The analysts at First Berlin and SMC Research have a positive view of the 2G Energy share despite weak figures for the third quarter. Both research houses see the company's long-term growth opportunities intact and have raised their price targets. First Berlin confirms its ADD recommendation and raises its target price by one euro to EUR 38, while SMC Research rates the share as Buy and sets a target price of EUR 40, up from EUR 39.
First Berlin emphasizes that 2G Energy is benefiting from the increasing demand for modular gas-fired power plants, which can be realized more quickly than large power plants. In addition, two tenders for Ukraine could have a positive impact on the current year. The forecast for 2026 with sales of EUR 440 to 490 million and an EBIT margin of 9 to 11 percent was confirmed by the company. Should 2G Energy be awarded the contract for a large data center with more than 100 megawatts, the forecast for the coming year could be raised.
SMC Research sees the decline in the third quarter as temporary and points to the record order backlog of EUR 250 million. Growth prospects remain strong, particularly through the marketing of large heat pumps and projects in the data center sector. The Ukraine orders could reach a volume of EUR 15 to 30 million in 2026, which further supports the forecasts.
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