Capital Goods Norwegian Community

In my view, the share still looks attractive. The upside is not dramatic, but neither is the downside at current levels (price currently NOK 16.38).Read more

Catalysts Structural market tailwinds: Offshore wind installations are projected to grow from approximately 8 GW in 2024 to 34 GW by 2030 (28% CAGR), supported by strong policy initiatives in the EU, U.S., and China targeting over 400 GW of capacity. Source.Read more

Q1 2025 Update Very weak quarter both in terms of order intake 142 mUSD (also including about 30 mUSD for "as a service" orders) vs 182 last Q!, no implications for long term valuation. No need to rush in to this stock.Read more

Key Takeaways Market optimism may be overestimating sustained revenue and margin growth, ignoring uncertainties in demand, political shifts, and execution challenges on backlog conversion. Rising regulatory scrutiny and potential budget shifts toward sustainability could dampen long-term defense order flow, compressing margins and restricting earnings growth.Read more

Catalysts Industry Tailwinds: Continued global demand for wastewater treatment driven by urbanisation, water scarcity, and stricter environmental regulations. A rising focus on circular economies that value resource recovery from organic waste.Read more

Key Takeaways Rising financing costs, supply disruptions, and increased competition threaten Bonheur's margins and earnings stability across core wind and infrastructure projects. Operational, technical, and technological pressures risk unpredictable cash flow, higher costs, and possible long-term competitive disadvantage.Read more

Key Takeaways Tomra's advanced technologies and local adaptation advantage position it for outsized growth and margin gains as deposit return schemes and automation accelerate globally. Expansion into high-margin, recurring revenue streams and rising demand for sustainable materials uniquely position Tomra for sustained long-term earnings growth.Read more

Key Takeaways Aggressive cost reductions and maintained production capacity position Hexagon Purus for rapid margin improvement and earnings rebound as market demand recovers. Portfolio diversification, strategic partnerships, and favorable policy shifts create multiple pathways for sustained revenue, recurring cash flow, and increased market resilience.Read more

Key Takeaways Market optimism may be overestimating sustained revenue and margin growth, ignoring uncertainties in demand, political shifts, and execution challenges on backlog conversion. Rising regulatory scrutiny and potential budget shifts toward sustainability could dampen long-term defense order flow, compressing margins and restricting earnings growth.Read more