HAMBURG (dpa-AFX) - The private bank Berenberg has downgraded Encavis from "Buy" to "Hold" and lowered its target price from 22 to 12 euros. A "perfect storm" is brewing over the wind and solar park operator, wrote analyst Thomas Junghanns in a study published on Thursday. The significant fall in electricity prices overshadowed the positive effects of the expected first interest rate cuts, falling prices for solar modules, the probable improvement in weather conditions and the accelerated expansion of capacity. Against this backdrop, the share price potential is limited./gl/ck

Publication of the original study: 28.02.2024 / 17:48 / GMT

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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