16H·

Solar power with a focus on the German market

$HRPK (+0.67%) has had a difficult time, as can be seen from the chart.

But the trough could be over and I think the share is now slightly undervalued. Sales revenues rose by 6% in the third quarter. Ebitda even rose by 21% to 53m compared to the previous year.

The company is also finally entering the BESS market. A share buy-back program has been successfully completed and the board members have recently made a name for themselves with insider purchases.

What do you think of the stock? Could $HRPK (+0.67%) could benefit from the urgently needed boost on the German electricity market and do you also see potential for an upward trend here?

#rtw

4 Comments

Krush82@Krush82

16H

somehow the EBITDA of 53 million promises more than is left over in the end

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TD@Routine123

16H

53M EBITDA with 67M revenue, and going negative in a business of the provision of construction and installation of solar power plants? Never heard of them, but margin in that line is 5- 10%, so whole context sticks out, and this sound interesting as stock is going down the drain. Have they pivoted in a way that they build and operate their own assets? If so, this might get really interesting. @Hotte1909 can you throw couple of words to clarify since you tracked them.

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Keineui@Keineui

15H

@Routine123 to my understanding they built and operate their assets. Repowering becoming a main scheme in 2026 forward.

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Dirk aus Stade@dirko68

15H

I would be delighted if things were to pick up again. A dividend would also be nice again. I'm down over 60% and can't bring myself to part with it.

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