Photon Energy Connects 7.5 MWp Solar PV Power Plant to Grid in Romania
Photon Energy shares have been given a “Buy”-Rating by the renowned German research house Dr.
Kalliwoda Reseach GmbH. In their report, published on 27 November 2013, Kalliwoda back Photon Energy’s new
global strategy and send a clear, positive signal to investors.
Amsterdam, 27 November 2013 – Shares of globalsolar power solutions provider Photon Energy N.V. were highlightedby the independent German research agency Dr. Kalliwoda ResearchGmbH. “Investors have the unique opportunity to back one of themost experienced management teams in this industry (...) at asubstantial discount to its global peers”, the report, titled“Promising play on the solar age” states.
Kalliwoda Research back the new global strategy, which PhotonEnergy’s management presented recently and which focuses ondelivering energy directly to customers and not expanding itsbusiness based on government-run feed-in-tariff schemes. Accordingto the report, the strategy “strikes a good balance between lowrisk and substantial global growth potential that we expect to bereflected in dynamic increases of EBITDA and operating cash flow inthe coming years”.
The report continues to describe Photon Energy as “an attractiveopportunity for investors with a long-term view towards one of thefastest growing industries over the next few decades”. Based onresults for Q3 2013 (which are available on www.photonenergy.com)Kalliwoda research argue that “Photon Energy has reached aninflexion point” and expect revenues to pick up substantially overthe next two years.