$DIS (-0,11%)
$PLTR (-1,15%)
$SRT (-1,85%)
$NXPI (-1,57%)
$PYPL (-0,71%)
$PEP (+0,13%)
$TER (-1,31%)
$CPRI (-0,65%)
$MRK (+0,11%)
$PFE (-0,04%)
$TTWO (+0,6%)
$EA (-0,04%)
$AMD (-2,19%)
$MDLZ (+0,08%)
$LUMN (-3,4%)
$SMCI (-1,83%)
$7011 (-0,12%)
$6752 (-1,68%)
$6367 (+3%)
$UBSG (-1,02%)
$GSK (+0,99%)
$UBER (-0,81%)
$ABBV (+0,53%)
$LLY (-0,24%)
$GOOG (-0,8%)
$ELF (-0,21%)
$QCOM (-0,95%)
$SNAP (-0,77%)
$WOLF (+0,75%)
$ARM (-1,13%)
$VOLCAR B (-1,4%)
$6758 (+1,02%)
$SHL (-0,08%)
$SAAB B (-1,56%)
$5401 (-0,33%)
$MAERSK A (-0,05%)
$R3NK (-1,4%)
$BMY (+0,04%)
$BMW (+0,68%)
$EL (+6,37%)
$ROK (-0,63%)
$PTON (-2%)
$KKR (-0,25%)
$LIN (-0,6%)
$RL (-0,76%)
$AGCO (-0,25%)
$RBLX (-0,9%)
$FTNT (-0,77%)
$REDDIT (-0%)
$ILMN (-1,99%)
$WMG (-0,65%)
$IREN (-4,12%)
$MSTR (-7,59%)
$AMZN (-0,91%)
$KOG (-2,31%)
$ORSTED (-1,21%)
$PM (+0,06%)
$WEED (-0,59%)

$PLTR (-1,15%)
$GOOGL (-0,77%)
$AMZN (-0,91%)
$IDXX (+3,41%)
$RMBS (-2,75%)
$AMD (-2,19%)
$PEP (+0,13%)
$MRK (+0,11%)
$ETN (-0,3%)
$AMGN (+0,03%)
$ADM (-0,82%)
$PFE (-0,04%)
$UBER (-0,81%)
$LLY (-0,24%)
$NOVO B (-2,93%)
$BSX (-0,38%)
$ABBV (+0,53%)
$QCOM (-0,95%)
$ARM (-1,13%)
$ELF (-0,21%)
$CCI (-0,51%)
$IREN (-4,12%)
$BMY (+0,04%)
$MSTR (-7,59%)
$RBLX (-0,9%)
$TEAM (-0,7%)
$EL (+6,37%)
$SYM
$DIS (-0,11%)
$PYPL (-0,71%)
$CMG (-0,35%)
$ALV (+1,33%)
$LIN (-0,6%)

Which figures do you pay particular attention to?

Hello ✌️😊

We've had a pretty solid start to the year on the stock market so far and I wanted to briefly present my strategy for 2026.

Unfortunately, I have to disappoint some of you and I can no longer make my typical scalable purchases several times a week 😂

Since I've been almost all in since my Advent calendar offensive
I will take it a little easier in 2026 and expect an investment budget of around €15,000, so 4-5 of my beloved €250 purchases per month should be possible😊👍

Due to the now quite high portfolio size, I can only increase my portfolio by approx. 3% through new investments. The price gains in 2026 in comparison are currently €19,000, so the snowball is slowly taking over and new investments will always play a smaller role in the return games.

In contrast to 2025, when I did make some changes, I am largely satisfied with my positions and will continue to expand one or two positions bit by bit at my leisure. With a 42% IT share in the portfolio and a fairly strong run so far, there are hardly any plans to buy into the sector. Alphabet and Microsoft are the only two companies where I might add one or two shares.

Otherwise I will add to
$BRK.B (-0,04%)
$LIN (-0,6%)
$WM (+0,2%)
$RSG (-0,45%)
$AWK (+0,18%)
$UNP (+0,12%)
$APO (-0,4%)
$BRO (-0,15%)
add to the portfolio.

In the long term, I want to invest a maximum of €10,000 in each position, with the exception of Alphabet and Microsoft.

With around €350,000 invested so far, there's still a lot to do with 70 positions over the next few years.✌️😊

Dear Community,

At the end of the year, I would like to share my portfolio and my strategy with you.

I am 38 years old, have been in the stock market since 2024 and am aiming for financial freedom at the age of 58. Time will tell whether that will work out... 😉 I'm not investing to maximize my profits, but to be able to live a relaxed life in the long term. To this end, I have deliberately separated my investments into two portfolios with a clear purpose.

Portfolio 1 - Growth (ING)

$VWCE (-0,62%) , $XNAS (-0,61%) , $WGLD (-6,58%) and as an admixture some Bitcoin via ETP $IB1T (-8,31%) .

This portfolio is saved monthly until 58 and then remains more or less untouched.

My savings rates would be:

800€ $VWCE (-0,62%)

375€ $XNAS (-0,61%)

150€ $WGLD (-6,58%)

0€ $IB1T (-8,31%) - Position is currently at 10% and should rest for the time being

Portfolio 2 - Cash flow (SC)

Here I am investing via 2 dividend ETFs ($VHYL (-0,43%) , $TDIV (-0,31%) ) and selected quality stocks to build up a steadily growing cash flow. All distributions are reinvested equally in the ETFs. Furthermore, a small cushion is built up here via $XEOD (+0,03%) is built up here.

My savings rates would be

250€ $XEOD (+0,03%)

200€ $VHYL (-0,43%) - Start January 26

200€ $TDIV (-0,31%) - Start January 26

425€ Individual assets (as required, no savings plan, no obligation)

My individual stocks:

Allianz $ALV (+1,33%)

Munich Re $MUV2 (+0,51%)

Procter & Gamble $PG (+0,04%)

PepsiCo $PEP (+0,13%)

Johnson & Johnson $JNJ (-0,06%)

Novo Nordisk $NOVO B (-2,93%)

Lime $LIN (-0,6%)

ADP $ADP (+0,02%)

Waste Management $WM (+0,2%)

Siemens $SIE (+0,18%)

Accenture $ACN (-0,21%)

Alphabet $GOOGL (-0,77%)

Itochu $8001 (-0,69%)

visas $V (-0,19%)

No speculation, no trading. For most people here, extremely boring... 😴 But hopefully the selection will bring some stability to the portfolio in turbulent times. 😉

For the time being, we will stick with these stocks and gradually buy more when good opportunities arise. Each individual position will of course be capped later and should make up between 2-3% of the portfolio (including the proportion within the ETFs). Alphabet would be an exception.

The reallocation idea

Nothing is invested from 58. The plan is to reallocate around 5 % annually from custody account 1 to custody account 2. In this way, growth is gradually converted into cash flow - without significant erosion of assets. And in the best-case scenario, my growth portfolio can continue to grow. I consciously accept taxes 😉

Thank you for reading and have a successful 2026.

P.S. My allocation doesn't fit yet because I've been focusing more on my individual stocks in recent weeks. Chart is also not meaningful because of ING Autosync and Itochu split 🥲

The "Welt" financial editorial team has drawn up a proposal for a solid equity portfolio that pays dividends every week. This works with a combination of individual shares that pay dividends with a time lag.

US stocks are particularly suitable for this, as they usually pay out four times a year. Investors should not be blinded by the sheer amount of the dividend. Hajek (Rheinische Portfolio) warns against concentrating on supposedly high-dividend sectors: "Those who focus exclusively on utilities, pharmaceuticals and banks, for example, are missing out on growth momentum from tech and innovation."

With foreign shares, investors must be prepared for pitfalls such as withholding tax or currency risks. On the other hand, you can cover 48 weeks of the year with just twelve American blue chips, with twelve times four staggered distributions.

This is possible with this portfolio, for example:

• Month 1 of the quarter

Coca-Cola $KO (+0,3%), Altria Group $MO (+0,16%), Cisco Systems $CSCO (-0,42%), Stryker $SYK (-0,21%)

• Month 2 of the quarter

General Mills $GIS (+0,81%), Deere & Co. $DE (-0,37%), Procter & Gamble $PG (+0,04%), Paychex $PAYX (-0,18%)

• Month 3 of the quarter

Visa $V (-0,19%), Johnson & Johnson $JNJ (-0,06%), McDonald $MCD (+0,25%) and Linde plc. $LIN (-0,6%)

Source text (excerpt) & graphic: Welt, 26.12.25

Buy the already largest single stock position? Check.

Good morning, dear getquin community.

I've been looking closely at the CSP hybrid ecosystem from China recently and listened to an interesting article by futurologist Lars Thomsen. Today I would like to tell you why I think this system is one of the most exciting energy projects of the coming years. I don't want to withhold the results of this research from you.

Before we get into the topic, a quick word about the last post.

Thank you for your strong interaction, support, likes and participation. It was good to see that so many of you sent a clear signal to getquin to finally get things moving. It was just as nice to see that it @Tenbagger2024 motivated you to carry on and give new impetus. It's moments like this that keep the community together.

Speaking of momentum.

Today I'm giving you a new one. Because what is currently being built in China is more than just an energy project. It is a blueprint for an infrastructure that, in my eyes, puts coal and nuclear power plants in the shade.

Before we start, a quick note. I already wrote a first post on this topic. I'm now building on this, but in a much more comprehensive, clearly structured way and with more details so that the connections are easier for you to grasp.

I also @SAUgut777 had already addressed the topic back then, so I would like to mention him here as well. I'm including the link to my earlier article, China is reshaping the sun and Energy 4.0 Part 1. https://getqu.in/OIMCfh/
https://getqu.in/G4f1Tk/

The global energy transition will not be won by individual technologies but by integrative systems that must fulfill two decisive factors: Scalability and base load capability . What we are currently seeing in China is the construction of the most modern energy infrastructure that radically solves the decades-old problem of solar and wind volatility. Not with wind turbines and solar panels alone, but with a system that supplies base load, integrates storage and enables scaling. The centerpiece is the CSP Hybrid Ecosystemin which solar thermal energy, photovoltaics and gigantic battery storage units are combined to create a continuous 24/7 power source power source.

Technically explained: The new paradigm is the CSP hybrid ecosystem. It combines the rapidly erected photovoltaic (PV) fields with the thermal storage of Concentrated Solar Power (CSP) plants and complements both with massive Battery Energy Storage System (BESS). This intelligent coupling provides stable electricity 24 hours a day, 7 days a week and makes the system a direct and superior competitor to coal and nuclear power.

How the system works

1. mirrors collect sunlight

The surface at the bottom left consists of many movable mirrors (heliostats, point 1).

They are constantly aligned with the sun and focus the light onto the top of the tower (reflected sunlight, point 2).

2. the tower heats a heat medium

The solar oven (3) is located at the top of the tower.

There, the concentrated light hits a system of pipes through which a heat-conducting fluid runs (typically molten salts or oil).

This fluid becomes extremely hot, often several hundred degrees (4).

3. heat is converted into vapor

At the bottom of the building, the hot fluid transfers its energy to water in the steam generator (6), turning it into steam under high pressure (7). Pumps (5) keep the cycle going: hot fluid → cooled fluid → back up into the tower.

4. turbine and generator produce electricity

The pressurized steam drives a turbine (8). The turbine is connected to a generator (10), which converts the mechanical energy into electricity.

5. steam is liquefied again

The steam then enters the condenser (9), cools down and becomes water again. Then it goes back into the steam generator.

6. feed into the power grid

The electricity is brought to a higher voltage via a transformer (11) and fed into the grid via the high-voltage lines (12).

The gigawatt comparison and the true added value. A modern nuclear power plant constantly supplies around 1 GW to 1.6 GW of power. This output is continuous but extremely expensive, inflexible and ties up capital for over a decade. A CSP hybrid park in the Chinese desert can achieve a peak output of 5 GW. However, the real added value is the guaranteed base load capacity of 1 GW to 3 GW that can be called up 24/7 thanks to integrated thermal storage and batteries. This intelligent coupling provides stable electricity and makes the plant a direct and superior competitor to coal and nuclear power. This is the disruptive difference: the new generation delivers the same necessary base load but with much higher capital efficiency and 10 years shorter construction time. This makes nuclear power plants an outdated investment model.

The economic key lies in China Speed. It takes ten to 15 years for a nuclear power plant to produce any electricity at all. The Chinese mega bases reach base load capability in 18 to 24 months. This rapid time to market reduces capital costs and raises profitability to a level that is unattainable for traditional power generation.

🌍 Globalization of the Sun Belt: 8 investment pillars

China is exporting the hybrid model to the entire global sunbelt. MENA, North Africa, South America, Australia and Central Asia are among the new core markets. The pipeline is growing every year. The investment opportunities lie in the 8 fundamental pillars that make this infrastructure possible:

1. optics and mirror technology - These companies provide the optical basis for every CSP park

Big players

$SGO (-0,19%) Saint-Gobain (EPA: SGO) - France - World leader in specialty glass and high-tech materials. Supplies glass solutions and coatings for heliostats and CSP mirror systems.

Schott AG - Germany, private - Specialty glass and receiver tubes for many of the existing CSP plants. Key role in collector efficiency and lifetime.

Hidden champions

Rioglass Solar - Spain, private - Market leader for curved mirrors and receiver components especially for CSP parks. Strong in projects in Spain, MENA and Latin America.

Flabeg FE - Germany, private - High-precision mirrors for solar thermal energy. Supplies optics that directly determine the efficiency of power plants.

$000012 CSG Holding - China, Shenzhen - Large Chinese glass manufacturer with a growing focus on solar and CSP glass products.

2. storage chemistry and thermal media - They supply the chemical storage media for molten salt storage and heat transfer

Big player

$NTR (-0,21%) Nutrien (NYSE: NTR / TSX: NTR) - Canada - One of the largest fertilizer and nitrate suppliers in the world. Supplies nitrates for thermal storage and molten salt mixtures.

$YAR (-0,84%) Yara International (OSE: YAR) - Norway - Global fertilizer company. Produces nitrates and nitrogen chemicals that can be used in molten salt storage facilities.

$OCI (+0,09%) OCI N.V. (AMS: OCI) - Netherlands - Produces hydrogen and natural gas-based products, including nitrogen chemicals for thermal storage solutions.

Hidden Champions

$SQM (-4,33%) Sociedad Química y Minera (NYSE: SQM) - Chile - Lithium and specialty chemicals producer. Supplies lithium and nitrate salts for battery and thermal storage.

$MIN (+3,42%) Mineral Resources (ASX: MIN) - Australia - Combines lithium mining and processing. Important for lithium-based storage chains.

$SOLB (-1,88%) Solvay (EBR: SOLB) - Belgium - Specialty chemicals and heat transfer fluids, relevant for CSP and storage applications.

3. battery and energy storage systems (BESS) - The combination of BESS and thermal storage is the real 24/7 engine of CSP parks

Big player

$3750 (-0,57%) CATL - China - World market leader for EV batteries and large-scale storage. Supplies complete BESS systems for grids and CSP hybrid parks.

$1211 (-6,29%) BYD Co Ltd - China - Integrated battery and system provider. Provides energy storage systems for industrial and utility-scale applications.

$373220 LG Energy Solution (KRX: 373220) - South Korea - Global cell supplier with a strong focus on high-performance cells for e-mobility and stationary storage.

$SMSN (-4,15%) Samsung SDI (KRX: 006400) - South Korea - Premium cells and modular storage solutions for grid and industrial applications.

Hidden Champions

$FLNC (-4,05%) Fluence Energy (NASDAQ: FLNC) - USA - Joint venture between Siemens Energy and AES. Market leader in turnkey large-scale storage projects and operating software.

Powin Energy - USA, private - System integrator for utility-scale storage with a strong presence in North America and Asia.

$300274 Sungrow Power Supply (SZSE: 300274) - China - Well-known for inverters, growing strongly in the area of integrated BESS solutions for large-scale projects.

4. HVDC, cables and power transmission - HVDC turns desert power into exportable base load power

Big player

$HTHIY (-1,69%) Hitachi Energy - Switzerland / Japan, part of the Hitachi Group $HTHIY - World leader in HVDC converters, substations and grid control.

$PRY (-1,74%) Prysmian (BIT: PRY) - Italy - Largest manufacturer of high-voltage cables and submarine cables, central role in European HVDC projects.

$NEX (-1,55%) Nexans (EPA: NEX) - France - Specialized in power and submarine cables, important for long-distance transmission of desert electricity to Europe.

$ABBN (-0,48%) ABB (SWX: ABBN) - Switzerland - HVDC converters, switchgear and grid automation for large-scale projects.

Hidden Champions

$NKT (-1,99%) NKT A/S (CPH: NKT) - Denmark - Cable specialist with a focus on high-voltage and offshore wind connections.

Taihan - South Korea, private - Major Asian manufacturer of high-voltage cables with a growing export share.

$ANA (-0,33%) Acciona (BME: ANA) - Spain - Not only EPC, but also active in grid connections and infrastructure for large-scale renewable projects.

5. hydrogen and Power-to-X - Surplus electricity from hybrid parks is processed into green hydrogen

Big player

$LIN (-0,6%) Linde plc (NASDAQ: LIN) - Ireland / global - The world's largest industrial gases group. Plans, builds and operates large-scale electrolysis and liquefaction plants for green hydrogen.

$NCH2 (+0,7%) thyssenkrupp nucera (XETRA: NCH2) - Germany - Specialist for multi-gigawatt scale alkaline electrolyzers, key supplier for industrial H2 projects.

$NEL (-1,92%) Nel ASA (OSE: NEL) - Norway - Pure hydrogen player with focus on electrolyzers and H2 tank infrastructure.

Hidden Champions

$PLUG (-1,65%) Plug Power (NASDAQ: PLUG) - USA - PEM electrolysis, fuel cells and H2 infrastructure, increasingly involved in large-scale projects.

$BE (-2,63%) Bloom Energy (NYSE: BE) - USA - Develops higher efficiency solid oxide electrolyzers for industrial H2 generation.

$ITM (-1,38%) ITM Power (LSE: ITM) - United Kingdom - Focused on utility-scale PEM electrolysis, strong in European project business.

$HPUR (+2,96%) Hexagon Purus (OSL: HPUR) - Norway - Specialist in high-pressure tanks and transportation solutions for compressed hydrogen.

6. EPC, engineering and construction - These companies enable construction in less than two years

Big players

$601669 Power Construction Corporation of China (SSE: 601669) - China - One of the largest engineering and construction groups in the world. Builds dams, large-scale PV and CSP plants, including grid connection.

$601727 Shanghai Electric Group (SSE: 601727) - China - Full-service provider for CSP, turbines, storage integration and EPC services.

$ANA (-0,33%) Acciona (BME: ANA) - Spain - Global EPC player for solar, wind and CSP, strong in MENA and Latin America.

Hidden champions

SEPCO III - China, private - Highly specialized EPC for large power plants and CSP projects, often partner in Saudi Arabia and North Africa.

$WOR (+0,64%) Worley Limited (ASX: WOR) - Australia - Engineering and project services provider for energy infrastructure, including hybrid and storage projects.

$3996 (-2,39%) China Energy Engineering Corp (HKEX: 3996) - China - Large state-owned EPC group, active in the development of solar and grid projects in Asia, Africa and MENA.

7. turbines and power plant technology - CSP Hybrid is ultimately based on modern thermal power technology, only climate neutral

Big player

$ENR (-0,19%) Siemens Energy (XETRA: ENR) - Germany - Turbines, generators, switchgear and grid solutions. Core supplier for the thermal side of CSP hybrids.

$GE (-0,68%) General Electric (NYSE: GE) - USA - Steam turbines and power plant technology used directly in hybrid farms and thermal storage systems.

Hidden champions

$1072 (-1,82%) Dongfang Electric (HKEX: 1072) - China - Major turbine and power plant equipment supplier, strong in domestic market and MENA project.

$1133 (-4,67%) Harbin Electric (HKEX: 1133) - China - Manufacturer of turbines, generators and power plant components, active in large-scale conventional and renewable power plants.

8. blade manufacturers and construction materials for CSP hybrid parks

8.1 Construction and mining equipment

Big Player

$CAT (-0,99%) Caterpillar (USA, NYSE: CAT) - World's largest manufacturer of construction and mining equipment, dozers, excavators, dump trucks, generators. Provides heavy equipment for earthmoving, foundation construction and park infrastructure.

$6301 (+4,39%) Komatsu (Japan, TSE: 6301) - Number two worldwide in construction and mining equipment. Excavators, wheel loaders, large dump trucks and special machines used in desert projects and large construction sites.

$SAND (-2,04%) Sandvik (Sweden, OMX: SAND) - Drilling technology, rock processing, wear parts. Important for foundation construction, cable routes and the raw materials side of the value chain.

$EPI A (-1,63%) Epiroc (Sweden, OMX: EPI A) - Drilling rigs and underground equipment, wherever CSP infrastructure is built on difficult terrain.

Hidden champions

$6305 (+4%) Hitachi Construction Machinery (Japan, TSE: 6305) - Strong presence in Asia and MENA, large excavators and wheel loaders for deserts and large construction sites.

$DE (-0,37%) Wirtgen Group / John Deere $DE (USA) - Road construction, milling, compaction. Benefit from the expansion of access roads, platforms and logistics around CSP parks.

8.2 Steel, tubes and sections

Big player

$MT (-0,58%) ArcelorMittal (Luxembourg, NYSE: MT) - Global steel group with flat and long products. Supplies beams, sections and structural steel for tower structures, racks and infrastructure.

$5401 (-0,33%) Nippon Steel (Japan, TSE: 5401) - High-quality steel for energy and infrastructure applications, including heat-resistant steels.

$TEN (-1,51%) Tenaris (Luxembourg/Argentina, NYSE: TS) - Leading manufacturer of seamless steel tubes for energy, pipelines and high-pressure systems. Relevant for heat exchanger circuits, media pipelines and infrastructure in the CSP environment.

$VK (-1,66%) Vallourec (France, EPA: VK) - Specialty tubes and high-performance steels for energy projects, including high-temperature pipelines.

Hidden Champions

$5411 (-2,18%) JFE Holdings (Japan, TSE: 5411) - steels and tubes for large-scale projects, with a focus on Asia.

$TUB (-0,73%) Tubacex (Spain, BME: TUB) - Seamless stainless steel tubes for high temperature and corrosive environments, directly relevant for CSP heat and process piping.

$NXT Nextpower (USA) - Steel-intensive tracker systems for PV fields. Important in hybrid parks where PV and CSP are combined.

$ARRY (-1,42%) Array Technologies (USA) - Similar to Nextracker, focus on utility-scale tracking systems.

8.3 Cement, concrete and construction chemicals

Big player

$HOLN (+0,16%) Holcim (Switzerland, SIX: HOLN) - The world's leading supplier of cement and concrete. Supplies foundation concrete, specialty mortars and infrastructure construction materials for major projects, including desert locations.

$HEI (+0,11%) Heidelberg Materials (Germany, Xetra: HEI) - Strong player in Europe, North Africa and Asia. Cement, concrete and aggregates for foundations, turbine houses, storage blocks.

$CX (-0,48%) Cemex (Mexico, NYSE: CX) - Globally active in cement and concrete, supplier for infrastructure in MENA and the Americas.

$CRH (-0,68%) CRH plc (Ireland, NYSE: CRH) - Building materials group with a focus on infrastructure, road construction and precast concrete products.

Hidden Champions

$ULTRACEMCO UltraTech Cement (India, NSE) - India's largest cement manufacturer, relevant for CSP projects in the subcontinent and neighboring regions.

Votorantim Cimentos (Brazil, private / regionally listed) - Strong supplier in Latin America with a direct link to infrastructure and energy projects.

8.4 Industrial components, heat exchangers and process equipment

Big player

$ALFA (+0,14%) Alfa Laval (Sweden, OMX: ALFA) - Heat exchangers, pumps and separators. Key components for thermal storage, steam generation and process heat in CSP plants.

$FLS (-0,38%) Flowserve (USA, NYSE: FLS) - Pumps, valves and sealing systems for high-temperature and high-pressure circuits in energy plants.

$SPX (+0%) Spirax Group (UK, LSE: SPX) - Steam and condensate technology, control valves and heat exchange systems, important for the fine control of thermal circuits.

Hidden champions

$IMI (+0,63%) IMI plc (UK, LSE: IMI) - Specialty valves and control technology for the energy and process industries, especially for demanding media.

$KSB (-1,45%) KSB SE (Germany, Xetra) - Pumps and valves for the energy, water and process industries. Suitable for cooling water, heat transfer media and storage systems in CSP parks.

🎯 Conclusion and outlook

The CSP hybrid ecosystem eliminates the weaknesses of renewable energies and uses China Speed as an economic lever. This combination creates a capital efficiency that will overtake traditional energy generation in the long term. The investment opportunities range from the Asian battery giants to the European HVDC specialists.

The fundamental question is whether European regulators can adjust the speed of the approval process to allow the continent to keep up with the pace of the Sahara projects and the European EPC companies operating there, or whether the continent will be left behind in terms of energy self-sufficiency.

Takeaway

The real investment case lies in the efficiency superiority of the CSP hybrid system. The ability to provide gigawatts of base load within two years, coupled with thermal storage and BESS, makes this infrastructure one of the strongest energy models of the future. This benefits optics, chemistry, BESS, HVDC, hydrogen, EPC and turbine manufacturers.

Sources: own research + IEA, IRENA, NREL, Fraunhofer ISE, SolarPACES, World Bank, Ember Climate, company reports & technical documentation of the companies mentioned.

Image: https://videos.winfuture.de/27754.mp4

Getty Images, Illustrative image - JLStock / Shutterstock.com

I realized that my portfolio is very tech-heavy and has been underperforming the market the last few days. I thought I would ask several AIs (for fun) how they would adjust my portfolio to remain growth-oriented but with more diversification and some stability.

Here is the list:

Tech:

6% $NV

5% $GOOGL (-0,77%)

5% $AMZN (-0,91%)

4% $MSFT (-0,68%)

5% $ASML (-2,1%)

5% $2330

4% $CSU (+0,26%)

5% $PANW (-0,84%) (new)

4% $CRWD (-1,1%)

6% $INTU (-0,21%) (new)

4% $CRM (-0,24%)

Industry:

3% $ETN (-0,3%) (new)

3% $APH (-1,75%)

3% $HEI (-0,27%)

Health:

4% $NOVO B (-2,93%)

4% $LLY (-0,24%) (new)

3% $ISRG (-0,72%) (new)

Finances:

4% $V (-0,19%)

3% $NU (-1,76%)

Energy/commodities:

6% $LIN (-0,6%) (new)

2% $NEE (+0,38%) (new)

Infrastructure:

3% $WM (+0,2%) (new)

Consumption:

9% $COST (-0,21%) (new)

The Ki:

BYD, Xiaomi, Iris Energy, Hims and Hers, Sofi, Applied Digital, Coreweave, Ondas, Rocket lab. Quasi China and all the hype stocks

However, AI has been arguing with itself. It thought Crowdstrike should be replaced by Palo Alto and, if Palo Alto was in, it should be replaced by Crowdstrike. The same with Novo and Eli lilly, visa and mastercard, salesforce and service now.

What do you think of the AI "optimized portfolio"?

$LIN (-0,6%)

Linde, the world's largest industrial gases manufacturer, is defying the sluggish economy.

In the third quarter, turnover rose by three percent to 8.66 billion dollars.

Two percentage points of this was due to price increases, the rest to acquisitions.

Adjusted net profit climbed by five percent to 1.99 billion dollars.

With earnings per share of 4.21 dollars, Linde exceeded its own forecasts as well as analysts' expectations, which averaged 4.18 dollars according to LSEG data.

CEO Sanjiv Lamba attributed this to further cost reductions, among other things. "Despite stagnating industrial activity, Linde employees have once again shown resilient results." However, a rapid recovery of the economy is not to be expected.

Linde therefore limited its profit expectations for the year as a whole:

Earnings per share would be between 16.35 and 16.45 dollars. Previously, Linde had given a range of 16.30 to 16.50 dollars - that would be an increase of five to six percent. In the fourth quarter, 4.10 to 4.20 dollars are expected.

The Group is sticking to its investment plans of 5.0 to 5.5 billion dollars for this year.

The best performance in the third quarter was in the Americas region, where demand in the electronics, manufacturing and metal and mining markets increased and prices rose by three percent.

In Europe, Africa and the Middle East, price increases were unable to compensate for lower sales, with only acquisitions lifting turnover by three percent.

Unlike in America and Asia, however, the return on sales in the region rose sharply, probably due to currency effects.

Linde Engineering, the plant engineering division based in Germany, recorded a 15 percent drop in sales to 519 million dollars, with an operating profit of 101 million dollars.