Daldrup & Söhne AG's Geothermal Prospects Garner Positive Outlook

Quirin Privatbank has upgraded its recommendation for Daldrup & Söhne AG to "Buy" with a target price set at EUR 28.80, following an insightful Capital Markets Day (CMD) in Pullach near Munich. The event featured key insights from CEO Mr. Tönies, board member Mr. Karl Daldrup, and a Technical University of Munich scientist, focusing on the company’s geothermal energy initiatives.

Daldrup's project in Pullach, in collaboration with Innovative Energie für Pullach GmbH (IEP GmbH), showcased the potential of geothermal energy, with specific emphasis on district heating advantages. The CMD concluded with a tour of the Pullach drilling rig, providing attendees with a comprehensive understanding of Daldrup’s business model and the prospects of geothermal technology.