Morgans observes the investor briefing did not provide any updates on the FY19 outlook, although management is confident the energy solutions business will deliver growth.
The company is largely unaffected by the proposed electricity market reforms, as it does not have a large generation fleet and does not retail to households.
The company is hoping to be a one-stop shop, offering a wide array of solutions, backed by wholesale market expertise. Morgans maintains an Add rating and $1.86 target.
Target price is $1.86.Current Price is $1.84. Difference: $0.02 – (brackets indicate current price is over target). If EPW meets the Morgans target it will return approximately 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).