.24 Apr 2026 10:51
Not too concerned about TR1s etc, its just the nature of the game, these will iron out over time
But just doing some calcualtions, at 16MW * .45m currently and 40% margin - 7.2m FCF, and at a conservative 10x multiple, thats £72m (you could argue 20-25x considering the longevity and AI boom) vs just £8m?
at 100MW thats 6x higher, they've executed 16MW in just over a month, that's incredible speed and not to mention today's RNS
Plus they model it with 12 month lock ins at premium prices, completely different but i can see an SWC type move forming - with sustainability.
Could easily be the biggest risk reward on AIM, what a turn around.
All in my opinion