Q4 volumes fell short of expectations as volumes were shifted to Q1 owing to a delayed start-up of the VAP plant. The trading update was positive in our view on the back of i) supportive prices with an outlook of stable retail prices for full phase 1 production and ii) a favourable JEA development, demonstrating phase 1 capacity. We have not made any material estimate changes beyond 2020 and stick to Buy while raising our target price to NOK 175 (160).
07 Jan 2021
Supportive prices and biomass development
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Supportive prices and biomass development
Atlantic Sapphire ASA (ASA:OSL) | 0 0 0.0%
- Published:
07 Jan 2021 -
Author:
Thomas Lorck | Axel Jacobsen -
Pages:
13
Q4 volumes fell short of expectations as volumes were shifted to Q1 owing to a delayed start-up of the VAP plant. The trading update was positive in our view on the back of i) supportive prices with an outlook of stable retail prices for full phase 1 production and ii) a favourable JEA development, demonstrating phase 1 capacity. We have not made any material estimate changes beyond 2020 and stick to Buy while raising our target price to NOK 175 (160).