BUY MBTN SW – Update – Solar powered numbers +11% ABS
*Results last week showed that the solar panels are sold out into 4Q and that earlier disclosed delays getting to full capacity is expected to be sorted by end September which we see as the next catalyst for the stock
*Jefferies reiterates its buy with a price target of CHF 0.8
*We continue to hold the position – our goal is to add to position over time as we have high conviction in the name.
*We see a 100-200% Upside from here
TRADING BUY: MBTN SW – Battered into numbers, remains a cheap renewable
Tuesday • 17 August 2021 • 16:46
*Earnings set for Thursday 19th August
*The company announced last week that its ramp-up of PV module production delayed by few weeks which has caused some weakness the last days along with the market sell-off – we believe this is only a minor set back
*We see a 100-200% Upside from here
Catalysts on our list:
*Tech is 30% better than competitors, Samsung out of the race – valuation extremely compelling with price target of CHF 1
*H2 they started production and the ramp up of this will be the next Catalyst
*Own company forecasts for 5 years values the company at CHF 1.4 – assumes half the current multiples in the sector and their WACC
*Goal is to add to position over time as we have high conviction in the name but not very liquid