ENCAVIS AG

Earnings Release • Nov 28, 2014

News Details

Corporate | 28 November 2014 15:41

Capital Stage AG: Analysts raise price targets

DGAP-News: Capital Stage AG / Key word(s): Research Update/9-month
figures

28.11.2014 / 15:41

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• Berenberg and WGZ Bank increase price targets and confirm "buy" ratings
• Long-term strategic partnership with Gothaer Group provides Capital Stage
  with the potential to double its production capacities

Hamburg, 28 November 2014 - Berenberg and WGZ Bank have raised their price
targets for the Capital Stage share on 25 November 2014 from 5.40 to 6.00
Euros and on 28 November 2014 from 5.50 to 6.50 Euros respectively and
reconfirmed the "buy" rating for the share. The revaluations reflect the
recently reported strategic cooperation with Gothaer Group. In their
analyses both research institutes evaluate the strategic partnership
positively in all aspects. The partnership would enable the company to gain
access to fresh investment capital without the need of implementing further
capital increases.

At the beginning of November 2014 Capital Stage AG had announced the
conclusion of a long-term strategic partnership with Gothaer Group in the
field of renewable energies. In the context of the strategic partnership,
Gothaer Group will provide to Capital Stage profit participation rights
capital amounting to a total of 150 million Euros for a period of 20 years.
Capital Stage plans to have the funds fully invested in European solar
parks already by the end of 2015. Thus the company could potentially double
its current production capacity of 313 MWp to around 600 MWp.

Today, on 28 November 2014, Capital Stage AG disclosed its financial
statements for the third quarter of the year 2014. The company had already
disclosed key figures in mid-November 2014 in a company announcement in
advance.

The full financial report can be found on the website of Capital Stage AG
at http://www.capitalstage.com/en/investor-relations/publications.html.

The complete research reports can be found on the website of Capital Stage
AG at http://www.capitalstage.com/en/investor-relations/research.html.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France and Italy with a capacity totalling to around 313 MWp,
making it Germany's largest operator of solar parks. Its solar and wind
parks generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.

Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been included in the Deutsche Börse selective index SDAX in
March 2014.

For further information about the company, please visit
www.capitalstage.com

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Language: English
Company: Capital Stage AG
Große Elbstraße 45
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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