CR Energy AG Maintains Strong Outlook Amid Sector Challenges

First Berlin Equity Research GmbH has reiterated its "Buy" recommendation for CR Energy AG, keeping the target price steady at €12. Analyst Ellis Acklin noted that the six-month report highlighted progress in core holdings operations. Financial results of the company took a lesser role, as significant earnings are expected in the latter half of 2024. The net asset value (NAV) stayed mostly constant at €394 million from January to June.

Terrabau and Solartec jointly recorded a net profit of €9.5 million in the first half. CRE expects this figure to grow when the full distribution is accounted for in the second half. Despite ongoing sector headwinds, business momentum was solid. Terrabau is set to expand into social housing, leveraging a successful blueprint that promises strong growth. CRE plans to focus on cash distributions while avoiding non-cash portfolio revaluations for now.