Management highlight that they are seeing rising freight and raw material prices as well as turbine delivery delays, which may impact the size of the final project payments, but foremost the timing. On the positive side, Arise has started its market development in UK and signed an exclusively agreement with landowners on solar power development in UK, where they are in an initial phase of conducting studies for a 30 MW project.
Final thoughts and conf call details
The stock has been weak recently (-30% L3M) and is currently trading at 15.3x ‘21e EV/EBIT, which comes down to 1.5x ‘23e EV/EBIT due to extraordinary revenue recognition that year. More information is expected at Arise’s conference call at 11:00 CET today. Dial-in details: SE: +46850558353; UK: +443333009267. A live stream can be followed at: https://tv.streamfabriken.com/arise-q2-2021
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