Expectations for next report22 Jun 2026 14:10
It's been rather quiet recently. So far, this were never bad news so for the time being I'll stay optimistic.
As for the yearly report that should be coming in the next few weeks:
I hope we get some positive updates on Uskmouth BESS AW1 in terms of progess. And a simple "on track" is already something I'll celebrate.
Next I'd kinda expect something around Mey BESS. I kinda thought there will be an RNS by now.
Last but not least: AW2 - some news on funding would be great.
I do not expect a lot for MeyGen at this point in time. Until the government does not support the technology in a way that makes it attractive for more private investments, I do not really expect the needle to move here. So that project is for me "on hold" for now. Something that could potentially uplift the valuation at some point, but it's optional. BESS is what dictates everything for the time being.
One very important thing: Potential upcoming dilution. I really hope that management is able to stretch the runway until AW1 operates. If they have to dilute at this level, everyone is going to feel lit. Once AW1 is priced in, which it simply isn't at this point in time, raising money shall not be painful anymore. I'm only talking about operating cost here. Projects like AW2 will quite surely be project-level funded, I presume.