Windar Photonics (WPHO)

Business description

Windar Photonics is a Copenhagen-based developer and manufacturer of an innovative, low-cost light detection and ranging (LiDAR) system. Approaching wind direction and speed is measured ahead of a wind turbine, allowing appropriate yaw alignment.

Engagement with OEMs intensifying

Flash note | Alternative Energy | 04/01/2018

Following the announcement of a transformational contract on 4th December, Windar Photonics issued two announcements later in the month regarding orders related to wind turbine OEMS. Although neither order was of the scale of the earlier transformational contract which was primarily for retrofitting turbines already in the field, they demonstrate the interest OEMs are showing in the technology, which will potentially lead to strong growth in future. We will update our estimates following the pending pre-close trading update.

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Stock data

Market cap.£42.6m
Last close102.000p
High / Low (52 weeks)110.0p / 68.5p
Stock market listingLN
Forecast net cash (€m)1
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAlternative Energy

Price performance

%1m3m12m
Actual10.316.616.6
Relative *4.020.214.6

* % Relative to local index

Company news