E.ON Weighs Turning Shuttered Nuclear Sites Into Data Centres as Capex Resolve Weighs on Shares
Published on 11/12/2026 at 06:22 | Editorial boerse-global.de
E.ON is examining whether the sites of Germany's retired nuclear power plants could be repurposed as data centres, chief financial officer Nadia Jakobi said during a presentation following the group's results, according to Reuters. The review covers a possible new use for the former plant locations, though no decisions or timelines were disclosed.
The disclosure came alongside a separate technology push. On 5 November, E.ON, the enviaM group and NEURA Robotics agreed a partnership to develop so-called Physical AI for inspecting and monitoring energy infrastructure. MITNETZ STROM is to trial the applications in grid operations, with the partners expecting their first practical experience in 2027.
Profit edges higher as operating result holds steady
For the first nine months of 2026, E.ON reported adjusted group EBITDA of EUR 7.1 billion, a figure that matched the prior-year period. Adjusted group net income rose 4% to EUR 2.2 billion, meaning earnings grew even as the adjusted operating result stayed flat. Investments over the same stretch totalled EUR 5.2 billion.
Should investors sell immediately? Or is it worth buying E.ON?
With the nine-month figures, E.ON confirmed both its full-year forecast for 2026 and its outlook through 2030 without change.
Capex stance draws the market's attention
What unsettled investors was the group's decision to stick with its investment plans when analysts had been looking for an increase. dpa-AFX cited the unchanged spending plans as a possible trigger for the negative market reaction to the nine-month numbers. The stock shed 1.9% yesterday to close at EUR 18.91 and was down a further 2.4% today at EUR 18.82. Reuters reported that the news did not encourage investors to buy.
Deutsche Bank Research described the figures as in line with expectations. In the analysis house's view, regulatory decisions were what investors had their eyes on.
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E.ON Stock: New Analysis - 12 November
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