Clearvise AG

clearvise has abandoned its aggressive growth strategy for PV and wind portfolios because a share price far below book value made raising equity unattractive. Instead, the company is focusing on efficient management of its existing assets to generate high free cash flows and preserve value for shareholders. From acquired project rights, targeted implementations are planned: one PV park (5.7 MWp) is currently under construction, another (6.6 MWp) is possible; completions could enable higher‑margin sales later. The moderate portfolio growth should be financeable without new equity issuance and, according to the report, provides a basis for possible share‑price stabilization and a trend reversal. » More on finanzen.net

clearvise is implementing two previously secured solar projects in Italy: a 5.7‑MWp park has received its building permit and is being constructed, with power production due to start next year; construction approval for a neighboring 6.6‑MWp park is expected in the fourth quarter. The company continues to focus on the efficient operation of existing wind and PV assets and can generate additional income from operating revenues or potential sales. With an H1 2026 EBITDA of €15.5 million and operating cash flow of €12.2 million, clearvise reports solid fundamentals, while the stock trades at a discount of around 43% to book value. » More on finanzen.net

clearvise has signed new power purchase agreements (PPAs) for four wind farms to capitalize on the higher electricity price level and to generate additional revenue compared with previous feed‑in tariffs. The agreements confirm the optimization and earnings strategy of CEO Bernhard Gierke, who has been in office since spring, and are expected to free up profitability reserves in the portfolio. The share has begun to recover from a low but, at €1.18, remains well below book value per share of €1.94, leaving further recovery potential. » More on finanzen.net

clearvise has specified its shift to a YieldCo model and plans to optimize existing assets, improve the capital structure and deploy funds to increase value rather than pursue rapid growth. No dividend is planned for 2025; instead management intends share buybacks and targeted sales of unprofitable PV plants to repay debt. A focus is on battery storage to shift production into more lucrative market periods and reduce curtailment losses. Operationally clearvise remains stable: H1-2026 revenue €22.3m, adjusted EBITDA €16.0m; full-year guidance confirmed. » More on finanzen.net

clearvise is undergoing a transformation from growth to an operationally focused YieldCo model aimed at a reliable distribution policy. Management is selling smaller PV plants to reduce debt, proposes no dividend for 2025 and plans to use proceeds for portfolio cleanup, battery storage investments and a share buyback program. Operational management by Tion Renewables is intended to increase synergies and efficiency. In H1 2026 revenue rose to €22.3m and adjusted EBITDA to €16.0m; the 2026 full-year guidance is confirmed. » More on finanzen.net