Energiekontor AG Maintains 'Buy' Recommendation Amid Market Challenges

First Berlin Equity Research GmbH has reaffirmed its 'Buy' recommendation for Energiekontor AG, albeit with a revised target price of €79, down from the previous €93. This adjustment reflects caution in the wake of a profit warning issued in October 2025. Despite the setback, analyst Dr. Karsten von Blumenthal remains confident in the company's robust operational performance this year, anticipating profitable growth for 2026 and 2027.

Currently, Energiekontor is constructing wind and photovoltaic installations with a capacity of 628 MW, a significant increase from 368 MW at the end of 2024. This expansion supports future revenue and profit growth projections. The company's portfolio is also set to expand from 448 MW to 648 MW by the end of 2027, generating stable cash flows from electricity sales.

Nevertheless, potential delays in selling Scottish projects and pressure from increased onshore wind volumes in Germany suggest caution. Nevertheless, Energiekontor's focus on reducing project development costs positions it well for these challenges.