Vow is a stock listed on OSEBX that focuses on solutions for global climate change. Based on the global environmental “mega-trend” in the cruise and aquaculture market, companies delivering solutions to environmental problems have experienced substantial growth in demand the recent years. Driven by governmental pressure, higher prices of carbon, and an increased focus on sustainability, these trends are expected to continue. Having experience, a solid customer base and well-developed technology Vow ASA is well positioned in these markets. With a record high backlog, containing cruise, aquaculture and land-based projects Vow is set to continue and possibly accelerate their growth going forward as they are entering new land-based industries.
19,6 entry target price 39 and 33. 39 is the main target to vow and it gets supported by resistance. 33 is resistance and hits the golden ratio. A fundemental valuation report from NHH reports concludes that the stock will hit the support price at somewhere around 19,6.
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