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Mast Energy Developments PLC (QDE) AI Stock Analysis

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GB:QDE

Mast Energy Developments PLC

(LSE:QDE)

Select Model
Rating:39Underperform
Price Target:GBX 3.50â–²(84.21% Upside)
Action:initiatedcoverage
Date:01/04/26

Weak financials with high leverage and cash burn dominate, dragging score down despite oversold technicals offering mild rebound potential; poor valuation underscores unprofitability risks in renewable sector.

Positive Factors
Dispatchable flexible generation businessMast’s core business—development, construction and operation of gas-fired peaking and reserve plants—addresses structural grid needs as renewable intermittency rises. Dispatchable capacity and availability payments create durable demand for its assets, supporting recurring revenues beyond spot price cycles.
Negative Factors
Persistent negative cash generationConsistent negative operating cash flow and a worsening free cash flow profile force ongoing reliance on external financing. Over the medium term this increases dilution or refinancing risk and constrains the company’s ability to fund construction, maintenance or new project pipelines internally.

Mast Energy Developments PLC (QDE) vs. iShares MSCI United Kingdom ETF (EWC)

-100%-75%-50%-25%0%25%50%GB:QDE-83.27%EWC+21.04%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
GBP 311.35K
Dividend Yield
―
Average Volume (3M)
3.90M
Price to Earnings (P/E)
-0.2
Beta (1Y)
0.33
Revenue Growth
34.19%
EPS Growth
94.04%
Country
UK
Employees
0
Sector
Utilities
Sector Strength
66
Industry
Renewable Utilities

Mast Energy Developments PLC Business Overview & Revenue Model

Company Description

Quantum Data Energy Plc engages in the manufacture of solar energy components. It operates through the following segments: Bordersley, Rochdale, ADV 001 (Hindlip Lane), ARL 018 (Stather Road), and Pyebridge. The company was founded on September 17, 2...

Mast Energy Developments PLC Financial Statement Overview

Summary

Revenue surged 114% with improved margins, but persistent net losses, high debt-to-equity of 1.62, and heavy cash burn averaging low scores of 45, 35, and 25 signal financial strain and liquidity risks.

Income Statement

45Neutral

Balance Sheet

35Negative

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2019
Income Statement
Total Revenue1.26M737.16K341.21K1.04M2,5960
Gross Profit111.71K295.62K117.37K257.94K-239.25K0
EBITDA-519.82K-774.00K-3.38M-2.57M-1.71M110.19K
Net Income-1.16M-1.10M-3.54M-2.73M-1.05M-238.00K
Balance Sheet
Total Assets3.62M4.04M2.60M4.62M7.63M2.90M
Cash, Cash Equivalents and Short-Term Investments148.23K146.45K252132.18K1.81M258
Total Debt4.93M4.58M2.02M2.18M2.56M2.23M
Total Liabilities5.42M5.28M2.99M2.50M3.78M2.24M
Stockholders Equity2.27M2.83M3.68M6.18M7.92M775.38K
Cash Flow
Free Cash Flow-1.57M-2.87M-727.13K-1.70M-1.93M-352.81K
Operating Cash Flow-683.24K-1.23M-727.13K-1.28M-607.75K-352.81K
Investing Cash Flow-402.44K-1.15M0-974.35K-1.44M0
Financing Cash Flow981.91K2.53M595.19K585.50K3.50M351.31K

Mast Energy Developments PLC Peers Comparison

Overall Rating

UnderperformOutperform
Sector (66)

Financial Indicators

GB:QDE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *66Neutral$17.65B18.105.60%3.62%6.62%11.55%
GB:IESGB:IES46NeutralGBP 83.60M-2.02-43.20%―148.29%-14.06%
GB:PHEGB:PHE46NeutralGBP 9.73M-9.25-44.36%―103.02%69.23%
GB:PNPLGB:PNPL44NeutralGBP 1.27M-6.371028.89%――-3.45%
GB:QDEGB:QDE39UnderperformGBP 4.56M-0.17-45.72%―34.19%94.04%
GB:AMPGB:AMP38UnderperformGBP 10.84M-0.99-65.86%―136.51%40.60%
GB:CPH2GB:CPH238UnderperformGBP 11.42M-0.52-88.63%―――

* Utilities Sector Average

Performance Comparison

0%100%200%300%GB:QDEGB:IESGB:AMPGB:PHEGB:PNPLGB:CPH2Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
GB:QDE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:QDEMast Energy Developments PLC1.90-8.00-80.81%
GB:IESInvinity Energy Systems PLC10.00-9.50-48.72%
GB:AMPSimec Atlantis Energy1.45-1.60-52.46%
GB:PHEPowerhouse Energy0.18-0.34-64.42%
GB:PNPLPineapple Power Corp PLC0.70-2.04-74.45%
GB:CPH2Clean Power Hydrogen PLC1.10-2.67-70.86%

Mast Energy Developments PLC Corporate Events

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing

Quantum Data Energy Sets New Pyebridge Revenue Record and Advances Third FlexGen Project

Positive
Feb 3, 2026

Quantum Data Energy has reported record monthly electricity generation and revenue from its fully owned 8.1 MW Pyebridge flexible generation asset in January 2026, driven by strong demand for flexible capacity amid intermittent renewable supply. Pyeb...

Business Operations and Strategy

Quantum Data Energy Targets 300MW Platform as It Repositions Around AI-Driven Power Demand

Positive
Jan 30, 2026

Quantum Data Energy has issued a Q1 2026 business update outlining its strategic evolution from a UK-focused flexible generation operator into a modular, data-integrated power platform serving rapidly growing digital and data-led infrastructure deman...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

Quantum Data Energy Advances Hindlip Power Project and Issues Shares to Settle Legacy Debt

Positive
Jan 13, 2026

Quantum Data Energy PLC reported that its fully funded 7.5 MW Hindlip flexible generation project, developed in partnership with Powertree, has largely completed civil and structural works and is now progressing through the electrical installation ph...

Business Operations and StrategyFinancial Disclosures

Quantum Data Energy Hits Record Power Output and Revenue as Pyebridge Asset Delivers in 2025

Positive
Jan 6, 2026

Quantum Data Energy PLC reported record full-year electricity generation and revenues from its 8.1 MW Pyebridge flexible generation asset in 2025, with output rising about 71% year-on-year to roughly 10.8 GWh and revenues climbing around 130% to appr...

Business Operations and Strategy

Quantum Data Energy Highlights 2025 Progress and Strategy in New CEO Interview and Business Video

Positive
Dec 18, 2025

Quantum Data Energy PLC has released a new interview with CEO Pieter Krügel on Vox Markets, in which he reviews the company’s transformational progress in 2025 and outlines expectations for 2026, offering investors and stakeholders additional insight...

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing

Quantum Data Energy PLC Reports Transformative Year with Strategic Growth and Expansion

Positive
Dec 16, 2025

In 2025, Quantum Data Energy PLC achieved significant milestones, including a successful £5m equity fundraise that improved its financial position and increased its market valuation to approximately £7m. The company also reported record electricity g...

Business Operations and StrategyFinancial Disclosures

Quantum Data Energy PLC Reports Record Growth in Electricity Generation and Revenue

Positive
Dec 9, 2025

Quantum Data Energy PLC announced a significant increase in electricity generation and revenue from its Pyebridge 8.1 MW flexible generation power asset. For the first 11 months of 2025, electricity generation increased by approximately 71% and total...

Business Operations and StrategyPrivate Placements and Financing

Quantum Data Energy PLC Secures Growth Funding for Flexgen Projects

Positive
Dec 2, 2025

Quantum Data Energy PLC has made significant progress in securing growth funding for its flexible generation power projects and acquisitions of operational flexgen assets. By partnering with Sustainable Investing Solutions, the company plans to achie...

Business Operations and Strategy

Quantum Data Energy Advances Holiday Park CHP Project with Strategic Partnership

Positive
Nov 25, 2025

Quantum Data Energy PLC has made significant progress in its joint venture with Avanti-e Ltd, focusing on developing combined heat and power solutions for the UK’s holiday-park sector. The company submitted a proposal for a 10 MW CHP project to a lar...

Business Operations and StrategyFinancial Disclosures

Quantum Data Energy Achieves Record Electricity Sales and Secures Long-term Contract

Positive
Nov 18, 2025

Quantum Data Energy PLC announced a record high in electricity generation and sales at its Pyebridge 8.1 MW flexible generation power asset, driven by strong operational performance and market demand. The company also secured a 15-year Capacity Marke...

Business Operations and Strategy

Quantum Data Energy Expands AI Datacentre Strategy with New Partnership

Positive
Nov 11, 2025

Quantum Data Energy PLC has announced a partnership with Navon World to enhance its AI datacentre power strategy, aiming to develop AI datacentre campuses across the UK and globally. This partnership, alongside Carbon Zero Markets, will leverage each...

Business Operations and StrategyProduct-Related Announcements

Quantum Data Energy Advances Key Power Projects

Positive
Nov 6, 2025

Quantum Data Energy PLC has announced significant progress on its 7.5 MW Hindlip flexible generation power project, which has officially broken ground and is on track for commercial operations by Q2 2026. Additionally, the company is advancing in its...

Business Operations and StrategyProduct-Related Announcements

Mast Energy Developments PLC Rebrands to Quantum Data Energy PLC

Positive
Nov 3, 2025

Mast Energy Developments PLC has announced a rebranding to Quantum Data Energy PLC, reflecting its strategic shift towards becoming a modular, data-integrated power platform. This change aligns with the company’s vision to expand its power assets and...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Jan 04, 2026