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 his EUR 3.10 price target.

Abstract
clearvise presented convincing H1 figures which exceeded our forecasts due to higher than expected power production. Compared to H1/23, clearvise managed the feat of achieving a higher net result (€2.3m versus €1.7m) despite lower electricity production and lower average electricity sales prices. The reasons for this were significantly lower depreciation and financial expenses. clearvise confirmed guidance for the current year. Following the better-than-expected half-year figures, we are maintaining our sales and AEBITDA forecasts, both of which are slightly above guidance. In May, the company added the Wolfsgarten solar park (43 MW) to its portfolio and thus expanded its operating portfolio capacity to 316 MW. The H1 figures confirm our positive view of the company. We maintain our Buy recommendation at an unchanged €3.10 price target.