Here is the company report on Betolar in Tommi’s style 
Betolar’s Q3 review remained commercially subdued, as revenue and orders fell short of our expectations and new projects have not yet compensated for the concluded infrastructure project. We lowered our forecasts for the upcoming quarters close to the realized levels. According to our estimate, current financing is sufficient until 2028, but proving value requires commercial evidence before the next funding round we expect. The stock’s risk level is extremely high, and the Capital Markets Day on November 26 is the next important checkpoint. Following the decline in share price, the risk-reward ratio is slightly better than before, which is why we upgrade our recommendation to Reduce (prev. Sell) and reiterate our target price of EUR 0.90.