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Until this point, the progress of signing firm deals has been below our expectations and we expect to make significant downward estimate revisions for the coming years. As an effect of the adjustment, we also expect Azelio to need another capital raise in the area of SEK 300-500m, which Azelio confirms in the report. All in all, this entails a reduced base case valuation.

Lähde: Finwire News

Azelio is a Swedish company in the game of changing the future of solar energy. A Swedish Stirling manufacturer, already a leading supplier of Stirling engine-based renewable energy solutions, we now put an even greater focus on distributed and dispatchable solar electricity.