Berenberg ups SFC Energy to 'buy', shares rise

SFC Energy AG

25/02/2026 07:53

** Berenberg ups German hybrid energy firm SFC Energy F3CG.DE to "buy" from "hold" after profitability beat expectations and defence projects began to stabilise

** The brokerage cites "surprisingly high" margins in Q4 compared to a rather flat Q3 figures, affected by the postponements in a large defence project in India and slower growth in the U.S.

** Despite the lower top line, Q4 adjusted EBITDA and adjusted EBIT came in at 16.6 million and 8.9 million euros, respectively, both beating market's expectations of 14.8 million and 7.0 million euros, Berenberg adds

** The company published its preliminary Q4 and full-year results earlier this week

** Out of 6 analysts that cover SFC Energy F3CG.DE, five rate the stock "strong buy" or "buy" and one rates it "hold" - LSEG data

** Shares are up 4% at 07:52 GMT

(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))