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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 39.90 mln
Q4 Adjusted EPS
-SEK 0.30
Q4 Net Income
-SEK 17.40 mln
Q4 Operating Expenses
SEK 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
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(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.)