OB:SCATCRenewable Energy
Scatec (OB:SCATC) Could Be 27% Undervalued Following Its New Brazil Solar Launch
Scatec (OB:SCATC) has started commercial operations at its 142 MW Rio Urucuia solar power plant in Minas Gerais, Brazil, adding capacity under a 10 year power purchase agreement with Statkraft.
See our latest analysis for Scatec.
The new Brazil project comes after a weaker trading patch, with Scatec’s share price down 4.2% over the past week and 29.9% over 90 days, while the 3 year total shareholder return is positive despite a 55.9% decline over five years.
If this type of renewable build...