Montana Renewables is pioneering the renewable fuels industry and developing patent-pending technology for green hydrogen use in its conversion process.

Montana Renewables

ACWA Power Company invests in, develops, constructs, and operates power generation, green hydrogen, and desalinated water plants worldwide. It operates through Thermal and Water Desalination; Renewables; and Others segments. The company also engages in the leasing, installation, operation and maintenance, and contracting of electricity generation, water desalination, and steam plants; and distribution of electricity, desalinated water, and steam, as well as other related or auxiliary business activities. It generates power through a range of fossil fuel and renewable sources, such as oil, coal, gas, solar, hydrogen, and wind. The company operates 67 power generation and water desalination projects in Bahrain, the United Arab Emirates, Azerbaijan, the Kingdom of Saudi Arabia, Oman, Jordan, Egypt, South Africa, Turkey, and Vietnam. The company was formerly known as International Company for Water and Power Projects and changed its name to ACWA POWER Company in January 2022. ACWA Power Company was founded in 2004 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

ACWA POWER Company

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vårgrønn; and RWE Renewables and Hydro REIN. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Eldar Saetre

Equinor ASA

First Hydrogen is addressing emissions challenges by providing integrated green hydrogen solutions and removing barriers for zero emission fleets.

Metric
Company Name	Montana Renewables	ACWA POWER Company	Equinor ASA	First Hydrogen Corp
Symbol		2.08K	EQNR
MSH ID	COM:MONTANARENEWABLES	COM:ACWAPOWER	COM:EQUINOR	COM:FIRSTHYDROGEN
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Energy	Utilities	Energy	Transportation
Industry	Renewable Energy	Independent Power Producers	Oil & Gas Integrated	Clean Energy
Country	US	SA	NO	CA
Stage
Employee Count		3.54K	23.45K
Website	montanarenewables.com	acwapower.com	equinor.com	firsthydrogen.com
LinkedIn		acwa-power-international	equinor
Founders

Metric
Market Cap	71.76B	73.04B	25.83M
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	1.74B	106.85B
Revenue (LTM)
Revenue (NTM)
Gross Profit	1.04B	36.72B
EBITDA	842.43M	46.08B
Operating Income	719.30M	35.51B
Net Income	441.79M	11.88B
EPS	0.60	3.93
Diluted EPS	0.60	3.93
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.58	0.42
Operating Profit Margin	0.48	0.34
EBITDA Margin	0.48	0.43
Net Profit Margin	0.30	0.11
Return on Equity	0.09	0.23
Return on Assets	0.04	0.08
Return on Capital Employed	0.06	0.33

COM:MONTANARENEWABLES

Montana Renewables

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	118.74	4.93
P/B Ratio	8.10	1.74
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	57.33	0.84
EV Multiple	110.31	1.58

Metric
Days Sales Outstanding		49.12
Days Payables Outstanding	433.82	75.14
Days Inventory Outstanding	128.68	22.53
Operating Cycle	384.04	80.38
Cash Conversion Cycle	-10.10	10.25
Asset Turnover	0.12	0.79

Metric
Operating Cash Flow	532.00M	24.70B
Free Cash Flow	-446.92M	14.13B
Cash Flow to Debt	0.12	0.84
Operating Cash Flow/Sales	0.50	0.23
Free Cash Flow Yield	-0.00	0.19

Metric
Cash & Equivalents	1.26B	9.64B
Accounts Receivable	9.05M
Inventory	243.69M	3.81B
Goodwill	509.27M
Debt to Capitalization	0.57	0.41
Debt to Assets	0.45	0.21
Current Ratio	1.88	1.79
Quick Ratio	2.21	1.76

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue		0.01
SG&A to Revenue		0.08