Jefferies analyst Constantin Hesse maintained a Hold rating on verbio Vereinigte BioEnergie (0NLY – Research Report) today and set a price target of €10.50.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Constantin Hesse has given his Hold rating due to a combination of factors impacting verbio Vereinigte BioEnergie’s financial performance. The company’s recent quarterly results fell short of expectations, largely due to reduced profitability in the biodiesel segment. This was influenced by a challenging market environment for biofuels, exacerbated by persistently low prices for GHG certificates.
Additionally, Verbio’s management has adjusted its EBITDA guidance for the fiscal year to the lower end of the projected range, indicating potential further reductions in financial estimates. While technical issues in Nevada have been resolved, and there is optimism for a recovery in GHG certificate prices in 2025, the current market conditions remain a concern. Consequently, despite some positive developments, the overall outlook remains cautious, justifying the Hold rating.
According to TipRanks, Hesse is an analyst with an average return of -6.1% and a 42.13% success rate. Hesse covers the Industrials sector, focusing on stocks such as Nordex, NEL ASA, and PowerCell Sweden AB.