Tidal power group at a compelling valuation

Atlantis Resources Ltd is a vertically integrated turbine supplier and project developer/owner in the tidal power industry. This innovative Group is seeking to become the world’s leading developer of commercial scale tidal power projects and the technologies required to economically deliver tidal current power to the grid. Since listing the business has made significant progress and achieved financial close on MeyGen with Scottish Enterprise taking an equity stake in the project that values Atlantis’ share at £62.2m, more than double the Group’s current market capitsalisation.. Despite performing exceptionally at the operating level, since listing the share price has bizarrely found little support, thereby offering new investors a compelling entry level.