Broker reaffirms buy status for Inspired
The analysts also reiterated its target price of 25p
Company
LON:INSE
Inspired PLC provides market-leading commercial energy and sustainability advisory services to help its clients achieve net-zero and thrive in the future low carbon global economy. The company focuses on helping its clients control costs, reduce energy consumption and carbon emissions and remain compliant in the regulatory landscape.
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The analysts also reiterated its target price of 25p
Orderbook values of new customer contracts signed in the first two months of the year are 93% ahead of the previous year
If Gazprom UK were to close it would affect 5% of customers, said Inspired
Group revenues are expected to be around 48% higher than in 2020, with like-for-like growth of around 38%.
The group said it made further strategic progress during the first half of the year, as its markets continue to recover from the period of reduced energy consumption during the pandemic
The business is now structured into three divisions: Energy Solutions; Software and ESG
Inspired is a technology enabled service provider with three divisions: Inspired Energy, Inspired ESG and Inspired Software
The update was provided ahead of the energy procurement consultant's annual meeting
There are several factors at play when it comes to power prices, making them difficult to forecast
Outgoing chairman Mike Fletcher guided the company for the past nine years
The consultant's ESG product has hit a revenue target and management sees a positive industry backdrop going forward.
The acquisitions will materially increase the group's "Units of Opportunity", i.e. the meters under the management of the group
While the group's Energy Optimisation business continues to be affected by lockdown restrictions, the Corporate Energy Assurance Services lines are picking up the slack
The energy procurement consultant said the £10.5mln sale, completed through a management buyout, will allow it to focus on exclusively on providing expert assurance and utility cost optimisation services to corporate energy consumers
The Green Economy Mark allows greater visibility for investors interested in green economy activities and recognises those companies that are contributing to a greener and more sustainable economy
Corporate orders increased to £61.5mln following significant new customer wins
It has now taken full ownership and control of Ignite, supported by the recent £35mln fundraise
Hardware & electrical equipment
"We are delighted to have received strong levels of support in our fundraise from new and existing investors," said Mark Dickinson.
The move is seen as an important milestone strategically as the company aims to optimise its services offering
The energy consultant has experienced operational disruption since the end of the first quarter, but remains cash generative and delivered profits ahead of management's downside scenario in the first quarter