Operational Revival Propels Singulus to 52-Week High, but Chinese Investor Heads for the Exit
28.06.2026 - 05:04:46 | boerse-global.de
Singulus Technologies has staged one of the most dramatic turnarounds in German small?cap land this year, with its shares more than quintupling since January. Yet even as order books swell and a strategic partner provides the financial firepower for a fresh start, the largest shareholder is preparing to walk away.
The company’s first?quarter numbers tell the story of a business that has suddenly clicked into gear. Revenue climbed to €21.8 million, up from €16.4 million a year earlier, while EBIT surged to €2.2 million from just €0.5 million. More striking still, order intake exploded from €6.4 million to €28.8 million — more than triple the prior?year level. That momentum comes from several fronts: a repeat US order for MicroLED capacity expansion, a new mandate for MRAM production equipment, and a delayed large?scale solar contract signed in March that pairs Singulus with an unnamed global technology leader, likely a US group, for next?generation perovskite tandem solar cells.
Underpinning the operational rebound is a clean financial slate. An undisclosed strategic partner has provided a comprehensive refinancing package, including a secured convertible bond of roughly €3.5 million, and is also backing the solar cooperation. Singulus has now fully retired its legacy debt and set ambitious full?year targets: revenue of about €83 million (up from €48.3 million in 2025) and a low single?digit million euro profit.
Should investors sell immediately? Or is it worth buying Singulus?
At the bourse, the narrative has powered a breathtaking 417% year?to?date gain. The stock closed Friday at €7.58, just 3.32% shy of its 52?week high of €7.84. Technical indicators flash warning signs: the 14?day RSI sits at 68.8 — a hair’s breadth from the classic overbought threshold of 70 — while annualised 30?day volatility stands at a hair?raising 84%. The shares trade 36% above the 50?day moving average of €5.58 and a staggering 181% above the 200?day average of €2.69. There was no fresh corporate catalyst over the weekend; the current rally is being fuelled by older announcements, including the early bond repayment in May and the disclosure in June that the largest holder was ready to sell.
That looming block trade is the counterweight to the optimism. Chinese industrial group Triumph Science and Technology holds a 16.75% stake — around 1.5 million shares — and intends to offload the entire position to a new investor. The identity of the buyer remains unknown, and the direction of the stock between now and the half?year report in August will be heavily influenced by how that parcel is placed.
Looking ahead, the next scheduled catalyst is the first?half results, due in August 2026. In the meantime, macro data such as the European Central Bank’s flash inflation estimate for the euro zone in June, due in July, could colour sentiment for industrial and technology names. Should the rally lose steam, a pullback towards the 50?day moving average at €5.58 would not be a surprise. If buying pressure persists, the 52?week high at €7.84 provides the next obvious target — though with the biggest shareholder at the exit door, the path will likely be anything but smooth.
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