First Berlin Equity Research has published a research update on SFC Energy AG (ISIN: DE0007568578). Analyst Dr. Karsten von Blumenthal reiterated his BUY rating and maintained his EUR 31.00 price target.

Abstract
SFC Energy has again raised 2026 earnings guidance after reporting very strong preliminary 9M figures which beat our forecasts. The main reason for the strong Q3 was the high revenue share of the high-margin defence business (shipment of Ukraine order). We have raised our 2026 earnings forecasts. An updated DCF model yields an unchanged €31 price target. The equity story is fully intact: strong growth and significant margin expansion. We confirm our Buy rating (upside: 72%).