 11:00 a.m. on Monday, according to the "Retail Investor Forecasts (Latest 48 Hours)" compiled by Minkabu.
In Tokyo trading on Monday, shares of TESS Holdings fell for a fourth consecutive session. The company, which designs, constructs, and operates renewable energy power plants, has expanded its earnings on the back of growing renewable energy adoption. In its latest nine-month cumulative results, operating profit rose 34.6% year-on-year to 3.59 billion yen, demonstrating robust performance. The company also projects a sharp increase in full-year profit.
Driven by strong earnings, the stock has been on an upward trajectory, surging from the 300 yen range to the 1,400 yen range since the start of the year. Although the shares have seen a recent pullback, many investors appear eager to buy on dips, fueling the near-term increase in bullish sentiment.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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