RE: Handelsbanken analysisThey fail to consider share dilution. They say $1.3 B Capex. Even if 70% is via debt, that leaves $400MM via equity. At current prices, that's another 160MM shares, or about 150% dilution. Lots of value destroying dilution to come.
And their idea that the limited news this year will generate 200% upside is a very dubious assumption.