Ripasso Energy Exciting times ahead
Q4 was uneventful in our view but we anticipate several potential catalysts during H1 2019. We estimate a cash position of cSEK83m in Q1 2019 following the planned convertible bonds issues, which in our view should be sufficient until mid-2020. All in all, Ripasso Energy is delivering on its plan and we keep our 2019–2020 EBIT estimates essentially unchanged and maintain our fair value of SEK10–15 per share.Swedish Stirling AB, formerly Ripasso Energy AB, is a Sweden-based clean tech company active in the energy industry, which aims to convert heat energy to electricity. The company offers a variety of solutions enabling power generation. Its engine can handle a wide range of fuels, such as industrial residual and flare gases and convert them into electrical energy.
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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