Analyst coverage

Disclaimer

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
**We do not have the study available for publication.

Date Institute Title Recommendation Price Target
03.11.2026 Baader Helvea Equity Research Powering the age of decentralized energy Buy 88.00 EUR
26.10.2026 First Berlin Equity Research

CMD and h1 report confirm buy recommendation

Buy 83.00 EUR
26.10.2026 Pareto Securities AS Data-center breakthrough drives earnings outlook – Upgrade to Buy Buy 62.00 EUR**
19.10.2026 SMC Research Surge in orders secures strong growth and creates potential for margins Buy 82.00 EUR*
16.10.2026 Cantor Fitzgerald Share price weakness looks overdone as fundamentals seem well intact Buy 90.00 EUR**
02.10.2026 Metzler - Research First Capital Marktes Day Buy 75.00 EUR
02.10.2026 Cantor Fitzgerald CMD Feedback: It's getting even better Buy 90.00 EUR**
01.10.2026 Berenberg,
Robert-Jan van der Horst
Growth story with high visibility Buy 91.00 EUR**
30.09.2026 Cantor Fitzgerald Engines warmed up, take-off in H2 Buy 90.00 EUR**
30.09.2026 First Berlin Equity Research Growth story with high visibility Buy 83.00 EUR
29.09.2026 Metzler - Research Strong order intake across all businesses Buy 75.00 EUR
24.09.2026 Cantor Fitzgerald Scoring another milestone data-centre deal Buy 90.00 EUR**
24.09.2026 First Berlin Equity Research Record order for 2G Energy - Buy rating confirmed Buy 83.00 EUR
23.09.2026 Metzler - Research 2G's Data centre opportunity - Buy Buy 74.00 EUR
18.09.2026 First Berlin Equity Research 2G's Data centre opportunity - Buy Buy 76.00 EUR
14.09.2026 Berenberg,
Robert-Jan van der Horst
Initiation, "gassing up AI" Buy 91.00 EUR**
14.09.2026 Warburg
Research
Order momentum stays intact – setback offers entry ahead of CMD. Buy 80.00 EUR*
05.08.2026 Cantor Fitzgerald Powering the data centre backup boom Buy 82.00 EUR**
13.07.2026 SMC Research Massive surge in orders secures sustained high momentum. Buy 80.00 EUR*
09.07.2026 First Berlin Equity Research "ready for take-off! Buy 73.00 EUR
27.05.2026 Warburg
Research
Data centre breakthrough confirms growth case - PT raised Buy 80.00 EUR
28.05.2026 SMC Research A major success in a business area with great potential. Buy 78.00 EUR*
27.05.2026 Metzler - Capital Markets First Data Center Power Supply Order announced Buy 74.00 EUR
27.05.2026 First Berlin Equity Research Breakthrough for 2G Energy Buy 73.00 EUR
16.04.2026 Metzler - Capital Markets Re-rating appears justified Buy 50.00 EUR
26.03.2026 First Berlin Equity Research All growth divers intact - Upgrade to buy Buy 44.00 EUR
26.03.2026 SMC Research

Major data center contracts on the home stretch
 

Buy 40.50 EUR*
25.03.2026 Metzler - Capital Markets Reassuring news Buy 38.50 EUR
30.01.2026 SMC Research Strong order momentum secures planned growth spurt Buy 40.50 EUR
29.01.2026 Metzler - Capital Markets A somewhat turbulent year draws to a close Buy 38.50 EUR

04.12.2025

First Berlin Equity Research Data Centre boom boosts 2G share Buy 38.00 EUR
02.12.2025 SMC Research

After a weak Q3, a return to growth should be achieved as early as Q4.

Buy 40.00 EUR*
27.11.2025 Warburg
Research
Growth prospects for 2026 still solidly intact despite low Q3 sales Buy 41.00 EUR
30.10.2025 SMC Research Despite missing the target in 2025, good prospects for 2026 Buy 37.00 EUR*
30.10.2025 First Berlin Equity Research Profit warning for 2025, strong growth in 2026e Buy 37.00 EUR
29.10.2025 Warburg
Research
Cut in 2025 guidance; Growth prospects for 2026 intact Buy 41.00 EUR
29.10.2025 Metzler - Capital Markets A bumpy end to the current year Buy 38.50 EUR
22.09.2025 Warburg
Research
EU Commission approves German "Biomass Package" Buy 41.00 EUR
08.09.2025 First Berlin Equity Research Strong H1, data centers are next growth driver Buy 38.00 EUR
08.09.2025 SMC Research High revenue and earnings growth despite a slight delay
(Update on the 2025 consolidated financial statements)
Buy 41.30 EUR*
05.09.2025 Warburg
Research

Temporary headwind from pending EU approval;

Growth prospects intact

Buy 41.00 EUR
04.09.2025 Metzler - Capital Markets Sales growth back in double digits Buy 39.00 EUR
13.08.2025 SMC Research Order intake again significantly above previous year Buy 41.60 EUR*
26.05.2025 First Berlin Equity Research Downgrade after strong share price increase Buy 35.00 EUR
23.05.2025 SMC Research Delays dampen Q1 figures, but
catch-up process foreseeable in subsequent quarters
Buy 37.50 EUR*
05.05.2025 SMC Research

Strong growth with increasing margins
(Update to the 2024 consolidated financial statements)

Buy 38.00 EUR*
30.04.2025 Warburg
Research
Upbeat order intake paves the way for growth; PT up Buy 41.00 EUR
15.04.2025 First Berlin Equity Research US tariff impact on 2Gs US business likely to be limited Buy 35.00 EUR
01.04.2025 Warburg
Research
Solid figures and upbeat outlook solidify investment case Buy 39.00 EUR
01.04.2025 Metzler - Capital Markets Margin expansion to continue Buy 31.90 EUR
28.02.2025 SMC Research Strong growth forecast confirmed with preliminary sales figures Buy 35.00 EUR*
27.02.2025 First Berlin Equity Research All growth drivers intact  - Buy rating confirmed Buy 35.00 EUR
27.01.2025 First Berlin Equity Research

Very good prospect for 2025 and 2026

Buy 35.00 EUR
24.01.2025 SMC Research Order numbers and initial forecast for 2026
confirm great growth opportunities
Buy
Buy 35.00 EUR*
24.01.2025 Warburg
Research
Continuation of strong order momentum in Q4 signals upbeat top-line development Buy 39.00 EUR
12.12.2024 Warburg
Research

Best Ideas 2025: Strong order book poised to bolster margin generation

Buy 39.00 EUR
21.11.2024 SMC Research Significant increase in sales with strong
improvement in earnings in Q3
Buy 35.00 EUR*
21.11.2024 Warburg
Research
Prepared for the next leap forward Buy 39.00 EUR
21.11.2024 First Berlin Equity Research Robust growth in Q3 Buy 34.00 EUR
19.11.2024 Metzler - Capital Markets

Marked sales acceleration in Q3

Buy 31.90 EUR
24.10.2024 Warburg
Research
Very strong order intake underpins attractive growth story Buy 39.00 EUR*
11.10.2024 SMC Research Strong boost in incoming orders Buy 34.00 EUR*
10.10.2024 Metzler - Capital Markets Record levels of new orders and order backlog Buy 31.90 EUR
10.10.2024 First Berlin Equity Research 2025 will be a very strong year for 2G Buy 34.00 EUR
10.09.2024 First Berlin Equity Research Return to full capacity utilisation by the end of Q3 Buy 34.00 EUR
10.09.2024 SMC Research Robust earnings development in the first half supports margin forecast
(Update on the 2024 consolidated financial statements)
Buy 34.00 EUR*
09.09.2024 Warburg
Research
Upbeat margin development amid temporary revenue dip Buy 39.00 EUR
05.09.2024 Metzler - Capital Markets Profitable growth continues Buy 31.90 EUR
02.09.2024 Warburg
Research
Upbeat order-book momentum provides strong foundation for 2025 Buy 39.00 EUR
26.08.2024 First Berlin Equity Research Record order backlog bodes well for 2025 Buy 34.00 EUR
22.07.2024 Warburg
Research
Upbeat order intake underpins growth ambitions Buy 39.00 EUR
11.06.2024 Warburg
Research
Margin enhancement underpins structural growth case Buy 39.00 EUR*
24.05.2024 First Berlin Equity Research Strong start to the new financial year Buy 34.00 EUR*
24.05.2024 First Berlin Equity Research Q1 sales and EBIT higher than expected Buy 34.00 EUR
23.05.2024 Metzler - Capital Markets

A good start into the year

Buy 31.90 EUR
29.04.2024 First Berlin Equity Research From CHP product to energy systems solution provider Buy 34.00 EUR
24.04.2024 Warburg
Research

Strong Q1 order intake underpins dynamic outlook

Buy 39.00 EUR
22.04.2024 SMC Research German revival in US business as a further growth driver
(Update on the 2023 consolidated financial statements)

 
Buy 34.00 EUR*
12.04.2024 First Berlin Equity Research

EBIT margin increased from 7.0 % to 7.6 %

Buy 34.00 EUR
12.04.2024 Warburg
Research
Sustainable margin enhancement should trigger revaluation Buy 37.00 EUR
11.04.2024 Metzler - Capital Markets Practical, affordable, good Buy 31.90 EUR
01.03.2024 Warburg
Research

Sales guidance surpassed following strong Q4 billings

Buy 37.00 EUR
01.03.2024 SMC Research After the bottleneck problems were resolved,
sales significantly exceeded the forecast
Buy 33.40 EUR*
29.02.2024 First Berlin Equity Research Strong Growth confirms buy recommendation Buy 34.00 EUR
30.01.2024 Warburg
Research
Upbeat order intake and updated mid-term guidance underline growth trajectory Buy 36.00 EUR
29.01.2024 SMC Research Strong recovery in incoming orders leads to forecast increase for 2025 Buy 33.00 EUR*
26.01.2024 First Berlin Equity Research Strong Q4 order intake and higher 2025 sales guidance Buy 34.00 EUR
26.01.2024 Metzler - Capital Markets

Strong order intake and increase in sales guidance

Buy 31.50 EUR
05.12.2023 SMC Research The margin trend is clearly pointing upwards Buy 31.50 EUR*
04.12.2023 First Berlin Equity Research

Visibility on growth into 2025

Buy 34.00 EUR
30.11.2023 Warburg
Research
Strong margin generation despite economic headwinds Buy 36.00 EUR
27.10.2023 Metzler - Capital Markets

Annual targets confirmed; sales growth continues

Buy 31.50 EUR
26.10.2023 Warburg
Research
Strong order intake points to upbeat 2024 performance Buy 36.00 EUR
13.09.2023 First Berlin Equity Research Takeover is accelerating entry into large heat pumps Buy 34.00 EUR
11.09.2023 Warburg
Research
Strong H1 performance driven by international business Buy 36.00 EUR
08.09.2023 Metzler - Capital Markets

Margins and order intake on the right track

Buy 31.50 EUR
01.09.2023 Metzler - Capital Markets Acquisition of heat pump specialist Buy 31.50 EUR
31.08.2023

Warburg
Research

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

Tailwinds for 2G after Strong Q1

Buy 33.00 EUR