AGK (LON) - Aggreko

[perulv]

"The Company provides specialist power and temperature control rental services in two main product areas, mobile electricity generators and temperature control equipment."

 

An interesting thing is that this company bought an energy-storage-company a couple of years ago (https://www.greentechmedia.com/articles/read/younicos-acquired-for-52-million-by-rental-power-firm), and seem to go in the renewable direction (e.g. https://www.aggreko.com/en/news/2018/global-news/june/first-battery-storage-connected-to-worlds-first-floating-wind-farm)

 

"Green" and "renewable" might be buzzwords, but there is (imho) also little doubt that the world moves in that direction. I don't know if Aggreko actually are a player in smart-grid/renewable or if it is mostly words, but maybe this is a company that will benefit from the change to renewables, without beeing priced like a "green stock" yet? The fundamentals look decent to me, around 50% debt, not super cheap but not expensive (https://www.londonstockexchange.com/ftse-analytics/GB00BK1PTB77GBGBXSTMM.pdf).

 

Thoughts?

[fisch777]

Diesel powered generators are not in any shape or form "green" and not sure why that matters to the business fundamentals.

[perulv]

Turns out a company that rent out power-generators to e.g sports-events is not the best investment when every event in the world gets canceled ::)

[perulv]

Then again, if I believe my previous thesis that this is a quality company that might benefit from the inevitably shift to renewable power, it might be a bargain now... or some time the next months.