Astor Energy (ASTOR) Company Report

Following Astor Enerji’s 1Q26 results, we view the strong order inflow, details regarding capacity expansion investments, acceleration in exports, and particularly the company’s expectations for the US market shared during the analyst meeting positively. In line with the updated guidance shared by management during the analyst meeting, the contribution from new factory investments, the strong backlog outlook, and especially the growth potential in high value-added power transformers, we revise our medium- and long-term projections upward. Accordingly, we raise our 12-month target price for ASTOR to TL 405 from TL 257 while maintaining our BUY recommendation.