Say Yenilenebilir Enerji wins 589 thousand euro tender

Say Yenilenebilir Enerji (SAYAS) won the tender for wind turbine tower internal components worth 588,986 euros. While the bid submitted by the company to its Portugal-based client Martifer, Construcoes Metalomecanicas, S.A. was approved, it was reported that the entire tender value belongs to the partnership share.

What is the scope of the tender and when is the delivery schedule?

The wind turbine tower internal components subject to the contract will be shipped to the client's manufacturing facilities located in Portugal. The company, which had postponed the disclosure of inside information regarding the bidding process under a board of directors decision dated October 2, 2026, plans to complete deliveries under the order within the first quarter of 2027.

The awarded tender value of 588,986 euros corresponds to 2.08% of Say Yenilenebilir Enerji's gross sales revenue in its latest publicly disclosed income statement. Operating in the wind energy industry, the company had also announced in its disclosure dated October 9, 2026, that it expects approximately 3.5 million euros in revenue from sales to Ates Wind Power in the fourth quarter of 2026.

How did the new order reflect on revenue and the stock?

In trading on October 26, 2026, when the tender results were announced, SAYAS shares lost 3.78% in value, retreating to 31.58 lira (TRY). Reaching a trading volume of 1,055,721 lots throughout the day, the stock was priced at 31.58 lira, the lowest level of its annual trading band, following its 52-week high of 66.95 lira.

This content is for information purposes only and does not constitute investment advice.