Scatec starts Egypt wind build while undervalued narrative gains ground
FROM THE WIRE · FINANCE.YAHOO.COM
Scatec (OB:SCATC) is back in focus after starting construction on the 900 MW Shadwan onshore wind project in Egypt with EDF. The project is supported by a US$150 million equity bridge loan package. Recent moves suggest interest in Scatec is picking up again, with the 1 day share…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStart of 900 MW wind project with financing; stock up but with negative annual performance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Scatec started construction on the 900 MW Shadwan onshore wind project in Egypt with EDF.
- 02Project is supported by a US$150 million equity bridge loan package.
- 03Stock gained 5.53% in 1 day to NOK 104.0 and 9.36% over 90 days.
- 04Year-to-date return is down 3.61% and 1-year total shareholder return is slightly negative.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets