CropEnergies AG

CropEnergies AG is a Germany-based manufacturer of bio-ethanol from cereals and sugar beet. As by-product of bio-ethanol, the Company also produces various food and animal feed products, such as ProtiWanze, a liquid protein animal feed for feeding ruminants and pigs, as well as a high-grade dry stillage protein animal feed produced by drying and in some cases by pelletization. Next to that, the Company also produces neutral alcohol for the beverage, food, cosmetics and pharmaceutical industries, as well as for industrial applications, such as the production of windscreen washer fluid and disinfectants. The Company operates production facilities in Germany, Belgium, the United Kingdom and France, and has trading offices in Brazil, Chile and the United States.

• PPA pricing trends ($/MWh) (leading)
• Order book / installed capacity backlog (leading)
• Installation cost curves (LCOE) (trend)
• Inverter / battery $/kWh trajectory (trend)
• Grid-interconnection queue depth (coincident)

• China solar/wind tariffs + IRA domestic-content rules · exposure: very high
• Rare-earth supply (China = ~85% global rare-earth processing) · exposure: high
• Permitting + grid-connection bottlenecks · exposure: high
• Energy security policy shifts · exposure: medium-high

• MW shipped / installed — core volume metric
• EBITDA margin % — 8-15% manufacturers; 20-40% developers
• Order backlog months — 12-24 months healthy
• Capacity factor (utility scale) — wind 35%+, solar 18%+, varies geo
• LCOE trajectory — decreasing = competitive vs grid

Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.