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The latest announcement is out from SIMEC Atlantis Energy ( (GB:AMP) ).
Ampeak Energy has successfully secured the final tranche of a £8.5 million loan from Cardiff Capital Region, following planning permission and the expiry of the Judicial Review period for its AW2 battery storage project. This funding will enable Ampeak Energy to accelerate its pipeline of battery storage projects, enhancing its position in the sustainable energy sector and potentially benefiting stakeholders by advancing its strategic goals.
The most recent analyst rating on (GB:AMP) stock is a Hold with a £3.00 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 heavily influenced by the company’s poor financial performance, characterized by high debt and persistent losses. While technical indicators show some positive momentum, overbought signals suggest caution. The negative P/E ratio and lack of dividend yield further weigh down the stock’s attractiveness.
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. The company owns the world’s flagship tidal stream project, MeyGen, and the Uskmouth Power Station site, which is being transformed into a sustainable energy park, poised to become one of the UK’s largest battery energy storage sites.
Average Trading Volume: 2,766,901
Technical Sentiment Signal: Buy
Current Market Cap: £22.05M
See more data about AMP stock on TipRanks’ Stock Analysis page.