- SFC Energy AG: METZLER starts coverage of SFC Energy with a buy recommendation and a price target of EUR 24.00
Brunnthal/Munich, Germany–METZLER Capital Markets has started coverage of SFC Energy AG (F3C: DE, ISIN: DE0007568578). Analyst Alexander Neuberger issues a buy recommendation with a price target of EUR 24.00, based on a DCF-based valuation. Based on the current share price, the independent expert sees upside potential of around 46%.
In the initial study, analyst Neuberger emphasizes SFC Energy as one of the rare investment opportunities in the renewable energy sector outside the solar and wind-power players, and sees SFC Energy’s fuel cells as an integral part of remote energy solutions. In particular, the hydrogen initiative in Germany and the associated government investment incentives with a volume of EUR 7.0 bn represent a great opportunity for SFC Energy, as the company is one of the few players with high expertise in the field of hydrogen-based fuel cells.
“I see the current corona crisis as a catalyst for SFC to focus on industries with stable growth trends, such as defense and renewable energy, which will allow the Group to generate decent returns in the future,” says analyst Alexander Neuberger.
The initial study by METZLER Capital Markets can be found on the website of SFC Energy AG under the following link:
About SFC Energy AG
SFC Energy AG is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With more than 45,000 fuel cells sold worldwide, SFC Energy is a sustainably profitable fuel cell producer. The Company has award-winning products and serves a range of applications in Clean Energy & Mobility, Defense & Security, Oil & Gas and Industry markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857, ISIN: DE0007568578).