German Renewable Firms Hope Partnerships Will Revive Share Prices

Energiekontor and P&T Technology are among the German renewable energy companies that bet seeking a partner may help revive their shares after earnings missed targets and foreign expansion plans faltered.

Shares of Energiekontor and P&T Technology have dropped more than two fifths so far this year, while the stock of rival Umweltkontor Renewable Energy has halved. The shares all trade below the price at which they were originally sold to investors.

Opposition to the construction of new windmills in Germany and a slower than expected expansion abroad have burdened the country's renewable energy companies, which two years ago drew investors amid optimism a new energy law would boost growth.

“Companies and investors have reduced their expectations to a more realistic level,” said Christian Schindler, an analyst at Landesbank Rheinland-Pfalz. “The international expansion in particular has proven more difficult than expected.”

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