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TLDR: GreenSome Finance has initiated coverage of STIF’s stock, a French company specializing in explosion protection. In a study titled “Best of the BESS,” GreenSome Finance recommended buying the stock with a target price of €12.73, representing a potential upside of 79% compared to its closing price on February 9, 2024. STIF aims to become a leader in the explosion protection sector through diversification and expansion.

STIF, founded in 1984, designs, manufactures, and markets industrial equipment for niche markets. Originally focused on handling equipment for bulk products, the company has expanded its offerings to include passive protection against the risk of industrial dust explosions and explosion protection for battery energy storage systems (BESS). With 189 employees and production facilities in France, Asia, and soon the USA, STIF aims to capitalize on the growth of the renewable energies market and become a leader in the sector.

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