Windar Photonics (GB:WPHO) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Windar Photonics is set to raise £5.5 million through a proposed placing to support its growth strategy and transition to a recurring revenue model. The funds will also bolster the executive team and strengthen the company’s balance sheet, as they aim to expand their market share with their innovative LiDAR wind sensor technology. Investors and stakeholders may find this move promising as the company navigates a €60 million pipeline of potential hardware sales with independent power producers.
For further insights into GB:WPHO stock, check out TipRanks’ Stock Analysis page.
