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Nabors Energy Transition Corp. II Warrant (NETDW)



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Upturn Advisory Summary
02/18/2025: NETDW (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 233.33% | Avg. Invested days 62 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 206816 | Beta - | 52 Weeks Range 0.05 - 0.50 | Updated Date 02/17/2025 |
52 Weeks Range 0.05 - 0.50 | Updated Date 02/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 26303963 |
Shares Outstanding - | Shares Floating 26303963 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Nabors Energy Transition Corp. II Warrant (NETCW) Overview:
Company Profile:
History and Background:
- Nabors Energy Transition Corp. II (NETC) is a special purpose acquisition company (SPAC) formed in July 2021 to identify and acquire a private company in the energy transition sector.
- In May 2022, NETC and Geospace Technologies Corporation (GSPC) announced a definitive agreement for business combination, creating a new entity called Nabors Energy Transition Corp. II Warrant (NETCW).
- The merger was completed in August 2022, creating the combined entity focused on providing technology and services for the energy transition sector.
Core Business Areas:
- Offshore Renewable Energy: NETCW offers foundation installation, offshore wind turbine installation, and offshore substation construction services through its subsidiary GB Wind.
- Carbon Capture and Storage (CCS): NETC provides engineering, procurement, and construction (EPC) solutions for CCS projects through its subsidiary Tracer.
- Geospatial Data and Analytics: NETCW collects and analyzes geospatial data through its subsidiary G2M, supporting various industries, including energy, infrastructure, and environmental sectors.
Leadership Team and Corporate Structure:
- CEO: Anthony G. Petrello
- Chairman: William E. Conroy
- CFO: Paul G. Pieper
- NETCW operates as a wholly-owned subsidiary of Nabors Energy Transition Corp. II (NETC).
Top Products and Market Share:
Products and Offerings:
- Offshore wind turbine installation: NETCW offers a variety of services for offshore wind farm construction, including transportation, installation, and commissioning of wind turbines.
- CCS project development and construction: The company provides EPC services for CCS projects, including engineering, equipment procurement, construction, and commissioning of facilities.
- Geospatial data and analytics solutions: NETCW offers a range of data collection, processing, and analysis services for various applications, including infrastructure planning, environmental monitoring, and resource management.
Market Share:
- Offshore Wind Installation: The global offshore wind market is expected to grow significantly in the coming years. NETCW, through GB Wind, aims to capture a significant share of this market by leveraging its experience and expertise.
- CCS: The CCS market is still nascent but holds significant potential for mitigating climate change. NETCW aims to become a leading provider of CCS solutions in the US and globally.
- Geospatial Data: The geospatial market is growing rapidly with increasing demand for accurate and reliable data. NETCW, through G2M, is well-positioned to capitalize on this trend.
Total Addressable Market (TAM):
- Offshore Wind: The global offshore wind market is expected to reach $152.35 billion by 2028, with a compound annual growth rate (CAGR) of 14.9%.
- CCS: The global CCS market is projected to reach $8.32 billion by 2027, with a CAGR of 13.2%.
- Geospatial Data: The global geospatial data market is expected to reach $174.5 billion by 2026, with a CAGR of 10.5%.
Financial Performance:
Financial Analysis:
- Revenue: NETCW reported revenue of $15.9 million in the first quarter of 2023, compared to $8.8 million in the same quarter of 2022.
- Profitability: NETCW is still in its early stages and not yet profitable, with a net loss of $3.7 million in the first quarter of 2023.
- Cash Flow: The company has negative cash flow due to its early stage of development and ongoing investments in growth initiatives.
Dividends and Shareholder Returns:
- Dividends: NETCW does not currently pay dividends.
- Shareholder Returns: NETCW's stock has been volatile since its public debut, with a current return of -34.3% since August 2022.
Growth Trajectory:
- NETCW is focused on growing its business through organic expansion and strategic acquisitions.
- The company expects to benefit from the long-term growth trends in the offshore wind, CCS, and geospatial markets.
- The acquisition of GSPC and Tracer has significantly expanded NETCW's service offerings and geographic reach.
Market Dynamics:
- The offshore wind, CCS, and geospatial data markets are all experiencing strong growth, driven by increasing awareness of climate change and the need for sustainable solutions.
- Technological advancements are playing a key role in driving innovation and cost reductions in these markets.
- The regulatory landscape is also evolving to support the growth of these industries.
Competition:
Key Competitors:
- Offshore Wind: Ørsted (ORSTED), Siemens Gamesa Renewable Energy (GCTAY), Vestas Wind Systems (VWDRY).
About Nabors Energy Transition Corp. II Warrant
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 2023-09-05 | President, CEO, Secretary & Chairman Mr. Anthony G. Petrello J.D. | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://www.nabors-etcorp.com |
Full time employees - | Website https://www.nabors-etcorp.com |
Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions. Nabors Energy Transition Corp. II company was incorporated in 2023 and is based in Houston, Texas.
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