HLSE:UPMForestry
Ultracapacitor Launch Could Be A Game Changer For UPM-Kymmene Oyj (HLSE:UPM)
Last week, UPM-Kymmene received an upgrade from Morgan Stanley to Overweight, with the investment bank highlighting the company's strong cash flow, decade-low capital expenditure requirements, and long-term growth prospects in pulp, biofuels, and biochemicals.
The upgrade also followed UPM Energy's announcement that its six-megawatt ultracapacitor at the Kuusankoski hydropower plant is now operational, further expanding the company's capabilities in fast, emission-free energy balancing.
We...