RE:RE:World's largest-Dogger BanksA long -term approach for this company. Analysts agree-- BMO Sept 8th Globle and Mail.
We remain bullish on the shares as the planned capex investment will ultimately result in significantly higher adjusted EBITDA in the 2026/27 time frame (40 to 45 per cent vs. 2023 levels). Also, we believe that upcoming expected financial close of Hai Long and Baltic Power before the end of 2023 could improve visibility to future growth, relieve the lingering funding overhang, and drive relative valuation expansion.