- Discussing encouraging first quarter earnings report.
- Over the past six months, the company has more than doubled its contracted backlog with both 2022 and 2023 now reasonably well-covered.
- Expect Q2 and particularly Q3 numbers to show impressive profitability.
- Company continues to trade at a large discount to net asset value.
- Get long Eneti with a near-term price target of $10 based on an attractive mix of discounted valuation, improved outlook, and potential near-term catalysts.
For further details see:
Eneti: Buy On Discounted Valuation, Improved Outlook, And Near-Term Catalysts