Singulus has landed a strategic deal with Poland’s ROLTEC for Europe’s first CIGS thin-film solar fab, marking a major step into the EU’s reindustrialized solar value chain. Paired with a recent win from WIKA in industrial sensors, these orders signal a rebound in momentum following a weak Q1 order intake, de-risking the full-year guidance. Importantly, both contracts lay the groundwork for deeper, long-cycle partnerships that can generate recurring revenue through services, retrofits, and follow-on tools. In particular, the emerging tandem PV opportunity with ROLTEC may unlock significant future value, positioning Singulus at the core of next-generation solar manufacturing. mwb research’s analysts maintain their Speculative BUY rating and EUR 4.00 price target, as the company progresses toward structurally more resilient earnings and revenue streams. The full update can be found under https://research-hub.de/companies/singulus-technologies-ag

Company Name: Scandinavian Astor Group AB ISIN: SE0019175274   Reason for the research: Update Recommendation: BUY from: 20.05.2025 Target price: SEK 40.00 Target price on sight of: 12 months Last rating change: Analyst: Henry Wendisch Two high margin acquisitions and further upside visible Earnings call highlights further upsid [ … ]

Performance One (PO1) is undergoing a strategic transformation into a focused holding company for AI and digital health, while the legacy digital services unit may be divested this year. To finance the current restructuring, a capital increase of up to EUR 0.84m is underway, offering 522,292 shares at EUR 1.60 each. The subscription period ends on May 23, 2025. For FY25, management guides for stable revenues of EUR 9.0–9.5m and an EBITDA of EUR 0.4–0.7m. A key-milestones in Q1: the mental health app harmony received a ZPP certification, enabling reimbursement by German health insurers. In the view of mwb research, this a convincing achievement supporting the new strategy. For the time being, the dilution (c. 44%) of the capital increase has not been considered, but the analysts maintain their BUY rating with an unchanged target price of EUR 4.40, reflecting long-term upside from a clearer structure and scalable assets. The full update can be downloaded under https://www.research-hub.de/companies/research/Performance%20One%20AG

MS Industrie reported its Q1 25 results, with CEO Dr. Andreas Aufschnaiter providing additional insight during the earnings call. The results reflect steady operational improvement. Revenue came in at approx. EUR 36m, down 33% yoy due to the sale of the “MS Ultrasonic” division in mid-2024, limiting direct yoy comparability. However, sequential performance showed clear progress: revenue increased 11.4% vs. Q3 24 and 22.7% vs. Q4 24. EBITDA returned to positive territory at EUR 1.5m despite ramp-up costs in the U.S., while EBIT also improved. The order backlog grew 12% to EUR 81.2m, supporting profitability. Management raised FY25 guidance to EUR 150m and reiterated a cautious outlook for FY26–27, backed by secured orders. With further diversification into off-road sectors such as medtech and a potential rebound in the truck market from 2026 onwards, mwb research’s analysts reiterate their BUY rating and raise their PT to EUR 2.50 (from EUR 2.40). The recording of the earnings call is available here: https://research-hub.de/events/video/2025-05-19-14-00/MSAG-GR The full update can be downloaded under https://research-hub.de/companies/ms-industrie-ag

TIN INN is disrupting the small-town hospitality sector by designing, building, and operating compact, sustainable hotels made from repurposed sea freight containers. Targeting underserved cities with populations of 20,000–200,000, the company leverages a vertically integrated, digital-first, and automated model to address labor shortages and reduce operational costs. With its own production facility enabling rapid, scalable rollout, TIN INN plans up to 300 locations in Germany, with potential expansion abroad and applications in student housing or micro-apartments. Its ESG-friendly, modern accommodations follow a blue ocean strategy, tapping into a neglected market segment. Based on DCF and supported by a peer group, mwb research initiates coverage of TIN INN with a BUY rating and a price target of EUR 9.10. The company after a direct listing in the Scale segment presents a high-growth, early-stage investment opportunity with strong scalability and profitability potential. The full update can be downloaded under https://research-hub.de/companies/tin-inn-holding-ag

Company Name: Jaguar Health Inc ISIN: US47010C8055   Reason for the research: Initiation of Coverage Recommendation: Buy from: 19.05.2025 Target price: USD 60.00 Target price on sight of: 12 months Last rating change: - Analyst: Christian Orquera First Berlin Equity Research on 19/05/2025 initiated coverage on Jaguar Health, Inc [ … ]

Company Name: init innovation in traffic systems SE ISIN: DE0005759807   Reason for the research: Update Recommendation: Buy from: 19.05.2025 Target price: 55.00 Last rating change: Analyst: Ralf Marinoni Full year guidance confirmed In Q1-25, init received orders totaling EUR 75.7m, significantly below the all-time high previous [ … ]

Company Name: Delticom AG ISIN: DE0005146807   Reason for the research: Update Recommendation: Buy from: 19.05.2025 Target price: 4.20 Last rating change: Analyst: Daniel Kukalj, CIIA, CEFA Good start into FY 2025 Delticom AG remained focused on profitable growth during Q1 2025 with revenues growth of 9.0% yoy. This positive deve [ … ]

Company Name: Knaus Tabbert AG ISIN: DE000A2YN504   Reason for the research: Dreimonatsbericht Recommendation: Kaufen from: 19.05.2025 Target price: €29 Target price on sight of: 12 Monate Last rating change: - Analyst: Ellis Acklin First Berlin Equity Research hat ein Research Update zu Knaus Tabbert AG (ISIN: DE000A2YN504 [ … ]

Company Name: INDUS Holding AG ISIN: DE0006200108   Reason for the research: Update Q1 2025 Recommendation: Buy from: 19.05.2025 Target price: 32,25 Euro Target price on sight of: 12 month Last rating change: no change Analyst: Daniel Großjohann, Thomas Schießle Q1 2025 impacted by economic environment – indirec [ … ]