FY17 was a pivotal year for Windar. An order for 300 units towards the year-end helped drive a doubling in revenues and suggests that the wind turbine industry is beginning to adopt its wind measurement technology. We leave our estimates and indicative valuation of 125p/share broadly unchanged, noting the potential for a substantial rise in indicative valuation once management is able to announce that the technology has been designed-in by turbine manufacturers, which is a key catalyst for vo
31 May 2018
Windar Photonics - Technology deployments intensifying
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Windar Photonics - Technology deployments intensifying
Windar Photonics Plc (WPHO:LON) | 44.0 1.8 10.0% | Mkt Cap: 35.8m
- Published:
31 May 2018 -
Author:
Anne Margaret Crow -
Pages:
7
FY17 was a pivotal year for Windar. An order for 300 units towards the year-end helped drive a doubling in revenues and suggests that the wind turbine industry is beginning to adopt its wind measurement technology. We leave our estimates and indicative valuation of 125p/share broadly unchanged, noting the potential for a substantial rise in indicative valuation once management is able to announce that the technology has been designed-in by turbine manufacturers, which is a key catalyst for vo