[ad_1]
Oslo Stock Exchange ended Wednesday after the first opening, extracted among others by Scatec Solar and Rec Silicon. Thursday, Stolt-Nielsen opens quarterly season
Scatec announced Wednesday that the company had secured projects with a capacity of 47 megawatts in the Mykolaiv region in southern Ukraine.
Pareto Securities estimates that the 75% project and a 51% stake in Scatec, requires an investment of about 60 million crowns from the company. The brokerage agency estimates that between 40 and 50 million dollars can be covered by the contributions of construction activities.
The project moves from pipeline to backlog, which means that Pareto justifies an increase in value of NOK 0.3 per share and recommends a buy recommendation.
The Scatec stock rose 1.98% to 56.7 dollars per share
The rec share rose 10.78% Wednesday to 0.8015 Norwegian krona per share, after falling respectively from 16.59% Monday and 5.3% Tuesday
The company reported Monday a 25% reduction in production at the Moses Lake plant, as well as the end of a hundred people. On Tuesday afternoon, the company announced that Tore Torvund, CEO, had bought 300,000 shares of the company at NOK 0.7015 per share
Otherwise, Stolt-Nielsen Limited opens the quarterly season on Thursday, anticipating a profit of 39, operating $ 47 million. It is likely that special attention will be paid to the company's bunker costs for the chemical tanker during the period, as oil prices have risen significantly since the previous quarter.
Pareto Securities made slightly negative revisions to estimates related to this. The chemical tanker market is currently challenging and in the previous quarterly report, the company said that it is not expecting significant market improvement until 2019 when orders are reduced and the news constructions.
The company's debt statements may also be interesting to follow when CEO Niels G. Stolt-Nielsen said in the latest quarterly report that the debt would decrease in 2018 and 2019.
Stolt Nielsen L & # 39th share ended at 0.16% Wednesday, at 126.4 kroners per share
The main index of the Oslo Stock Exchange finished 0.17% at 879.43 points, traded for 2,685 million crowns.
[ad_2]
Source link
