Arise Q2 2024 Preview: Weaker-than-expected spot prices but favourable price hedges - Redeye
Redeye updates its estimates ahead of Arise’s Q2 report, which is due on 17 July. The quarter showed lower market prices for electricity than expected, which has a negative effect on our Q2 estimates. However, Arise has hedged around 25% of our expected Q2 production at favourable prices, which mutes this negative effect. Furthermore, we expect a significant production contribution from the new wind farm Lebo, as well as revenues from ongoing constructions plus the earn-out payment from the finalised project Ranasjö- and Salsjöhöjden in the development segment. The estimate changes do not affect our fair value range or base case.
Länk till analysen i sin helhet: https://www.redeye.se/research/1021397/arise-q2-2024-preview-favourable-price-hedges?utm_source=finwire&utm_medium=RSS