TECO2030 Q1’23: Operational Progress - Redeye

Redeye comments on TECO2030’s Q1-report, where we see that the company is progressing well operationally. Most notably by successfully finalizing the procurement of all the necessary components for its first FCM400 system and starting small-scale manual production. For now, we make no adjustments to our forecasts but view that TECO must add to its project pipeline to meet our financial expectations for FY23. Our valuation range remains intact.

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