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MarketScreener Homepage  >  Equities  >  Warsaw Stock Exchange  >  KGHM Polska Miedz SA    KGH   PLKGHM000017

KGHM POLSKA MIEDZ SA

(KGH)
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Warsaw fund, Chinese company announce solar power deal

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09/04/2019 | 08:25am EDT

WARSAW/KRYNICA ZDROJ (Reuters) - A unit of Warsaw-based private equity fund NeoInvestments and China Sinology Electric Engineering announced a plan on Wednesday to build 600 (megawatts) MW capacity by 2021 in what they called Poland's biggest photovoltaic power station.

A day earlier Poland's state-run copper producer KGHM and energy group PGE said they would work together on new solar projects that might total at up to 500 MW by 2023, costing around 3 million zlotys ($764,000) per 1 MW.

"(The) event is another step towards Poland's implementation of goals related to the increase in the share of renewable energy sources in final energy consumption, as well as the development of a low-carbon economy, where photovoltaics plays one of the leading roles," Deputy Energy Minister Krzysztof Kubow said on Tuesday.

This would be part of PGE's plan to have 2.5 GW in solar energy by 2030.

(Reporting by Aleksandra Modrzejewska and Wojciech Zurawski; Writing by Agnieszka Barteczko; editing by David Evans)

Stocks mentioned in the article
ChangeLast1st jan.
KGHM POLSKA MIEDZ SA -0.54% 81.38 End-of-day quote.-7.52%
LME COPPER CASH 0.23% 5758.5 End-of-day quote.-1.38%
PGE POLSKA GRUPA ENERGETYCZNA SA -2.04% 8.65 End-of-day quote.-13.50%
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Financials (PLN)
Sales 2019 22 915 M
EBIT 2019 3 196 M
Net income 2019 1 934 M
Debt 2019 7 029 M
Yield 2019 -
P/E ratio 2019 8,02x
P/E ratio 2020 7,15x
EV / Sales2019 1,02x
EV / Sales2020 1,01x
Capitalization 16 316 M
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Mean consensus SELL
Number of Analysts 13
Average target price 83,20  PLN
Last Close Price 81,58  PLN
Spread / Highest target 34,8%
Spread / Average Target 1,99%
Spread / Lowest Target -41,2%
EPS Revisions
Managers
NameTitle
Marcin Chludzinski Chief Executive Officer
Dominik Hunek Chairman-Supervisory Board
Katarzyna Kreczmanska-Gigol Chief Financial Officer
Boguslaw Szarek Secretary & Member-Supervisory Board
Leszek Hajdacki Member-Supervisory Board
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