Scatec Solar ASA

Scatec Solar ASA is a Norway-based integrated independent solar power producer. It develops, builds, owns, operates and maintains solar power plants, and has several projects under development in Africa, the United States, Japan, Brazil the Middle East and Europe. The Company has three operating business segments: Power Production (PP), Operation & Maintenance (O&M), and Development & Construction (D&C). The PP segment comprises the Kalkbult and Linde plants in South Africa, the ASYV plant in Rwanda and four plants in the Czech Republic. The O&M includes services provided to solar power plants in which Scatec Solar participates or to third party plants constructed by the Company. The D&C comprises development activities as well as construction of solar power plants developed by Scatec Solar.
  • TickerE:SSOL
  • ISINNO0010715139
  • ExchangeOslo Bors
  • SectorAlternative Energy
  • CountryNorway

Analysts

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ValuEngine Industry Report for Solar

ValuEngine Industry Report for Solar

Eivind Sars Veddeng

Scatec Solar (Buy, TP: NOK100.00) - On the bright side of life

We initiate coverage with a BUY recommendation and a NOK100 target price as we like Scatec Solar’s position and solid experience in fast-growing emerging solar power markets. We estimate that proportionate EBITDA is set to grow from NOK961m in 2018 to NOK1.8bn in 2021, leaving further potential upside from continued growth, diversification, and higher dividend distributions.

Eivind Sars Veddeng

Scatec Solar (Buy, TP: NOK100.00) - Construction progress in focus

We are in line with Q1 proportionate consensus EBITDA as we forecast NOK364m, up c230% YOY driven by Power Production (PP) and D&C. We like Scatec Solar’s green growth profile and expect focus during the presentation to be on construction progress and new growth opportunities to reach the company’s 3.5GW target. We reiterate our BUY and NOK100 target price.

Eivind Sars Veddeng

Scatec Solar (Buy, TP: NOK100.00) - Progressing nicely

In an active quarter, Scatec Solar has grid-connected 195MW, added 148MW to the backlog and signed a 485MW framework agreement. Ahead of the Q2 results, we forecast proportionate EBITDA to grow by 26% YOY to NOK335m and see potential upside to consensus, should the company continue to deliver on its growth ambitions. We retain our BUY and NOK100 target price

Eivind Sars Veddeng

Scatec Solar (Buy, TP: NOK100.00) - Strong growth continuing

We consider the Q2 results to be fairly neutral, but are encouraged by the strong growth and the company delivering on its strong growth pipeline, which is increasing. We have added Bangladesh and Vietnam to the backlog. We reiterate our NOK100 target price and our BUY recommendation. The stock is trading close to our NOK100 target price but we view the upcoming CMD as a potential trigger.

Eivind Sars Veddeng

Scatec Solar (Buy, TP: NOK125.00) - Releasing its potential

We consider the CMD a positive event with higher growth targets and the introduction of Release. The lower IRR guidance seems to be partially explained by lower risk in our view and we now factor in 4.5GW assets in operation and under construction by 2021 and 1GW of growth p.a. thereafter. We reiterate our BUY and have lifted our target price to NOK125 (100).

1 director sold

A director at Scatec Solar Asa sold 65,000 shares at 89.530NOK and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Eivind Sars Veddeng ...
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Jon Masdal
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Christer Magnergård
  • Eivind Sars Veddeng
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn

Northern Lights

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

SCATEC SOLAR loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of SCATEC SOLAR (NO), active in the Renewable Energy Equipment industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date September 20, 2019, the closing price was NOK 118.90 and its potential was estimated at NOK 124.85.

ValuEngine Industry Report for Solar

ValuEngine Industry Report for Solar

Expert Corporate Governance Service (ECGS)

Scatec Solar - AGM 30 April 2019

In general, Scatec Solar is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 9a, shareholders are called to an advisory vote on the remuneration policy. Although ECGS considers the aggregate level of executive compensation fairly moderate, it does not approve of long-term incentive plans that do not operate one or more challenging performance conditions. ECGS therefore recommends to vote OPPOSE. Under ITEM 9b, the Board of Directors seeks approval of a (restricted) stock option plan. As already mentioned above,...

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