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Stock impact report

Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]

Mercer International Inc. (MERC) 
Last mercer international inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: mercerint.com/investors
emphasizes its performance continues to fall short of long-term averages, leading him to lower his forecast for the Kingsey Falls, Que.-based company. “Looking to 2026E, we modestly reduce generation by 30 GWh to reflect downtime related to the Grand Camp repowering project (COD expected in H2/26E) as we estimate an six-month shutdown, delayed contribution from Hagersville in Q1/26E (now assuming two-thirds of a full-quarter contribution), and minor hydro LTA recalibrations.” Mr. Sidhu called its fourth-quarter growth “largely a timing story rather than an execution or cost issue” with its Sanjgon (formerly Tilbury) battery energy storage system (BESS) reaching commissioning late in the year following a short authorization-related delay. However, he now sees project ramp-ups setting the stage for near-term growth. “The 300MW/1200MWh Hagersville BESS project, initially expected online in Q4/25E, should reach COD in the coming weeks, also with no incremental costs,” he explained. Show less Read more
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