Energiekontor AG Receives Strong Buy Rating Amid New Project Approvals

First Berlin Equity Research GmbH has reaffirmed its "Buy" recommendation for Energiekontor AG, with a target price set at EUR 116.00. The update follows the approval of over 220 MW in new building permits in January. These permits include three wind projects in Scotland with a total capacity of 209 MW and a 15 MW wind project in Germany. This adds to the company's existing 1,100 MW pipeline of approved wind and solar projects.

The company is expected to deliver strong financial results over the next few years, leveraging its projects under construction, currently amounting to 370 MW, and its proprietary wind and PV plant portfolio of 395 MW. Despite project delays causing a revenue shift from 2024 to 2025, projections for 2025 anticipate a robust Earnings Before Tax (EBT) of €86 million. The management has confirmed a 2028 EBT target of €120 million, underscoring positive short- and medium-term prospects.