First Berlin Reaffirms Buy Rating for SFC Energy AG

First Berlin Equity Research GmbH has reiterated its "Buy" recommendation for SFC Energy AG, maintaining a target price of €26. The research update, conducted by analyst Dr. Karsten von Blumenthal, cites continued growth in both the overall group and its Clean Energy segment, with increases of 14% and 17% respectively.

Structural growth drivers, namely civil security and defense, remain robust. These factors are expected to lead SFC back to double-digit growth by 2026. Enhanced NATO defense budgets are anticipated to result in additional defense orders, and fuel cell-based solutions for infrastructure projects could further propel growth.

Despite recent currency exchange, tariff pressures, and delays in an Indian defense project which led to a profit warning, SFC is projected to recover with a strong fourth quarter. An updated DCF model supports the unchanged target price, confirming First Berlin's positive outlook.