EchoStar Corp Class A

SATS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$15.00	Hpnwd	Xgbq

EchoStar Earnings: Still No Clarity Around Financing

Michael Hodel

Mar 1, 2024

EchoStar’s fourth-quarter results and management commentary, which oddly excluded remarks from chairman Charlie Ergen, offer little additional clarity concerning its future financing plans and strategy. The firm claims it is holding discussions with multiple potential partners but feels no immediate pressure to secure additional capital, despite looming debt maturities in November. We reiterate our Extreme Uncertainty Rating, and our fair value estimate remains $25.

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