Metacon Ab (METAC) - PURE ENERGY

Here is the new company report from Lucas after the Q3 releases. :slight_smile:

Metacon’s Q3 figures fell short of our expectations, mainly due to lower-than-expected revenue recognition from the Motor Oil project. However, we consider this primarily a timing effect and believe the company continues to move in the right direction with significantly increased order backlog, revenue, and reduced operating loss. Although we have taken a more cautious view on our short- and medium-term forecasts, as the company has not yet secured a new major order as per our expectations, we still believe that the current valuation offers an attractive risk-reward ratio. Thus, we reiterate our Add recommendation but lower our target price to SEK 0.60 (previously SEK 0.70) to reflect the lower forecasts.

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