4D·

Solar power with a focus on the German market

$HRPK (-0,37 %) 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 (-0,37 %) could benefit from the urgently needed boost on the German electricity market and do you also see potential for an upward trend here?

#rtw

6 Comentarios

TD@Routine123

Took a look at financial statments and 2030 strategy. Financial statement documents look unlolished and crappy to be honest, and not with too many details besides mandatory things. On the other side idea with BESS aligns with majority of serious BESS providers. I am bit impressed with level of technical information and what they are trying to achieve with it. On the downside CAPEX for such cases is high, but so can be reward in shortages where prices goes up which is 25x the average price. I tried to sum things up via ballpark value and it doesn't seem that company is so undervalued. The positive things is that team obviously knows what is doing and what tried to achieve to open new income streams with existing assets. At the moment it doesn't seems to me that this is potential tenbagger, however it can surely deliver steady and good returns in future years without too much volatility, even without buybacks. At this price even with just taking eye on company I am thinking about entering, and if it overperforms (ability to break barriers and utilise BESS services will have impact on it) then I will gradually increase positions. From what I see stock declined almost 99% from ATH, so many are cautious.

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Keineui@Keineui

Thanks for your insight

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Krush82@Krush82

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

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TD@Routine123

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

@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

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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