SFC Energy jumps after Canada order and ahead of German stimulus vote

SFC Energy AG

18/03/2025 08:20

** Shares of SFC Energy F3CG.DE jump 12% to a two-year high after a follow-up order worth more than CAD 5 mln ($3.5 mln) from the Canadian government and ahead of Germany's awaited decision on a fiscal package

** The world's largest producer of direct methanol fuel cells (DMFC) says the order includes an option for a two-year extension which could further increase the contract value

** Aside from the order, SFC looks set to benefit from Germany's EUR 500 bln infrastructure package and higher defence spending, First Berlin Equity Research analyst Karsten von Blumenthal says

** The government is set to vote on the proposed infrastructure fund and easing of constitutional debt rules by conservative election winner Friedrich Merz later on Tuesday

** European shares were generally set for a higher start on Tuesday, ahead of the highly anticipated vote on the package that could stimulate growth in the region as a whole

** SFC Energy was trading up 12.1% at 26.9 euros per share at 0806 GMT, its highest since February 2, 2023

($1 = 1.4284 Canadian dollars)

 (Reporting by Marleen Kaesebier in Gdansk)

 ((Marleen.Kaesebier@thomsonreuters.com))