Dane Capital Exclusive
IEA is an undiscovered, newly public renewables focused E&C company with a compelling valuation – 3.8x 2018 EV/EBITDA and a free cash flow yield of around 25% and record backlog.
IEA has a strong moat as 1 of 3 top-tier E&Cs to the renewables industry, and benefits from a national presence, top-tier customers, and low capital intensity (<2% of sales).
