Scorpio Group-backed Eneti should be able to finance a $330m wind turbine installation vessel newbuilding without resorting to a sale of new shares, a leading analyst reckons.
Clarksons Securities wind energy specialist Turner Holm has taken the lead on coverage of the former Scorpio Bulkers from shipping analyst Omar Nokta, initiating coverage with a "buy" rating and a price target $8 higher than Eneti's current level around $18.
