Vestas Wind Systems Action Forum

Analsyst updates, 08.11.

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- GOLDMAN upgrades BIONTECH from Neutral to Buy and raises price target from USD 90 to USD 137. $BNTX (+3,76 %)

- BOFA raises target price for UNDER ARMOUR from USD 9 to USD 13. Neutral. $UAA (-12,43 %)

- DEUTSCHE BANK RESEARCH raises the price target for DELIVERY HERO from EUR 29 to EUR 35. Hold. $DHE

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 197 to EUR 200. Buy. $SIE (-2,51 %)

- JEFFERIES raises the price target for HOCHTIEF from EUR 135 to EUR 138. Buy. $HOT (-1,48 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS HEALTHINEERS from EUR 60 to EUR 62. Buy. $SHL (-1,29 %)

- DEUTSCHE BANK RESEARCH raises the price target for NORDEX from EUR 18 to EUR 19. Buy. $NDX1 (-0,04 %)

- DEUTSCHE BANK RESEARCH raises the price target for RATIONAL from 832 EUR to 841 EUR. Hold. $RAA (+2,46 %)

- DEUTSCHE BANK RESEARCH raises the target price for AXA from 37 EUR to 39 EUR. Buy. $CS (-1,29 %)

- WARBURG RESEARCH raises the price target for BASTEI LÜBBE from EUR 11.70 to EUR 12.20. Buy. $BST (-0,52 %)

- DEUTSCHE BANK RESEARCH raises the price target for ARCELORMITTAL from EUR 28 to EUR 29. Buy. $MT (-1,08 %)

- DZ BANK raises the price target for SWISS RE from CHF 130 to CHF 140. Buy. $SREN (-0,8 %)

- ODDO BHF raises the price target for HEIDELBERG MATERIALS from EUR 99 to EUR 110. Neutral. $HEI (+1,13 %)

- KEPLER CHEUVREUX raises the price target for DAIMLER TRUCK from EUR 35 to EUR 41. Hold. $DTG (-4,27 %)

- KEPLER CHEUVREUX upgrades REDCARE PHARMACY from Reduce to Hold. $RDC (+9,53 %)

- ODDO BHF raises the price target for HENKEL from EUR 67 to EUR 73. Neutral. $HEN (+0,21 %)

- ODDO BHF raises the price target for FREENET from EUR 27 to EUR 28. Neutral. $FNTN (+4,72 %)

- BARCLAYS raises the target price for ABOUT YOU from EUR 3.10 to EUR 3.40. Underweight. $YOU (-6,6 %)

- BARCLAYS raises the target price for NEMETSCHEK from EUR 108 to EUR 125. Overweight. $NEM (-0,52 %)

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- BOFA lowers the price target for PINTEREST from USD 45 to USD 39. Buy. $PINS

- WARBURG RESEARCH lowers the price target for DAIMLER TRUCK from EUR 56 to EUR 55. Buy. $DTG (-4,27 %)

- UBS lowers the price target for JCDECAUX from EUR 21.60 to EUR 18.50. Neutral. $DEC (-12,18 %)

- WARBURG RESEARCH lowers the price target for ADTRAN HOLDING from EUR 9.70 to EUR 9.30. Buy. $ADTN (+7,68 %)

- ODDO BHF lowers the price target for NORDEX from EUR 18 to EUR 17. Outperform. $NDX1 (-0,04 %)

- BARCLAYS lowers the target price for VESTAS from DKK 99 to DKK 80. Underweight. $VWS (-2,71 %)

- KEPLER CHEUVREUX lowers the price target for FRAPORT from EUR 62 to EUR 59. Buy. $FRA (+2,15 %)

- BARCLAYS lowers the target price for GSK from GBP 15.50 to GBP 14.50. Equal-Weight. $GSK

- BERENBERG lowers the price target for COMPUGROUP from EUR 23 to EUR 21. Buy. $COP (-0,13 %)

- BERENBERG lowers the price target for JUNGHEINRICH from EUR 41 to EUR 39. Buy. $JUN3 (-0,16 %)

- JEFFERIES lowers the target price for SUSS MICROTEC from EUR 87 to EUR 75. Buy. $SMHN (+1,16 %)

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- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (-2,66 %)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (-0,3 %)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (+0,66 %)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (-1,29 %)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-1,11 %)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (-2,01 %)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (+0,12 %)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (+2,7 %)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (+0,73 %)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (-1,11 %)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (-1,43 %)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (+0,67 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (+0,07 %)

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- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (+5,8 %)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (+0,73 %)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (+0,58 %)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (-1,38 %)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (+2,31 %)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (+1,5 %)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-2,71 %)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (+2,43 %)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (+2,7 %)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (+2,46 %)

- WARBURG RESEARCH lowers the price target for KLÖCKNER & CO from EUR 6 to EUR 5.70. Buy. $KCOB

- HAUCK AUFHÄUSER IB lowers the target price for NORMA GROUP from EUR 32 to EUR 27. Buy. $NOEJ (-2,65 %)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (-1,01 %)

- LBBW lowers the price target for ALLGEIER from EUR 24 to EUR 20. Buy. $AEIA

- BARCLAYS lowers the price target for HENKEL from EUR 79 to EUR 77. Equal-Weight. $HEN (+0,21 %)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (+0,5 %)

Time for a little update 🧐

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From the original 77 positions, 46 are now left.

Many well-known, large companies that were considered safe have left my portfolio and some have been replaced by more speculative growth stocks. 😜

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This week I sold my meme stocks, among other things:

$RKH (-1,88 %)

$GKP (-0,49 %)

$VWS (-2,71 %)

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Now the Reits are relatively high on the hit list, in particular $NNN (+3,7 %) and what continues to be a topic of indecision for me are the Magnicent 7. On the one hand the best and strongest stocks of the time, on the other hand already strongly represented in the ETFs, but also their drivers.

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How many shares do I want to reduce the portfolio to? Here, too, I am now torn. The original target would have been 30 stocks. However, I am increasingly convinced that the ideal portfolio size is 10 positions, like fingers on hands. But I think it will be very, very difficult to reduce my portfolio any further.

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I have one question for you. How do you deal with acquisitions when a stock has run away from you, so to speak? In my case, for example $PLTR (+5,8 %)
$1810 (-1,51 %) and $SOFI (+9,03 %) . I would like to increase this position, but I'm already a bit up. An additional purchase would destroy my average purchase price.

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Unpopular trades Part XXII

Was bought $META (+0,4 %) 🤫

And although I don't believe in share savings plans, I have actually activated a savings plan on $BRK.B (+1,54 %) activated. As I am very convinced of Berkshire based on my latest findings.

New addition to the depot. I actually wanted to join this $UKW (-0,31 %) club, but find the shovel builder more exciting than the prospectors ;)

If you are interested in renewables and hydrogen (shares), here is an extremely easy to understand podcast that deals with many airlock theories such as the resurgence of nuclear energy.

can be listened to on the side

https://www.youtube.com/watch?v=fbSEfu6g3c4

$NEL (-4,59 %)
$VWS (-2,71 %)
$UKW (-0,31 %)$FSLR (-0,63 %)
$SEDG (-8,53 %) and for whom it might still be relevant

$NEE (+3,84 %) Opened a new position today via one-time investment. A nice combination with $VWS (-2,71 %) to cover renewable energies.

Wind power plant expansion in Germany

I have just come from a lecture on building law in which the new Wind Energy Area Requirements Act (WindBG), which will come into force on February 1, 2023, was presented.

This was launched by the Ministry of Economics and has the goal that by the end of 2032 2% of the state's land area in Germany should be used for wind turbines (WEA) on a mandatory basis.

This is regulated individually for each federal state and depends on the area of the state (Table: Contribution parameters).

The current ACTUAL value is unfortunately difficult to determine, as the areas are individually regulated, unfortunately I have not found anything reliable.

From a documentation of the Bundestag from 6.8.2022 shows that according to the Energy Watch Group by 2030 23.903 WTGs will be needed. For this purpose 11.140 new + renewed turbines will be needed.

However, according to the German Wind Energy Association the number of wind turbines depends on many factors, such as the size of the area or the layout of the site. These go in a calculation of a total of approx. 35.000 new WTGs with higher rated power.

Now I asked myself in the lecture which companies there are in the industry and above all which are listed on the stock exchange. (With regard to the expansion in DE)

Spontaneously I thought of Vestas Wind $VWS (-2,71 %) of which I have already seen several turbines.

Which companies come to your mind?

Have you already dealt with the topic?

I would be happy about an exciting exchange!

Sources:

• BauGB 52nd edition WindBG
• Documentation of the Bundestag: https://www.bundestag.de/resource/blob/920010/1b3b64814f254ca223d8a9eb85b7ea24/WD-8-062-22-WD-5-101-22-pdf-data.pdf