Dane Capital New Idea: Wind At Their Back With 25% FCF Yield

Dane Capital Exclusive

IEA is an undiscovered, newly public renewables focused E&C company with a compelling valuation – 3.8x 2018 EV/EBITDA and a free cash flow yield of around 25% and record backlog.

IEA has a strong moat as 1 of 3 top-tier E&Cs to the renewables industry, and benefits from a national presence, top-tier customers, and low capital intensity (<2% of sales).

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