Analyst coverage


None of the reports published on this homepage should be construed as a recommendation, offer or solicitation to acquire, or dispose of any shares of 2G Energy AG, they are for information purposes only. The reports are prepared for professional investors only and they are not intended for private investors. The authors do not accept any liability whatsoever for any direct or consequential loss arising from any use of material contained in these reports.


In addition to the reports listed below there are required research reports as the shares of 2G Energy AG are listed on the trading segment Scale, a part of the Open Market (Regulated Unofficial Market) on the Frankfurt Stock Exchange. These can be viewed here.

Analyst coverage

* available in German only

Date Institute Title & Recommendation
11.09.2023 Warburg
Strong H1 performance driven by international business
Buy, Price target: 36.00 EUR
01.09.2023 Metzler - Capital Markets Acquisition of heat pump specialist
Buy, Price target: 31.50 EUR


Upbeat growth prospects for pioneer in hydrogen CHP market
Buy, Price target: 36.30 EUR
29.08.2023 First Berlin Equity Research Strong growth in H1 - Upgrate to Buy
Buy, Price target: 33.00 EUR
02.08.2023 SMC Research Delays in receiving orders,
but there are already signs of revival
Buy, Price target: 33.00 EUR*
02.06.2023 First Berlin Equity Research

Tailwinds for 2G after Strong Q1
Buy, Price target: 33.00 EUR

26.05.2023 SMC Research Product offensive sets additional medium-term growth impulses
Buy, Price target: 31.70 EUR
25.05.2023 Metzler - Capital Markets

Picking up speed again
Buy, Price target: 31.50 EUR

03.05.2023 SMC Research

Forecasts well supported by orders
Buy, Price target: 30.00 EUR
(Update to the 2022 consolidated financial statements)

28.04.2023 First Berlin Equity Research Very good start to the new year
Buy, Price target: 32.00 EUR
03.04.2023 First Berlin Equity Research Further sales and margin growth
Buy, Price target: 31.00 EUR
31.03.2023 Metzler - Capital Markets All targets confirmed
Buy, Price target: 31.50 EUR
24.02.2023 First Berlin Equity Research 2022 Revenue above forecast
Buy, Price target: 31.00 EUR


SMC Research Strong final spurt in 2022
Buy, Price target: 30.00 EUR
21.11.2022 First Berlin Equity Research Production running smoothly, costly under control
Buy, Price target: 31.00 EUR
21.11.2022 Metzler - Capital Markets

Solid growth continues
Buy, Price target: 31.50 EUR

21.10.2022 First Berlin Equity Research

2G remeains on its growth trajectory
Buy, Price target: 31.00 EUR

20.10.2022 Metzler - Capital Markets

Mixed picture in Q3; 2G remains confident about growth
Buy, Price target: 31.50 EUR

06.09.2022 First Berlin Equity Research Good H1 despite difficult environment
Buy, Price target: 31.00 EUR
05.07.2022 SMC Research Operational uptrend shows no weakness
Buy, Price target: 35.00 EUR*

SMC Research

Overall performance and incoming orders are highly dynamic
Buy, Price target: 140.00 EUR*
25.04.2022 First Berlin Equity Research

Well positioned for accelerated energy transition
Buy, Price target: 123.00 EUR

12.04.2022 First Berlin Equity Research

Is 2G immune to macroeconomic headwinds?
Buy, Price target: 123.00 EUR

11.04.2022 Pareto

A solution for the looming heat gap next winter
Buy, Price target: 145.00 EUR

04.04.2022 Metzler - Capital Markets

One of the few alternatives to the heat pump in the future
Buy, Price target: 134.00 EUR*

04.04.2022 SMC Research

Increasing need for efficient power supply
Buy, Price target: 140.00 EUR*

02.03.2022 First Berlin Equity Research

High uncertainty on the natural gas market
Buy, Price target: 120.00 EUR

21.01.2022 Metzler - Capital Markets

Momentum in order intake remains very high
Buy, Price target: 123.00 EUR

21.01.2022 SMC Research

Strong demand leads to raising the Forecast for 2022
Buy, Price target: 123.00 EUR*

21.01.2022 First Berlin Equity Research

Sales guidance increased - upgrade to buy
Buy, Price target: 133.00 EUR

10.01.2022 Metzler - Capital Markets

The classification of gas power as green means tail wind
Buy, Price target: 123.00 EUR