Here is the best analysis, very comprehensive and high-quality. It’s worth reading about this “Tesla of Finland.” 
Kempower has rapidly grown its market share in the fast charger market in recent years. However, the current year’s result is turning into a loss, and competition has intensified, partly due to a temporary weakening of market demand. The key to the investment story would be for Kempower to be able to strengthen its market position in the coming years without a significant decline in margins. For the time being, the uncertainty of the outlook and the difficulty of predicting the competitive situation weigh on the risk/reward ratio. We reiterate our Reduce recommendation and the target price of EUR 10.
