We initiate coverage of 1414 Degrees ltd. (ASX: 14D, “14D”) with a risked target valuation of A$0.175/sh, offering 303% upside from the current share price. 14D is an industrial technology company aiming to deliver decarbonised high-temperature heat energy which can displace the burning of fossil fuels across multiple applications. Industrial heat accounts for ~20% of global energy-related CO2 emissions, often involving “hard-to-abate” processes, making the sector a high-priority for innovative ....
