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An update from Mast Energy Developments PLC ( (GB:MAST) ) is now available.
Mast Energy Developments PLC announced the acquisition of a 7 MW flexible generation power site in England, aligning with its strategy to acquire existing sites with lower investment costs and quicker income production. The site, which requires minimal upgrades, includes a long-term Capacity Market contract, promising significant guaranteed income, and is expected to be completed by Q4 2025, enhancing MED’s portfolio towards its goal of 300+ MWs.
More about Mast Energy Developments PLC
Mast Energy Developments PLC is a company operating in the energy sector, focusing on flexible generation power sites. The company aims to develop, acquire, and operate sites with 11kV grid connections, which are more profitable due to embedded benefits. MED is pursuing a growth strategy that includes acquiring existing sites, new builds, and AI datacentres.
Average Trading Volume: 481,235
Technical Sentiment Signal: Buy
Current Market Cap: £24.93M
Learn more about MAST stock on TipRanks’ Stock Analysis page.