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Posted by
Two Blokes May 22 -
Filed in
Stock
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2 views
Australia leads the world in per capita solar capacity, but Green Solar Energy is a small, unprofitable player in a highly competitive market. GLSA's revenue declined in FY 2024, margins improved slightly, but rising SG&A expenses led to a larger net loss and negative free cash flow. The IPO values Green Solar at very high multiples compared to industry peers, despite slow growth, limited scale, and no clear disruptive edge.
