- Orbital Energy Group is an EPC company that is pivoting to the telecommunications sector following the $48 million acquisition of Gibson Technical Services.
- This seems like a good purchase as Gibson is expected to book EBITDA of $8 million in 2021.
- However, Orbital Energy Group posted a negative EBITDA of over $15 million in Q1 2021 alone and profitability seems far away.
- I think that the business of the company isn’t worth much in its current state and that this one is a sell.
For further details see:
Orbital Energy Group Looks Overvalued Based On Fundamentals