clearvise AG (from First Berlin Equity Research GmbH): Buy

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Original research: clearvise AG – von First Berlin Equity Research GmbH

15.08.2024 / 10:51 MET/MET

Veröffentlichung einer Research, übermittelt durch EQS News – ein Service

of the EQS Group AG.

For the Inhalt der Mitteilung bzw. Research is only the Herausgeber bzw.

Author of the Study responsible. This notification is not an anlageberatung

or Aufforderung zum Abschluss bestimmter Börsengeschäfte.

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Einstufung van First Berlin Equity Research GmbH at clearvise AG

Company: clearvise AG

ISIN code: DE000A1EWXA4

Analysis of the study: Update

Recommendation: Buy

date: 15.08.2024

Course price: 3.10 Euro

Course on approval 12 months

by:

Letzte 12.04.2021: Hochstufung von Hinzufügen auf

Rating change: Buy

Analyst: Dr. Karsten von Blumenthal

First Berlin Equity Research has issued a research update for Clearvise AG (ISIN:

DE000A1EWXA4) clearing light. Analyst Dr. Karsten von Blumenthal bestätigt

signal KOOP-Empfehlung and bestätigt signal Kursziel from EUR 3.10.

Summary:

clear view of the underlying H1-Zahlen präsentiert, die unsere Schätzungen

a higher temperature when the power production is overloaded. I am

Vergleich zu H1/23 is clear that the artwork is made, even smaller

Electricity production and reduced electricity consumption

höheres Nettoergebnis zu erzielen (2.3 million euros versus 1.7 million euros). Grund dafur

were deutlich lower Abschreibungen und Finanzaufwendungen. make it clear

hat ihre Guidance for the year to come is best. Nach den besser als

erwarteten Halbjahreszahlen stopped with an unserer Umsatz-und

AEBITDA-Schätzung fest, both light oberhalb der Guidance lie. I am

I think the companies of Solarpark Wolfsgarten (43 MW) have expanded their portfolio

improved and operational portfolio capitalization at 316 MW

built. The H1-Zahlen has seen a positive result

Company. We can continue the action if we want to buy a product

unaltered Kursziel from EUR3.10.

First Berlin Equity Research has published a research update on Clearvise AG

(ISIN: DE000A1EWXA4). Analyst Dr. Karsten von Blumenthal reiterated his BUY

rating and maintained its price target of EUR 3.10.

Abstract:

Clearvise presented compelling H1 numbers that beat our forecasts due to

to higher than expected power production. Compared to H1/23, clearvise

managed to achieve a higher net result (EUR 2.3 million versus EUR 1.7 million)

despite lower electricity production and lower average electricity sales

prices. The reasons for this were significantly lower depreciation and

Financial expenditures. Clearvise confirmed the guidance for the current year.

Following the better than expected half-year figures, we maintain our

sales and AEBITDA forecasts, both of which are slightly above guidance. In

In May, the company added the Wolfsgarten solar park (43 MW) to its portfolio

and expanded the operational portfolio capacity to 316 MW. The H1 figures

confirm our positive view on the company. We maintain our Buy recommendation

with an unchanged target price of EUR 3.10.

Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG and dev

Perform a full analysis.

The full analysis can be downloaded here:

http://www.more-ir.de/d/30497.pdf

Contact us for questions:

First Berlin Equity Research GmbH

Mr. Gaurav Tiwari

Phone: +49 (0)30 809 39 686

website: www.firstberlin.com

Email: [email protected]

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