Research on Amphion Innovations (AMP:LON) , Ampeak Energy Limited (AMP:LON)  from Longspur Clean Energy

The sale of a stake in Ampeak’s AW1 battery project allows the company to recycle capital towards developing the future pipeline. It underpins the company’s own portfolio valuation of £260/kWh which we would translate to a company-wide portfolio valuation of 6.1p per share. However, this is a pre-construction valuation and our central case assuming projects taken to commerciality now rises to 12.5p from 11.1p as a result of reduced dilution given JBR Energy’s project investment.

View Full Research