PC1 [OUTPERFORM +11.7%] - Further rerating to depend on new capacity post-2021 - Update
  • 01 Sep 2021
  • Company Research
- We downgrade our rating from BUY to OUTPERFORM despite raising our target price by 29% as PC1’s share price has rallied 40% in the last three months. We attribute the rally partly to the market factoring in PC1’s 2021-installed 144 MW of wind capacity a