Energiekontor AG: Continued Growth and Positive Forecasts

Energiekontor AG has released its first-quarter 2026 interim report, showcasing significant progress in its project development. The company's achievements include 652 MW either under construction or having achieved financial close, marking a new record. In comparison to the previous year’s first quarter, this represents an 82% increase.

In the power generation segment, Energiekontor produced 193 GWh, benefitting from favorable wind conditions, which resulted in a 31% year-on-year increase in output. The management has reaffirmed its earnings before taxes (EBT) forecast for 2026, projecting between €40 million and €60 million.

Despite uncertainties regarding the timing of UK onshore wind Contracts for Difference (CfDs), investor interest has climbed, reflected in a near 60% stock price increase over the last two months. The company's valuation remains attractive, with a 2027 price-to-earnings ratio forecast at 10. First Berlin Equity Research maintains a "Buy" rating with an unchanged target price of €66.