Aggreko made a point of saying on Friday that it was supplying temporary power supplies to the weekend's Super Bowl spectacular.
So after the gridiron battle between the San Francisco 49ers and the Baltimore Ravens suffered a power cut, the FTSE 100 company's shares seem to have suffered their own outage, falling nearly 1.5% to £15.99.
But Seymour Pierce, after speaking to the company, reckons it is in the clear. Analyst Caroline de La Soujeole said:
During last night's Super Bowl, the power went off halting the game for more than 30 minutes. Aggreko has a long history of being involved with the Super Bowl. We spoke to the company this morning. Aggreko did indeed again provide power for the Super Bowl. However, it provided the back-up power for the national and international broadcasters and the half time show, all of which went smoothly. The power which went off was the stadium power, provided by Entergy, which was not backed up. If anything this incident serves as a reminder of the need for back-up power at such high profile sporting events. We remain buyers of the shares with a 2020p target price.
Update
The company has now issued its own statement:
Aggreko, the global leader in the provision of temporary power and temperature control services, kept its power running throughout America's national football championships in New Orleans despite the power disruption elsewhere in the stadium.
Aggreko, which provided power for event for the 23rd time, was responsible for the CBS Compound as well as the international broadcast and a large part of the halftime show, all of which operated flawlessly and with no reported outages throughout the event.
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