Greek Energy Market
In the supply business, PPC with…
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Terna Energy Announces Sale of 138MW US wind park
Τerna Energy announced the sale of its 138MW Mountain Air wind park in the US to Innergex Renewable Energy (Canada); after reading the press releases from both companies, we are re-sending our June 5 update on the stock, adding the following points…contact@researchgreece.com
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Terna Energy: Do Not Apply a Single EBITDA multiple
We argue it is not correct to apply a single EBITDA multiple on TEN’s MW capacity, simply because…contact@researchgreece.com
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GEK TERNA (F4T): What Is The Valuation?
Further upside requires using discount rates <6% and/or new projects (concession, RES) not yet tendered. We conclude it makes more sense to own…contact@researchgreece.com
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Terna Energy (Coverage Initiation): Know the Cash Flows
We feel comfortable enough with RES economics in Greece, but we cannot say the same about…