SFC Energy AG Receives Updated Buy Recommendation from First Berlin Equity Research

SFC Energy AG has received an updated buy recommendation from First Berlin Equity Research GmbH. Analyst Dr. Karsten von Blumenthal increased the target price from €21.00 to €22.00. The company expects a revenue growth between 5% and 12% year-over-year in 2026, aligning with their estimates. However, the anticipated AEBITDA range of €20 million to €24 million surpasses previous estimates by 27%, leading to a revised earnings forecast for 2026.

Key drivers for 2026 include an improved product mix, including a higher contribution from the defense segment, reduced negative currency effects, and the absence of one-time costs. The defense segment is expected to be a main revenue driver in 2026. Management has highlighted strong visibility for H1 2026, predicting robust results in order intake, revenue, and profitability. Despite a minor revenue shortfall compared to guidance, SFC closed 2025 with an AEBITDA exceeding expectations.