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GIGA Gigasun AB (publ) News Story

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China's Gigasun Q4 revenue declines on lower tariffs

Overview

China solar PV firm's Q4 revenue fell yr/yr, impacted by lower electricity tariffs

Net income for Q4 improved from last year but remained negative

Company expects lower financing costs to improve future results

Outlook

Company expects lower financing costs to improve future results

Gigasun anticipates cost improvements to offset lower electricity revenue

Result Drivers

LOAN RESTRUCTURING - Lower financing costs from loan restructuring in China expected to improve future results

ELECTRICITY TARIFFS - Adjustments in Jiangsu and Anhui led to an 8% reduction in electricity price per kWh

INSTALLED CAPACITY - Increased installed capacity and production reduced carbon emissions

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSEK 39.90 mln
Q4 Adjusted EPS-SEK 0.30
Q4 Net Income-SEK 17.40 mln
Q4 Operating ExpensesSEK 43.10 mln
Q4 Operating Profit-SEK 3.20 mln
Analyst Coverage Wall Street's median 12-month price target for Gigasun AB (publ) is SEK6.25, about 144.1% above its February 11 closing price of SEK2.56 The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nMFN6dZCLQ For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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