In the supply business, PPC with…
Greek Energy Market
July 16th, 2020Terna Energy Announces Sale of 138MW US wind park
July 16th, 2020Τerna 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
Terna Energy: Do Not Apply a Single EBITDA multiple
June 5th, 2020We argue it is not correct to apply a single EBITDA multiple on TEN’s MW
capacity, simply because…contact@researchgreece.com
GEK TERNA (F4T): What Is The Valuation?
January 20th, 2020Further 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
Terna Energy (Coverage Initiation): Know the Cash Flows
May 8th, 2019We feel comfortable enough with RES economics in Greece, but we cannot say the same about…