DZ Bank raises Wacker Chemie target. Wacker Chemie stock falls 1.78 percent

Wacker Chemie (ISIN DE000WCH8881) was trading at EUR 88.13 at Lang & Schwarz on October 1, 2026 at 11:50 a.m. CEST, down 1.78 percent from the EUR 89.73 prior close. On September 23, 2026, FinanzNachrichten reported that DZ Bank raised its fair value from EUR 85.00 to EUR 89.00 and retained a Hold rating.

Fair value moves to EUR 89.00

The revised fair value is only EUR 0.87 above the Lang & Schwarz price, a premium of 0.99 percent calculated against EUR 88.13. DZ Bank analyst Peter Spengler linked the change to Wacker's Refocus strategy and a better earnings perspective, according to the September 23, 2026 report.

The rating decision follows Wacker's September strategy update, which put more emphasis on selective investment and higher returns. MarketScreener reported that the group targeted an EBITDA margin of 13.00 percent to 17.00 percent and expected third-quarter EBITDA at the second-quarter level.

Second-quarter earnings improved

In the second quarter of 2026, revenue increased 7.00 percent year over year to EUR 1.52 billion from EUR 1.41 billion. EBITDA before the pension accounting effect rose 53.00 percent to EUR 175.00 million from EUR 114.00 million, according to the Yahoo Finance transcript.

Reported EBITDA was EUR 211.00 million in the same quarter, including a EUR 37.00 million non-cash pension effect. Wacker raised its full-year 2026 EBITDA outlook to EUR 625.00 million to EUR 750.00 million, while PACE savings reached EUR 45.00 million in the quarter.

Polysilicon remains the key risk

Reuters reported on September 17, 2026 that Wacker viewed the US polysilicon support framework as disappointing and would not rush a decision on its Charleston plant. The company is targeting more than EUR 300.00 million in annual gross PACE savings by 2028, while the solar polysilicon market remains exposed to regulatory uncertainty.

Wacker's next third-quarter 2026 results conference call is scheduled for October 29, 2026, according to the Yahoo Finance transcript.

Stock trades below its yearly high

Wacker Chemie stock was trading 16.57 percent below its EUR 105.60 52-week high and 41.56 percent above its EUR 62.25 52-week low as of October 1, 2026. The EUR 4.4 billion market capitalization places the specialty chemicals group in the mid-cap segment.

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