FRANKFURT (dpa-AFX Broker) - Baywa climbed almost 9 percent to its 50-day line on Friday after a buy recommendation from Baader Bank. The papers of the agricultural group cost 34.85 euros again, after they had still approached their low for the year at 30.30 euros on Wednesday.

Analyst Rene Rückert described Baywa as a sleeping beauty that is slowly awakening with the new group CEO. He said Baywa had been overlooked and undervalued by investors, but was now focusing on return on capital (Roce) and cash inflows, which could trigger a revaluation.

Investors probably haven't yet realized that the group will probably be predominantly a renewable energy group from 2025, Rückert said. If you look at the valuations in this sector, there is immense room for maneuver./ag/mis