DGAP-News: TubeSolar AG / Key word(s): Study/Rating
First Berlin starts coverage of the TubeSolar share - Buy recommendation with price target 9.40 Euro
Augsburg, 29 October 2020 - The research house First Berlin, which focuses on small and micro caps, has started coverage of TubeSolar AG (ISIN DE000A2PXQD4, Dusseldorf Stock Exchange). In the analysis by Dr. Karsten von Blumenthal, an analyst specialising in CleanTech, TubeSolar's shares are given a buy rating and a price target of 9.40 euros, which corresponds to a price potential of around 42 percent at the time of publication. The calculation of the price target is based on a DCF model, which discounts the free cash flows generated in the future to the present value.
The analyst sees particular strengths of TubeSolar in the innovative technology for agro-photovoltaics, the existing patent protection, the low-cost and lightweight elevation with a steel cable construction and last but not least in the non-repayable investment grant of 10.8 million euros from the Free State of Bavaria.
The complete report is available on the TubeSolar AG website at www.tubesolar.de in the Investor Relations section.
About TubeSolar (www.tubesolar.de)
About First Berlin (www.firstberlin.com)
29.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Berliner Allee 65
+49 821 899 830 50
Regulated Unofficial Market in Dusseldorf
EQS News ID:
End of News
DGAP News Service