Berenberg ups E.ON as share dip offers 'window of opportunity'

E.ON SE

26/08/2026 09:16

** Berenberg upgrades E.ON EONGn.DE to "buy" from "hold" on a "window of opportunity", citing the recent share dip and upside potential from power infrastructure upgrades
** The broker says the market overreacted in response to a draft published by Germany's energy regulator on the return on equity for gas networks – E.ON shares lost roughly 3.5% between Aug 14-25
** Berenberg sees this as an opening for investment in an "attractive" utility which can keep scaled-up growth and investments in its power networks
** Berenberg expects E.ON to accelerate investments into power networks on "demand, need, and political will" for German infrastructure upgrade
** It lifts 2029-2035 EPS forecast by an average of 3%; it expects E.ON to exceed its planned 2026-2030 investments
** Out of 22 analysts covering E.ON, 15 rate it "strong buy" or "buy" and seven "hold" - LSEG data
($1 = 0.8570 euros)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))