Mast Energy Developments PLC (GB:QDE)
LSE:QDE
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Mast Energy Developments PLC
(LSE:QDE)
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Rating:42Neutral
Price Target:
3.50 p
â–¼(-15.05% Downside)
Action:N/ADate:01/04/26
The score is weighed down primarily by weak financial performance (ongoing operating losses, negative operating/free cash flow, and higher leverage). Technicals add further pressure due to a strong downtrend, with only mild oversold relief. Valuation provides limited support because losses make P/E less meaningful and there is no dividend yield data.
Positive Factors
Dispatchable flexible generation business
Mast’s core business—development, construction and operation of gas-fired peaking and reserve plants—addresses structural grid needs as renewable intermittency rises. Dispatchable capacity and availability payments create durable demand for its assets, supporting recurring revenues beyond spot price cycles.
Negative Factors
Persistent negative cash generation
Consistent negative operating cash flow and a worsening free cash flow profile force ongoing reliance on external financing. Over the medium term this increases dilution or refinancing risk and constrains the company’s ability to fund construction, maintenance or new project pipelines internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Dispatchable flexible generation business
Mast’s core business—development, construction and operation of gas-fired peaking and reserve plants—addresses structural grid needs as renewable intermittency rises. Dispatchable capacity and availability payments create durable demand for its assets, supporting recurring revenues beyond spot price cycles.
Read all positive factors
Mast Energy Developments PLC (QDE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.07M
Dividend YieldN/A
Average Volume (3M)10.18M
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding223,129,150
10 Day Avg. Volume11,912,818
30 Day Avg. Volume10,182,725
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.78
P/FCF Ratio-0.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mast Energy Developments PLC Business Overview & Revenue Model
Company Description
Quantum Data Energy Plc engages in the manufacture of solar energy components. It operates through the following segments: Bordersley, Rochdale, ADV 001 (Hindlip Lane), ARL 018 (Stather Road), and Pyebridge. The company was founded on September 17...
Mast Energy Developments PLC Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.26M | 737.16K | 341.21K | 1.04M | 2.60K | 0.00 |
| Gross Profit | 111.71K | 295.62K | 117.37K | 257.94K | -239.25K | 0.00 |
| EBITDA | -519.82K | -774.00K | -3.38M | -2.57M | -1.71M | 110.19K |
| Net Income | -1.16M | -1.10M | -3.54M | -2.73M | -1.05M | -238.00K |
Balance Sheet | ||||||
| Total Assets | 3.62M | 4.04M | 2.60M | 4.62M | 7.63M | 2.90M |
| Cash, Cash Equivalents and Short-Term Investments | 148.23K | 146.45K | 252.00 | 132.18K | 1.81M | 258.00 |
| Total Debt | 4.93M | 4.58M | 2.02M | 2.18M | 2.56M | 2.23M |
| Total Liabilities | 5.42M | 5.28M | 2.99M | 2.50M | 3.78M | 2.24M |
| Stockholders Equity | 2.27M | 2.83M | 3.68M | 6.18M | 7.92M | 775.38K |
Cash Flow | ||||||
| Free Cash Flow | -1.57M | -2.87M | -727.13K | -1.70M | -1.93M | -352.81K |
| Operating Cash Flow | -683.24K | -1.23M | -727.13K | -1.28M | -607.75K | -352.81K |
| Investing Cash Flow | -402.44K | -1.15M | 0.00 | -974.35K | -1.44M | 0.00 |
| Financing Cash Flow | 981.91K | 2.53M | 595.19K | 585.50K | 3.50M | 351.31K |
Mast Energy Developments PLC Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
58 Neutral | £22.05M | -1.15 | -68.06% | ― | -60.76% | -230.39% | |
47 Neutral | £30.12M | -1.47 | -203.60% | ― | ― | ― | |
45 Neutral | £101.81M | -2.63 | -35.65% | ― | -58.85% | 55.03% | |
44 Neutral | £2.28M | -0.12 | 102.84% | ― | ― | ― | |
42 Neutral | £3.07M | -1.87 | -45.72% | ― | ― | ― | |
41 Neutral | £16.77M | -2.80 | -87.07% | ― | 3.87% | -160.00% |
* Utilities Sector Average
GB:QDE
Mast Energy Developments PLC
1.38
-7.03
-83.63%
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17.90
6.65
59.11%
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0.38
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GB:PNPL
Pineapple Power Corp PLC
2.74
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0.00%
GB:CPH2
Clean Power Hydrogen PLC
6.00
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4.35%
Mast Energy Developments PLC Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Quantum Data Energy Sets New Pyebridge Revenue Record and Advances Third FlexGen Project
Positive
Feb 3, 2026
Quantum Data Energy has reported record monthly electricity generation and revenue from its fully owned 8.1 MW Pyebridge flexible generation asset in January 2026, driven by strong demand for flexible capacity amid intermittent renewable supply. P...
Business Operations and Strategy
Quantum Data Energy Targets 300MW Platform as It Repositions Around AI-Driven Power Demand
Positive
Jan 30, 2026
Quantum Data Energy has issued a Q1 2026 business update outlining its strategic evolution from a UK-focused flexible generation operator into a modular, data-integrated power platform serving rapidly growing digital and data-led infrastructure de...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Quantum Data Energy Advances Hindlip Power Project and Issues Shares to Settle Legacy Debt
Positive
Jan 13, 2026
Quantum Data Energy PLC reported that its fully funded 7.5 MW Hindlip flexible generation project, developed in partnership with Powertree, has largely completed civil and structural works and is now progressing through the electrical installation...
Business Operations and StrategyFinancial Disclosures
Quantum Data Energy Hits Record Power Output and Revenue as Pyebridge Asset Delivers in 2025
Positive
Jan 6, 2026
Quantum Data Energy PLC reported record full-year electricity generation and revenues from its 8.1 MW Pyebridge flexible generation asset in 2025, with output rising about 71% year-on-year to roughly 10.8 GWh and revenues climbing around 130% to a...
Business Operations and Strategy
Quantum Data Energy Highlights 2025 Progress and Strategy in New CEO Interview and Business Video
Positive
Dec 18, 2025
Quantum Data Energy PLC has released a new interview with CEO Pieter Krügel on Vox Markets, in which he reviews the company’s transformational progress in 2025 and outlines expectations for 2026, offering investors and stakeholders addi...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Quantum Data Energy PLC Reports Transformative Year with Strategic Growth and Expansion
Positive
Dec 16, 2025
In 2025, Quantum Data Energy PLC achieved significant milestones, including a successful £5m equity fundraise that improved its financial position and increased its market valuation to approximately £7m. The company also reported record ...
Business Operations and StrategyFinancial Disclosures
Quantum Data Energy PLC Reports Record Growth in Electricity Generation and Revenue
Positive
Dec 9, 2025
Quantum Data Energy PLC announced a significant increase in electricity generation and revenue from its Pyebridge 8.1 MW flexible generation power asset. For the first 11 months of 2025, electricity generation increased by approximately 71% and to...
Business Operations and StrategyPrivate Placements and Financing
Quantum Data Energy PLC Secures Growth Funding for Flexgen Projects
Positive
Dec 2, 2025
Quantum Data Energy PLC has made significant progress in securing growth funding for its flexible generation power projects and acquisitions of operational flexgen assets. By partnering with Sustainable Investing Solutions, the company plans to ac...
Business Operations and Strategy
Quantum Data Energy Advances Holiday Park CHP Project with Strategic Partnership
Positive
Nov 25, 2025
Quantum Data Energy PLC has made significant progress in its joint venture with Avanti-e Ltd, focusing on developing combined heat and power solutions for the UK’s holiday-park sector. The company submitted a proposal for a 10 MW CHP project...
Business Operations and StrategyFinancial Disclosures
Quantum Data Energy Achieves Record Electricity Sales and Secures Long-term Contract
Positive
Nov 18, 2025
Quantum Data Energy PLC announced a record high in electricity generation and sales at its Pyebridge 8.1 MW flexible generation power asset, driven by strong operational performance and market demand. The company also secured a 15-year Capacity Ma...
Business Operations and Strategy
Quantum Data Energy Expands AI Datacentre Strategy with New Partnership
Positive
Nov 11, 2025
Quantum Data Energy PLC has announced a partnership with Navon World to enhance its AI datacentre power strategy, aiming to develop AI datacentre campuses across the UK and globally. This partnership, alongside Carbon Zero Markets, will leverage e...
Business Operations and StrategyProduct-Related Announcements
Quantum Data Energy Advances Key Power Projects
Positive
Nov 6, 2025
Quantum Data Energy PLC has announced significant progress on its 7.5 MW Hindlip flexible generation power project, which has officially broken ground and is on track for commercial operations by Q2 2026. Additionally, the company is advancing in ...
Business Operations and StrategyProduct-Related Announcements
Mast Energy Developments PLC Rebrands to Quantum Data Energy PLC
Positive
Nov 3, 2025
Mast Energy Developments PLC has announced a rebranding to Quantum Data Energy PLC, reflecting its strategic shift towards becoming a modular, data-integrated power platform. This change aligns with the company’s vision to expand its power a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.