|Bid||0.0000 x 800|
|Ask||0.0000 x 1000|
|Day's Range||1.0700 - 1.0900|
|52 Week Range||0.5900 - 3.1900|
|Beta (3Y Monthly)||3.27|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VivoPower International PLC (VVPR) (“VivoPower” or the “Company”), an international solar and critical power services company, is pleased to announce that it has sold its remaining Sun Connect portfolio of 53 operating solar projects spread across five Australian states for US$1.1 million. VivoPower originally acquired the Sun Connect portfolio of 68 commercial and industrial sites totaling 1.6 MW in December 2015 and individual projects have been sold in the intervening period. Over the life of the Company’s investment, the sale represents a 2.0x multiple of invested capital and an unlevered IRR of 20.1% before tax. The Company would also like to announce that its Australian critical power services business, J.A. Martin Electrical Pty Limited (“J.A. Martin”), has won two additional contracts for solar farm construction worth US$3.0 million. This represents their third and fourth major contracts for construction of solar projects in the past year and confirms that their intentional strategic shift to pursue the expanding solar EPC market in Australia is beginning to pay dividends.
VivoPower International PLC (VVPR) (“VivoPower” or the “Company”), an international solar and critical power services company, today announced its financial results for the year ended March 31, 2019. “Fiscal 2019 has seen a significant improvement in results for VivoPower, reflecting a strong turnaround in performance during the second half of the year,” said Art Russell, VivoPower’s Interim Chief Executive Officer. “We are particularly pleased with the performance of our critical power services businesses, which have strongly outperformed, delivering 28% year-over-year growth in revenue (excluding currency changes).
VivoPower is an international solar and critical power services business, providing critical energy infrastructure generation and distribution solutions to a diverse range of commercial and industrial customers, including the development, construction, and sale of photovoltaic solar projects.
VivoPower International PLC (VVPR) (“VivoPower” or the “Company”), an international solar and power services company, is pleased to provide an update on the status of its US solar portfolio sale. In addition, the Company has secured a power purchase agreement (“PPA”) for one of its projects and has started to engage with large corporates with a view to securing additional PPAs directly. The Company would also like to announce that its Australian power services businesses, Kenshaw Electrical Pty Limited (“Kenshaw”) and J.A. Martin Electrical Pty Limited (“J.A. Martin”), have won additional contracts relating to solar farms and data centers worth US$22.6 million.
VivoPower International PLC (VVPR) (“VivoPower” or the “Company”), an international solar power company, today announced it has received letters of intent in relation to the purchase of a number of its solar projects with a total power generation capacity of 103MW from its 1.8GW DC U.S. solar development joint venture portfolio. It is expected that this first sale from the portfolio will be completed by the end of March 2019. VivoPower is progressing with negotiations on the sale of the entire portfolio as well as other individual projects. VivoPower also announced that the Company’s New York based Chief Executive Officer (“CEO”), Carl Weatherley-White, has resigned from the Company. Art Russell, currently Chief Financial Officer of VivoPower will assume the role of Interim CEO.
VivoPower International PLC (“VivoPower”, the “Company”), an international solar power company, today announced that it is in advanced discussions on the sale of its US solar portfolio with short listed parties who have completed their commercial due diligence processes. Following the retirement of Edward Hyams from the VivoPower board, the Company has also been progressing a recruitment process to identify and appoint a suitably qualified independent director to join the board, who is qualified to be a member of the company’s audit committee. The Company’s audit committee currently comprises two independent directors as well as the executive chairman.