2G Energy Lifts 2027–2028 Guidance After Another 400-Million-Euro Order Quarter
Published on 09/29/2026 at 17:10 | Editorial boerse-global.de
A fresh surge in orders has pushed 2G Energy's management to raise its medium-term revenue targets, and investors responded in kind. The combined heat and power specialist booked more than EUR 400 million in new orders during the third quarter of 2026, repeating the scale of intake that has reshaped its backlog over recent months. Shares climbed 6.8% to EUR 60.40 on the news, giving the company a market value of EUR 1.05 billion.
The revised outlook now puts 2027 revenue at EUR 600 million to EUR 650 million, up from a previously communicated range of EUR 570 million to EUR 620 million. For the first time, the board also offered a concrete target for the following year: EUR 750 million to EUR 850 million in 2028.
Data Centres and Mining Underpin the Order Intake
Large infrastructure contracts are doing the heavy lifting. A data-centre project accounting for 275 megawatts of total capacity represents a substantial slice of the recent business, while a sizeable mining-sector contract was already locked in during July. Demand for decentralised power supply at energy-intensive facilities is proving a powerful catalyst — data-centre operators in particular need reliable on-site generation to sidestep bottlenecks in public grids.
That dynamic is also visible across the Atlantic. Energy Vault ordered power-generation systems with a combined 275 megawatts of capacity for data centres roughly a week ago, with revenue recognition to follow progressively as individual units arrive in the United States. Beyond hardware delivery and installation, 2G Energy secures long-term service income across the full lifecycle of the machines — a combination of high-margin service and strong hardware utilisation that underpins the case for future valuation premiums.
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Full-Year 2026 Targets Held at the Top End
For the current year, the board continues to expect revenue at the upper end of its EUR 440 million to EUR 490 million range, alongside an EBIT margin of 9.5% to 10.5%. That implies a sharp acceleration in the second half, since the first six months of 2026 delivered total output of EUR 184.0 million, a decline of 4.7% year on year, with the EBIT margin thinning to 0.6% from 3.3% a year earlier. Management frames that softness as temporary, with earnings strength expected to concentrate in the final quarter. How quickly the swollen order book is worked off will determine the pace at which the planned revenue jumps actually materialise.
A Divided Analyst Community Ahead of Capital Markets Day
The acceleration has not produced a consensus on valuation. Parmantier & Cie reiterated a sell rating and a EUR 39.00 price target on 25 September, warning of risks. Berenberg took the opposite view on 14 September, initiating coverage with a "Buy" rating and a EUR 91.00 target, highlighting growth potential from a capacity expansion to roughly 750 megawatts by the end of 2027.
Even after the latest jump, the stock sits 22% below its 52-week high of EUR 76.95. Investors will get their next opportunity to scrutinise management's plans in detail at the capital markets day on 1 October.
2G Energy at a turning point? This analysis reveals what investors need to know now.
The bull case rests on the leverage a massive backlog should exert over coming quarters — a picture that a single glance at the thin first-half margin fails to capture. If the US deliveries proceed on schedule, the optimistic 2026 forecasts should remain within reach, and the medium-term uptrend has room to continue.
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