Report
Helene Kvilhaug Brøndbo
EUR 87.46 For Business Accounts Only

Cloudberry Minor model adjustments

We have updated our Q1 proportionate EBITDA forecast to NOK76m, based on 196GWh quarterly power production. We do not consider these changes to be material, and we have not changed our BUY recommendation. We reiterate our NOK13.5 target price. The Q1 report is due at 07:00 CET on 13 May.
Underlying
CLOUDBERRY CLEAN ENERGY AS

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Helene Kvilhaug Brøndbo

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