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TECO 2030 - Q2 Review – Postponed Ramp-Up

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TECO 2030 - Q2 Review – Postponed Ramp-Up

2023-09-18 08:00:00

Redeye updates its estimates on the back of TECO’s Q2 report which showed progress on the project pipeline, most recently by signing a large deal with PGS. Despite the very large and promising interest, we push forward our projected sales ramp up, as the company now targets automated production start late 2024 vs. previously Q2’24. Our changes entail a reduced base case valuation.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/