European breakthrough for Chinese OEM

Renewable Weekly – 28 June 2024

This week, we highlight our recent case refresher on CADLR.

Renewable Weekly – 14 June 2024

This week, we look at the effect of AI/data centres on power demand.

Renewable Weekly – 6 June 2024

On aggregate, the R&C stocks outperperformed the MSCI Nordic by ~1% throughout the reporting season (16 Apr to 6 Jun).

Deep value

Transaction value ~NOK 65/share. Earnings momentum from Q2'24 - first vessels in operations. Attractive valuation - BUY, TP of NOK 65 (55)

IWS strikes a great deal post close today

Renewable Weekly – 23 May 2024

This week we highlight the tight offshore wind transport and installation (T&I) segment.

Renewable Weekly – 15 May 2024

This week, we take a preliminary look at Vestas' Q2 announced order intake quarter to date.

Renewable Weekly – 8 May 2024

This week, we look at key takeaways from GWEC's 2024 Global Wind Report.

Renewable Weekly – 29 April 2024

This week, we summarise our Q1 previews for the sector.

Renewable Weekly – 22 April 2024

This week, we're taking a closer look at Ørsted. Despite challenges in the last few years, we now argue Ørsted is back on the right path. We rate the stock a BUY, and set a 12-month TP of DKK 450/sh.

NY pulls 4GW offshore wind on GE turbine downsizing

Renewable Weekly – 12 April 2024

This week , we provide some insight into the marginal pricing of electricity markets in Europe, as well as calculation details and a simple calculator where investors can enter their own assumptions.

Renewable Weekly – 4 April 2024

This week, we take a look at cost developments in the offshore wind supply chain.

Renewable Weekly – 27 March 2024

Of our basket of 41 stocks, returns were positive for 33 and negative for 8 over the week. Median performance 4.1%, average 9.9%. Sub-sectors: Wind (3%), Solar (7%), Hydrogen (7%), Cleantech/other (2%).

Renewable Weekly - ​21 March 2024

This week we highlight the offshore wind auction for Sørlige Nordsjø II (SNII). The winning bid was from the consortium Ventyr (Parkwind and Ingka Investments) at a price of NOK 1.15/kWh.

Renewable Weekly – 11 March 2024

This week, we take a look at the new rules for deposit return systems in EU, following a provisional political agreement between the European Council and European Parliament representatives last week.

Renewable Weekly – 4 March 2024

On aggregate, the R&Ct stocks underperformed MSCI Nordic by ~13% throughout the season (26 Jan to 4 Mar)

The show is about to begin

First vessels to start production in mid-March, three more in 6-9m. With vessels come earnings. Attractive valuation - BUY, TP of NOK 55 (50).

Renewable Weekly – 27 February 2024

This week, we would like to highlight one of our key long ideas in the sector: Volue (BUY, TP 31.5), which is a Norwegian technology company.