OP reiterates ADD recommendation and lowers target price to 15.50 (prev. 16.00).
With the headline “Growth will soon turn profitable as well”.
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Kempower’s customer, EVERGREEN, has been featured on French morning television to showcase their newly opened heavy-duty vehicle charging hub. Two stations have been opened, with 14 more planned or under construction. The goal is 60 stations by 2028. This is what they should look like. Charging spots can be reserved in advance, and large displays show the charging status of the trucks.
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Well well well.. Look what was spotted at the ACT Expo?
The US-based “Greenlane” (Milence) was at the expo alongside a Kempower charger. This is a very ambitious project by Daimler, NextEra, and BlackRock, aiming to build a nationwide charging network in the United States for Class 8 trucks. Up until now, we have only seen Alpitronic chargers at their charging hubs.
At the 10:30 mark, it is confirmed that Kempower is one of the MCS (Megawatt Charging System) charger suppliers:
So, the foot is very firmly (at least up to the knee) inside the US MCS market. 
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Can this also be interpreted as:
a) engaging employees and key personnel (through shares)
b) increasing company value (by repurchasing treasury shares)
c) the company being bought out and delisted from the stock exchange by a suitable party
The reason I am pondering this is that, as a retail investor, I would like to find at least one company that grows/produces significant returns over the long term, spanning several years. In addition to capital appreciation, I would enjoy a long-term growth story and being part of it.
A sudden 70% increase in value and being forced to give up holdings prematurely against one’s wishes seems to be the current trend with these relatively small, promising Finnish companies.
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Kemppi Group seems like a very long-term principal owner (61.93% of shares). There is absolutely nothing on the horizon suggesting that Kempower would be bought out. Certainly not at these prices, and personally, I don’t believe it would happen at any other price either.
It sounds like you have found the company you’re looking for. 
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These two. This was asked at the Annual General Meeting (AGM), and it is a perfectly normal operating procedure. No actual share buybacks have even been planned, but these must still always be agreed upon at the AGM in case any situations arise during the following year.
PS. Antti Kemppi was chatting cheerfully with shareholders after the meeting. He seemed very satisfied with Kempower’s progress. 
The factory tour after the meeting was also excellent! It’s definitely worth going if the timing works for you! The employees were super nice and in a great mood. Thanks to Kirsi and Kempower for the arrangements!
Personally, I read between the lines that things are going well and the pace is only accelerating. I increased my holding today with confidence.
PS. At the factory, there were a bunch of familiar customer colors waiting for their products, so the situation here in Finland isn’t completely dead either. 
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CEO’s review from yesterday’s Annual General Meeting! 
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Three more stations opened. More to come:
“Look for more Jacksons sites to go live in California, Idaho and Washington over the next few months.”
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It seems worth selling whenever the share price is over €15 and buying back at a €13 price point.
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Yesterday’s Blink Q1 report included a vision of their future. Kempower is featured in half of the images. 
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This is somewhat related to what I was reflecting on earlier.
If and when the majority owner is determinedly building a valuable, long-lasting company (part 2) and the market valuation follows what’s in the pipeline with a slight delay, it would seem—using common sense—to be a quite justified idea that the backers might actually acquire the entire company for themselves before the actual growth phase begins.
This is just the perspective of a novice retail investor.
Why would the Kemppi family have taken the company public only to buy it back a couple of years later at a higher price?
It sounds like you aren’t familiar with the company’s history, and you are also making some rather bold assumptions.
The ”actual growth phase” has already been going on for a long time, even though there was a setback in terms of sales and returns in between. A book has even been written about this; the former CEO describes how Kempower tripled and then tripled again a couple more times (or something to that effect).
Kempower is a company whose valuation has often been significantly ahead of itself, and then collapsed. Perhaps at this point, it’s worth reminding that even spectacular business success does not necessarily lead to a straightforwardly rising share price. For example, I made my biggest investment mistakes (so far) with this company in 2023 when I failed to account for this fact.
Therefore, I consider the concern (which you have expressed in several messages) that the company is leaving the stock exchange to be unnecessary. We cannot know for certain if Kempower is a good investment at the current price, but I am personally quite sure that (referring to your previous message) one can get involved in a long-term growth story here for many years to come.
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