Arise: Leaves an eventful 2023 for a potentially prosperous 2024 - Redeye
Redeye updates its estimates and fair value range following Arise’s Q4 2023 report. The report, which was softer than expected due to higher-than-expected costs, managed to generate 58% EBITDA growth, and the board proposes a 20% dividend increase. The project portfolio looks greater than ever, and Arise targets one project sale in 2024. Furthermore, production capacity is set to increase by nearly 30% pa as 33MW project Lebo goes live in Q1 2024. With nearly SEK1bn in cash on hand, we would not be too surprised to see Arise performing some M&A during the year.
Länk till analysen i sin helhet: https://www.redeye.se/research/980785/arise-leaves-an-eventful-2023-for-a-potentially-prosperous-2024?utm_source=finwire&utm_medium=RSS