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 3.80 price target.

clearvise has increased its revenue and adjusted EBITDA guidance for the current year. The company now expects revenues in a corridor of €47m – €51m (previously: €40m – €45m) and adjusted EBITDA of €35m – €38m (previously: €28m – €32m). Out of commercial prudence clearvise has based its guidance only on secured prices from feed-in tariffs and power purchase agreements for the second half of the year. In view of persistently high electricity prices, annual revenue should rather be at the upper end of guidance or above. We already raised our forecasts in our last update. Given the sharp rise in electricity prices in July and the further reduction in Russian gas supplies, we are raising our forecasts again. We reiterate our Buy recommendation at an unchanged price target of €3.80.