Kalera AS - Initiation of coverage - Lofty ambitions
We forecast solid sales growth for the coming years for Kalera, a promising ‘vertical farmer’ of leafy greens in indoor, environment-controlled facilities. After a decade of R&D, the company is on course to have four vertical farms operating by end-2021 and has an aggressive rollout plan for new farms globally. We initiate coverage with a BUY and NOK31 target price.
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.
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