First Berlin Equity Research has published a research update on 2G Energy AG (ISIN: DE000A0HL8N9). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and increased the price target from EUR 76.00 to EUR 83.00.

Abstract
2G Energy has received a 275 MW order from Energy Vault, a listed US energy infrastructure solutions company, to install power supply systems for AI data centres. This is by far the largest order in 2G’s history (FBe: €275m). The systems are scheduled for delivery between Q4/27 and Q3/28. Due to significantly increased visibility, we have raised our forecasts for 2028E and subsequent years. The data centre business remains 2G’s primary revenue driver. Other key growth levers include the German biogas market, tenders for German natural gas reserve power plants, and the large heat pump business. An updated DCF model yields a new price target of €83 (previously: €76). We reiterate our Buy recommendation (upside: 28%).