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

Date	Institute	Title & Recommendation
11.09.2023	Warburg Research	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
31.08.2023	Warburg Research	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
24.02.2023	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*
23.05.2022	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