TECO2030 Q2 2023: First Impression - Redeye

Redeye comments on TECO2030’s Q2-report, where we see that the company is progressing with several projects and partners. The company’s progress in securing new firm deals has so far been below our expectations, even if the quoted interest is very extensive and promising. We also note that the company has not yet secured financing, which is now starting to become imminent. Following the report, we expect to reduce our projected growth curve and base case valuation.

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