Short - no substanceLand based windmills have all but been banned in Norway, This company has based its existence on building land based. While they have started to think about idea of going offshore - they are miles behind the competition. As to their hydro production and wind combined they manage to lose money at the peak of electricity prices during the Norwegian/European power-crises this year. If you cannot make money at record high sales price and still have a massive investment program required to go "online" offshore - there is little hope for the baseline going forward. As to their runway - 99% guaranteed to be in water-down effect (pun intended) as to ownership of shares and coming capital requirement. If the big boys can't do it - why buy a small under-capitalized company with an even lessor management team onboard. Short target 13 NOK.
CLOUDO trade ideas
Cloudberry to the clouds?Ride the green wave they say, this green gem cloud_me currently trading on m-market might just be a ticket for the ones who got on the green train too late. A pattern and a pathway is soon establishing. By the looks of it, a bullish pennant or bull flag, maybe a bit too early to see. Read a little here about it www.cloudberry.no make up your own mind but clean wind and clean water energy is thumbs up at the moment. Also, with electricity currently at rock bottom price this looks juicy!