Ask me later

Ask me later

How likely are you to recommend Redeye to a friend or colleague?

1

2

3

4

5

6

7

8

9

10

Not likely

Very likely

Not likely

1

2

3

4

5

6

7

8

9

10

Very likely

Message received

Thanks again for rating us!

Alelion: Recharged and ready to take on growth opportunities

2020-10-22

07:20

ME

HA

Mattias Ehrenborg

Henrik Alveskog

Redeye resumes coverage of Alelion following the company’s recent rights issue. We keep our base case intact, following a lower WACC, lower near-term estimates and Q4 equity injection. On the business side, we see continuous progress in special vehicles as order intake has improved somewhat despite covid-19. However, with long lead times we do not expect a swift turnaround. Moreover, if additional orders are booked following recent activity – our estimates could see significant upside potential.

Disclosures and disclaimers