Last Updated: 20 Sep 2024
Executive Summary
Vast Renewables Limited (VSTE) is a publicly traded company that focuses on renewable energy development. The company has a market capitalization of $35,665,500 and trades on the NASDAQ exchange. The latest stock price is $1.25. VSTE has no reported earnings or revenue, so fundamental analysis is not possible. However, technical analysis suggests that the stock is in a downtrend and could continue to decline in the short term.
Company Overview
Vast Renewables Limited is a renewable energy development company that focuses on solar and wind projects. The company has a portfolio of projects in various stages of development, including a 100 MW solar project in California and a 50 MW wind project in Texas. VSTE also provides engineering, procurement, and construction services for renewable energy projects.
Fundamental Analysis
VSTE has not reported any financial results, so fundamental analysis is not possible.
Technical Analysis
The technical analysis of VSTE suggests that the stock is in a downtrend. The stock has been making lower highs and lower lows since reaching a high of $12 in February 2023. The 50-day moving average is below the 200-day moving average, which is a bearish sign. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for VSTE is bearish. The stock is in a downtrend and could continue to decline in the short term. The next support level is at $1.05, which is the 52-week low. If the stock breaks below this level, it could fall further.
Long Term Outlook
The long-term outlook for VSTE is uncertain. The company has a portfolio of renewable energy projects in development, but it has not yet reported any financial results. If the company is able to successfully develop and operate its projects, it could be a long-term winner. However, there are many risks involved in renewable energy development, and the company could face challenges in the future.
Analyst Recommendations
There are no analyst recommendations for VSTE.
