Sweden's Orron Energy returns to positive EBITDA in Q3 

Overview

• Sweden renewable energy firm's Q3 revenue from power generation rose year-on-year

• Company reported positive EBITDA for the quarter, compared to a loss last year

• Cloudberry transaction generated gain on sale and strengthened balance sheet

Outlook

• Company expects Nordic power prices to remain elevated over the coming years

• Company expects grid connection decisions for German projects by end-November 2026

• Company sees elevated power prices continuing into 2027 and 2028

Result Drivers

• CLOUDBERRY TRANSACTION - Combination with Cloudberry generated gain on sale, improved financial position and added exposure to Nordic power markets

• KARSKRUV OUTPUT - Increased power generation and higher realised electricity prices from Karskruv wind farm

• GERMAN PROJECT SALES - Initiated sales process for three integrated energy hubs in Germany, combining data centres, solar PV and battery storage

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the independent power producers peer group is "buy"

Reuters Recommended Reads

• Nov 3 - Enlight Renewable Q3 revenue rises 40% on new projects

• Nov 3 - Denmark's Solar Q3 revenue rises on organic growth

• Nov 3 - Germany awards $13 billion gas plant contracts to utilities including LEAG, RWE

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)