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Stock Analysis & Valuation7C Solarparken AG (HRPK.DE)

Professional Stock Screener
Previous Close
1.69
Sector Valuation Confidence Level
Low
Valuation methodValue, Upside, %
Artificial intelligence (AI)22.441226
Intrinsic value (DCF)2.0018
Graham-Dodd Method1.52-10
Graham Formulan/a

Strategic Investment Analysis

Company Overview

7C Solarparken AG (HRPK.DE) is a Germany-based renewable energy company specializing in the ownership and operation of photovoltaic (PV) solar farms. With a portfolio of 301 MWp spread across Germany and Belgium, the company focuses on generating clean energy while delivering stable returns to investors. Formerly known as Colexon Energy AG, the company rebranded in 2015 to reflect its commitment to solar energy expansion. 7C Solarparken AG benefits from Germany’s strong renewable energy policies and Europe’s push toward decarbonization. The company’s business model revolves around long-term power purchase agreements (PPAs) and feed-in tariffs, ensuring predictable cash flows. As a small-cap player in the solar sector, 7C Solarparken AG offers investors exposure to Europe’s growing solar energy market while maintaining a geographically diversified asset base.

Investment Summary

7C Solarparken AG presents a niche investment opportunity in the European solar energy sector. The company’s stable revenue from feed-in tariffs and PPAs provides predictable cash flows, supported by a low beta (0.578), indicating lower volatility compared to the broader market. However, its thin net income margin (0.7%) and high debt-to-equity ratio (total debt of €246.7M vs. market cap of €164.3M) raise concerns about financial leverage. The company pays a modest dividend (€0.06 per share), but its diluted EPS of €0.0055 suggests limited profitability. Investors should weigh its exposure to regulatory risks in Germany’s renewable energy market against its operational stability and growth potential in Belgium.

Competitive Analysis

7C Solarparken AG operates in a highly competitive European solar market dominated by larger utilities and independent power producers. Its competitive advantage lies in its focused regional presence in Germany and Belgium, where it benefits from established regulatory frameworks for solar energy. The company’s relatively small scale (301 MWp) limits its ability to compete on cost efficiency compared to industry giants but allows for nimble project execution. Its reliance on feed-in tariffs provides revenue stability but exposes it to policy shifts, particularly in Germany, where subsidy reductions could impact profitability. The company’s low beta suggests resilience to market volatility, but its high debt load could constrain expansion. Compared to peers, 7C Solarparken AG lacks vertical integration (e.g., in-house panel manufacturing) and relies on third-party developers, which may affect margins. Its growth prospects depend on securing new projects in a crowded market where larger players dominate utility-scale solar development.

Major Competitors

  • Siemens Energy AG (ENR.DE): Siemens Energy is a global leader in energy technology, including renewables. Its scale and diversified portfolio (wind, grid solutions) give it an edge over 7C Solarparken in R&D and project financing. However, its broader focus dilutes its solar specialization, and recent operational challenges in wind energy have impacted profitability.
  • Iberdrola SA (IBE.MC): Iberdrola is a renewable energy giant with a massive solar and wind portfolio. Its financial strength and global reach overshadow 7C Solarparken’s regional focus. However, Iberdrola’s complexity and exposure to multiple markets (e.g., Latin America) introduce geopolitical risks absent in 7C’s concentrated operations.
  • Neoen SA (NEOEN.PA): Neoen is a pure-play renewable IPP with a larger solar portfolio (3.5 GW vs. 7C’s 0.3 GW). Its presence in high-growth markets (Australia, Africa) offers diversification, but 7C’s German/Belgian focus provides regulatory stability. Neoen’s higher growth comes with greater capital intensity.
  • Clearway Energy Inc (CWEN): Clearway Energy operates in the US solar and wind markets, benefiting from economies of scale. Its yieldco structure attracts dividend investors, similar to 7C’s model. However, Clearway’s US focus insulates it from European regulatory risks but lacks 7C’s exposure to Germany’s mature solar incentives.
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