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Redeye sees good opportunities for Impact Coatings to execute on its growth plan. The Q1 report held rather few surprises, but business activity was high, including the previously announced LoI with Plug Power with the potential to generate significant volumes already in 2023. The rights issue secured ~SEK130m giving Impact Coatings the resources to finance its expansion plans for the coming years. We raise our forecasts and valuation somewhat.
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