Allowing for delay-driven H1 losses TARGET CHANGE CHANGE IN TARGET PRICE€ 0.21 vs 0.34 -38.5% The small new energy group is suffering from further delays to fine-tune its power generation technology. This implies continuing refinancing concerns that have sent the share price down in a negative spiral. We have allowed for higher dilution compared to the previous scenario. As a reminder, Europlasma may use its existing majority control of the power generation business to raise cash at this
21 Nov 2018
Allowing for delay-driven H1 losses (Europlasma)
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Allowing for delay-driven H1 losses (Europlasma)
Allowing for delay-driven H1 losses TARGET CHANGE CHANGE IN TARGET PRICE€ 0.21 vs 0.34 -38.5% The small new energy group is suffering from further delays to fine-tune its power generation technology. This implies continuing refinancing concerns that have sent the share price down in a negative spiral. We have allowed for higher dilution compared to the previous scenario. As a reminder, Europlasma may use its existing majority control of the power generation business to raise cash at this