Longspur Clean Energy - Ampeak Energy - AW1 Stake Sale Recycles Capital
Research on Amphion Innovations (AMP:LON) , Ampeak Energy Limited (AMP:LON) from Longspur Clean Energy
The sale of a stake in Ampeak’s AW1 battery project allows the company to recycle capital towards developing the future pipeline. It underpins the company’s own portfolio valuation of £260/kWh which we would translate to a company-wide portfolio valuation of 6.1p per share. However, this is a pre-construction valuation and our central case assuming projects taken to commerciality now rises to 12.5p from 11.1p as a result of reduced dilution given JBR Energy’s project investment.
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