First Berlin reiterates Buy on Enapter, cuts price target to EUR 1.3

First Berlin reiterated its Buy rating on Enapter, cutting its 12-month price target to EUR 1.3 from EUR 1.4. H1 2026 revenue rose 91% to EUR 10.8 million; EBITDA loss narrowed to EUR 4.5 million from EUR 8.1 million. Operating loss widened to EUR 28.5 million, driven by a EUR 19.8 million impairment tied to the Saerbeck campus handover. Enapter terminated its partnership with Clean H2; it plans a full H2 write-off of a roughly EUR 17 million receivable. First Berlin said the updated DCF reflects higher interest rates; it sees 28% upside to the new target. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enapter AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26890) on September 24, 2026, and is solely responsible for the information contained therein. (C)