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 2.90 price target.

Abstract
clearvise has acquired the German wind farm ?Weilrod 2? (18.6 MW), which is currently under construction, thereby expanding its portfolio to over 470 MW. In addition to operating assets of 316 MW, 55 MW are under construction and 102 MW are in the planning stage. We expect the grid connection of the French PV park Chassiecq (36.4 MW), which was originally scheduled for end 2024, to take place in the coming weeks. Project postponements in Italy have prompted us to be somewhat more cautious in our growth planning for the current year. While clearvise has already fulfilled our growth assumption in the wind sector with the purchase of Weilrod 2, we are scaling back our growth assumption for the PV sector slightly (+63 MWp instead of +79 MWp, plus 36.4 MW from Chassiecq) and have revised our forecasts. An updated DCF model yields an unchanged price target of €2.90. We confirm our Buy recommendation.