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The latest announcement is out from SIMEC Atlantis Energy ( (GB:AMP) ).
Ampeak Energy Limited and Econergy International Limited have received formal planning permission for the Afon Wysg 2 (AW2) Battery Storage project at Uskmouth Sustainable Energy Park, marking a significant step in expanding their battery storage capacity. This project, part of Econergy’s extensive UK pipeline, will enhance the UK’s renewable energy transition and represents a substantial increase in Ampeak Energy’s storage capacity, with financial close expected in 2027.
The most recent analyst rating on (GB:AMP) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on SIMEC Atlantis Energy stock, see the GB:AMP Stock Forecast page.
Spark’s Take on GB:AMP Stock
According to Spark, TipRanks’ AI Analyst, GB:AMP is a Neutral.
The overall stock score is primarily influenced by significant financial challenges, including high debt levels and persistent losses. Technical analysis indicates a bearish trend with potential oversold conditions, while valuation metrics reflect ongoing profitability issues. The absence of earnings call data and corporate events further limits positive outlooks.
To see Spark’s full report on GB:AMP stock, click here.
More about SIMEC Atlantis Energy
Ampeak Energy is a global developer, owner, and operator of sustainable energy projects, known for its flagship tidal stream project, MeyGen, and the Uskmouth Power Station site, which is being transformed into one of the UK’s largest battery energy storage sites.
Average Trading Volume: 3,808,695
Technical Sentiment Signal: Hold
Current Market Cap: £16.99M
See more insights into AMP stock on TipRanks’ Stock Analysis page.