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Vast Renewables Limited Ordinary Shares (VSTE)



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Upturn Advisory Summary
04/01/2025: VSTE (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -93.08% | Avg. Invested days 103 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 9.57M USD | Price to earnings Ratio 0.01 | 1Y Target Price - |
Price to earnings Ratio 0.01 | 1Y Target Price - | ||
Volume (30-day avg) 7574912 | Beta -0.35 | 52 Weeks Range 0.28 - 9.10 | Updated Date 04/1/2025 |
52 Weeks Range 0.28 - 9.10 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 48.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -284.42% | Operating Margin (TTM) -102.48% |
Management Effectiveness
Return on Assets (TTM) 321.73% | Return on Equity (TTM) - |
Valuation
Trailing PE 0.01 | Forward PE - | Enterprise Value 9114975 | Price to Sales(TTM) 1.55 |
Enterprise Value 9114975 | Price to Sales(TTM) 1.55 | ||
Enterprise Value to Revenue 651.07 | Enterprise Value to EBITDA - | Shares Outstanding 29973600 | Shares Floating 12437805 |
Shares Outstanding 29973600 | Shares Floating 12437805 | ||
Percent Insiders 55.84 | Percent Institutions 0.3 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Vast Renewables Limited Ordinary Shares
Company Overview
History and Background
Vast Renewables Limited focuses on developing concentrated solar power (CSP) plants. Founded relatively recently, it aims to provide dispatchable renewable energy.
Core Business Areas
- Concentrated Solar Power (CSP) Technology: Development and deployment of CSP technology for electricity generation and industrial heat applications.
- Renewable Energy Project Development: Developing large-scale renewable energy projects using CSP technology.
- Thermal Energy Storage: Integrating thermal energy storage solutions with CSP plants to provide on-demand power.
Leadership and Structure
Details on Vast Renewables' specific leadership team and organizational structure are limited. They are likely structured with engineering, project management, and business development teams.
Top Products and Market Share
Key Offerings
- VS1 Tower CSP Plant: Concentrated solar power plants, featuring high-temperature solar thermal energy storage to supply dispatchable, zero-emission electricity and heat. Market share data not publicly available. Competitors include Abengoa, SolarReserve (defunct), and BrightSource Energy.
- Industrial Heat Solutions: Providing industrial processes with renewable heat generated by CSP. Market share data not publicly available. Competitors include other renewable energy providers like geothermal and biomass plants.
Market Dynamics
Industry Overview
The renewable energy industry is experiencing rapid growth, driven by climate change concerns and government policies. CSP is a niche within solar power, facing competition from cheaper photovoltaic (PV) solar.
Positioning
Vast Renewables aims to carve a niche in providing dispatchable renewable energy via CSP with thermal storage. Their competitive advantage lies in offering reliable power generation beyond the intermittency of PV and wind.
Total Addressable Market (TAM)
The global renewable energy market is estimated in the trillions of USD. Vast Renewables' TAM focuses on the portion of this market suitable for CSP, estimated to be in the billions, addressing areas requiring reliable, dispatchable renewable energy.
Upturn SWOT Analysis
Strengths
- Dispatchable renewable energy source
- Thermal energy storage capabilities
- Potential for high-temperature industrial heat applications
- Focus on a niche market (CSP)
Weaknesses
- High initial capital costs
- Technology complexity compared to PV solar
- Limited track record of large-scale deployment
- Geographic limitations (high solar irradiance regions)
Opportunities
- Government incentives for renewable energy projects
- Growing demand for dispatchable renewable energy
- Advancements in thermal storage technologies
- Partnerships with industrial clients seeking renewable heat
Threats
- Competition from lower-cost PV solar and wind power
- Fluctuations in commodity prices (e.g., steel)
- Changes in government regulations and policies
- Technological advancements that disrupt the energy storage market
Competitors and Market Share
Key Competitors
- ABBNY (ABB)
- SEDG (SolarEdge Technologies)
- FSLR (First Solar)
Competitive Landscape
Vast Renewables faces intense competition from established renewable energy players, particularly those in PV solar and wind. Its success depends on demonstrating the cost-effectiveness and reliability of its CSP technology.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is not readily available due to the company's relative newness and lack of extensive publicly reported financials.
Future Projections: Future projections depend heavily on securing contracts for CSP plants, technological advancements, and government support for renewable energy.
Recent Initiatives: Recent initiatives may include securing funding for projects, developing partnerships, and advancing their CSP technology.
Summary
Vast Renewables focuses on a niche market, leveraging concentrated solar power with thermal storage to provide dispatchable renewable energy. While promising, they face challenges due to higher initial costs compared to traditional solar. Securing key contracts and technological advancements will be crucial for their future success, especially amid competition from established renewable companies.
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Sources and Disclaimers
Data Sources:
- Company website, Industry reports, Analyst reports, Press releases
Disclaimers:
Data and analysis are based on publicly available information and may be incomplete. Market share data is estimated. This is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Vast Renewables Limited Ordinary Shares
Exchange NASDAQ | Headquaters North Sydney, NSW, Australia | ||
IPO Launch date 2023-12-19 | CEO & Director Mr. Craig Wood | ||
Sector Technology | Industry Solar | Full time employees - | Website https://www.vast.energy |
Full time employees - | Website https://www.vast.energy |
Vast Renewables Limited, a renewable energy company, develops and sells concentrated solar thermal power (CSP) systems. It's CSP systems are used to generate, store, and dispatch electricity and industrial heat, as well as to enable the production of green fuels. The company was incorporated in 2009 and is based in North Sydney, Australia. Vast Renewables Limited operates as a subsidiary of Agcentral Energy Pty Limited.
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