Assessing VERBUND (WBAG:VER) Valuation As It Advances A 300 MW Pumped Storage Project

VERBUND (WBAG:VER) is moving ahead with a 300 MW pumped storage project in Germany. This step directly ties into its focus on renewable energy and large scale storage within its existing hydropower operations.

See our latest analysis for VERBUND.

The €59.35 share price has seen short term momentum pick up, with a 1 week share price return of 3.13%, even though the 90 day share price return is down 8.97% and the 1 year total shareholder return is down 5.79%. This suggests sentiment around projects like the new pumped storage plant is still…