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

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.

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,...

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) - 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.

1 director maiden bought

A director at Scatec Solar Asa maiden bought 4,000 shares at 58.410NOK and the significance rating of the trade was 68/100. 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 name...

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

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...

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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