Breakeven Date Change • May 21
Forecast to breakeven in 2028 The 3 analysts covering Enapter expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 64% per year to 2027. The company is expected to make a profit of €200.0k in 2028. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Announcement • Apr 25
Enapter AG to Report Fiscal Year 2025 Results on Apr 30, 2026 Enapter AG announced that they will report fiscal year 2025 results on Apr 30, 2026 Announcement • Nov 27
Enapter AG has filed a Follow-on Equity Offering in the amount of €2.400001 million. Enapter AG has filed a Follow-on Equity Offering in the amount of €2.400001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,518,988
Price\Range: €1.58
Transaction Features: Rights Offering Announcement • Sep 17
Enapter AG to Report First Half, 2025 Results on Sep 22, 2025 Enapter AG announced that they will report first half, 2025 results on Sep 22, 2025 Announcement • Jul 03
Enapter AG Expands Product Portfolio with New Multicore Electrolyzer ‘Nexus 2500’ Enapter AG is expanding its product portfolio with a 2.5 MW multicore electrolyzer based on the use of new stacks in the same size – 40 foot containers – as Enapter’s current 1 MW multicore electrolyzer. Of course, the Nexus 2500 is fully compatible with all Enapter multicore electrolysers. Existing customers can therefore combine any of the now extended Enapter product range to expand their systems. In addition to the proven form in a 40-foot container, the Nexus 2,500 is also available as a skid-mounted version for indoor installation. Hall installations are more efficient than individual containers, especially for multi-megawatt projects. With the new Nexus 2500 multicore electrolyser, Enapter is opening up new markets and customer groups for large-scale hydrogen-producing systems on an industrial scale. The electrolyzer can be used, for example, in steel and ammonia production as well as in refueling systems for heavy goods vehicles. Another area of application is the storage of surplus energy from solar and wind parks in the multi-megawatt range. The Nexus 2500 produces over a ton of green hydrogen with a purity of 99.999% within 24 hours. Enapter’s unique modular process for increasing the efficiency of the electrolyzers is of course also used in the Nexus 2500. Each of the 100 or so stacks installed can be ramped up or down independently to make optimum use of the power from renewable energy sources. This makes the Enapter multicore electrolysers particularly interesting for hydrogen production from fluctuating energy sources such as solar and wind, where power generation can fluctuate greatly over the course of the day due to climatic influences. Like all Enapter multicore electrolysers, the Nexus 2500 is controlled by Enapter’s very latest AI software. The artificial intelligence developed in-house analyzes the data from the measuring sensors installed in the electrolyser, which record temperature, pressure and power consumption at various points. The artificial intelligence controls the device in real time and can intervene where necessary, enabling an improved energy flow and further increasing the efficiency of the device. Announcement • May 28
Enapter AG, Annual General Meeting, Jul 03, 2025 Enapter AG, Annual General Meeting, Jul 03, 2025, at 11:00 W. Europe Standard Time. Announcement • Apr 24
Enapter AG to Report Fiscal Year 2024 Final Results on Apr 30, 2025 Enapter AG announced that they will report fiscal year 2024 final results on Apr 30, 2025 New Risk • Oct 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€4.9m net loss in 2 years). Share price has been volatile over the past 3 months (10.0% average weekly change). Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Price Target Changed • Sep 13
Price target decreased by 10.0% to €12.90 Down from €14.33, the current price target is an average from 3 analysts. New target price is 210% above last closing price of €4.16. Stock is down 67% over the past year. The company is forecast to post a net loss per share of €0.64 next year compared to a net loss per share of €0.26 last year. Breakeven Date Change • Sep 03
Forecast to breakeven in 2026 The 3 analysts covering Enapter expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €6.47m in 2026. Average annual earnings growth of 21% is required to achieve expected profit on schedule. Announcement • Aug 28
Enapter AG to Report Q2, 2024 Results on Sep 03, 2024 Enapter AG announced that they will report Q2, 2024 results on Sep 03, 2024 New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. New Risk • May 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Announcement • May 15
Enapter AG, Annual General Meeting, Jun 20, 2024 Enapter AG, Annual General Meeting, Jun 20, 2024, at 10:00 W. Europe Standard Time. Breakeven Date Change • May 05
No longer forecast to breakeven The 4 analysts covering Enapter no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €4.27m in 2026. New consensus forecast suggests the company will make a loss of €4.55m in 2026. Price Target Changed • May 03
Price target decreased by 15% to €15.00 Down from €17.63, the current price target is an average from 4 analysts. New target price is 188% above last closing price of €5.20. Stock is down 62% over the past year. The company is forecast to post a net loss per share of €0.66 next year compared to a net loss per share of €0.26 last year. Announcement • Apr 25
Enapter AG to Report Fiscal Year 2023 Results on Apr 30, 2024 Enapter AG announced that they will report fiscal year 2023 results on Apr 30, 2024 Price Target Changed • Mar 19
Price target decreased by 9.4% to €16.88 Down from €18.63, the current price target is an average from 4 analysts. New target price is 238% above last closing price of €5.00. Stock is down 60% over the past year. The company is forecast to post a net loss per share of €0.51 next year compared to a net loss per share of €0.38 last year. Announcement • Dec 31
Enapter AG Announces Executive Changes The Co-CEO of Enapter AG, Sebastian-Justus Schmidt, informed the Supervisory Board that he would like to step down from the Management Board for personal reasons as of 31 December 2023. Mr. Schmidt will continue to be available to the company as a consultant. In preparation for Mr. Schmidt’s possible departure, the Supervisory Board had already appointed Dr. Jürgen Lackmann as Co-CEO with effect from 1 July 2023. Dr. Lackmann will continue to manage the company as CEO together with CFO Gerrit Kaufhold. Announcement • Dec 18
Enapter AG Announces the Resignation of Oswald Werle as Member of the Supervisory Board, Effective as of January 31, 2024 Enapter AG announced that on December 14, 2023, Mr. Oswald Werle informed the company’s Executive Board and Supervisory Board that he is resigning from his position as a member of the Supervisory Board for personal reasons with effect as of January 31, 2024. The Supervisory Board of Enapter AG therefore consists of three members for the time being and therefore still has a full quorum. Announcement • Sep 20
Enapter AG Expands Product Portfolio with 'AEM Flex 120' Electrolyser Enapter AG is strategically expanding its product portfolio with the launch of a new AEM electrolyser, the "AEM Flex 120". The primary application areas of the new electrolyser will be industrial projects and hydrogen refuelling projects. The AEM Flex 120 features a total of 50 AEM Stack core modules. It can produce around 53 kilogrammes of hydrogen per day, corresponding to nominal power of 120 kW, with a purity of 99.999% with optional dryer at an output pressure of 35 bar. The AEM Flex 120 will be officially unveiled in front of partners and system integrators on 21 September in Saerbeck, Germany. The corresponding production capacities have already been set up so that the first AEM Flex 120 can be delivered before the end of the year. Especially energy-intensive companies that have furnaces and ovens, for example, to produce tiles, ceramics, or glass, are looking for emission-free and highly scalable alternatives to fossil fuels and are already showing great interest in Enapter's flexible solutions. Enapter's integrated and proprietary energy management software also allows energy generation, storage, and transmission to be planned, managed, and controlled automatically and remotely. This ensures the efficient use of available energy resources and a reliable hydrogen or power supply and minimises maintenance. The first AEM Flex 120 will be delivered to the German brick producer ABC-Klinker in autumn 2023. With it, the company will have a device to produce low-cost, clean gas that can be used to immediately start decarbonising its manufacturing processes. The hydrogen produced with the AEM Flex 120 will be fed into the company's gas mix. The plan is to gradually increase the share of hydrogen in the gas mix to 100 % and thus become completely CO2-free. Other applications for the AEM Flex 120 include mobility solutions for forklift, car, and bus charging stations, as well as electricity storage for peak load reduction and energy self-sufficiency. With the AEM Flex 120, companies can optimise their energy mix and position themselves even more resiliently against price fluctuations on the gas markets. New Risk • Sep 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.9% per year for the foreseeable future. High level of non-cash earnings (133% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Price Target Changed • Sep 15
Price target decreased by 11% to €17.33 Down from €19.50, the current price target is an average from 2 analysts. New target price is 40% above last closing price of €12.40. Stock is down 17% over the past year. The company is forecast to post a net loss per share of €0.51 next year compared to a net loss per share of €0.38 last year. Price Target Changed • Sep 11
Price target decreased by 9.8% to €18.50 Down from €20.50, the current price target is an average from 2 analysts. New target price is 50% above last closing price of €12.30. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €0.51 next year compared to a net loss per share of €0.38 last year. Price Target Changed • Jul 24
Price target decreased by 7.1% to €19.50 Down from €21.00, the current price target is an average from 2 analysts. New target price is 75% above last closing price of €11.15. Stock is down 37% over the past year. The company is forecast to post a net loss per share of €0.51 next year compared to a net loss per share of €0.38 last year. Announcement • Jul 07
Enapter AG, Annual General Meeting, Jul 06, 2023 Enapter AG, Annual General Meeting, Jul 06, 2023. Agenda: To consider the relocation of the company's registered office to Düsseldorf. Announcement • May 25
Enapter Ag Unveils the First Megawatt-Class Aem Electrolyser Enapter AG unveiled to the public the AEM Multicore - the world's first megawatt-class AEM electrolyser for the production of green hydrogen. The megawatt electrolyser was officially unveiled in the presence of Mona Neubaur, Minister for Economic Affairs, Industry, Climate Action and Energy and Deputy Minister President of North Rhine-Westphalia. With the AEM Multicore, Enapter ushers in a new era in environmentally friendly solutions for the decarbonisation of industry and the economy - and reaches an important milestone in its corporate history. The AEM Multicore is a cost-effective alternative to conventional megawatt-class electrolysers. It features 420 core modules - so-called "AEM stacks". These are combined into a total system that can produce around 450 kilogrammes of green hydrogen per day with a purity of 99.999 per cent. By scaling up many small units into one large system, Enapter can significantly reduce the cost of green hydrogen. Enapter is already experiencing very good demand for the AEM Multicore. Orders have already been received from Europe, Asia and North America. 2023 will see Enapter focus on the construction of the first commercial AEM Multicore systems, while pre-series maturity is expected to be reached from 2024. In the medium term, the megawatt electrolyser will be produced in series at the Enapter Campus in the German climate community of Saerbeck, North Rhine-Westphia. Facilities for production, research and development as well as administration are being set up on the Enapter Campus, which covers more than 80,000 square metres. The research and development team has already started operations on site. Energy supply for the Enapter Campus, including all future production facilities, is covered entirely by renewable energy. Announcement • Feb 14
Enapter AG announced that it has received €25 million in funding Enapter AG announced that it has received €25 million in a round of funding on February 13, 2023. The transaction included participation from Patrimonium Middle Market Debt Fund SICAV, a fund managed by Patrimonium Asset Management AG. The company will issue bearer bond with a term of two years in the transaction. Breakeven Date Change • Dec 21
No longer forecast to breakeven The 2 analysts covering Enapter no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €254.0k in 2023. New consensus forecast suggests the company will make a loss of €5.36m in 2024. Breakeven Date Change • Dec 19
Forecast to breakeven in 2023 The 2 analysts covering Enapter expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €254.0k in 2023. Average annual earnings growth of 79% is required to achieve expected profit on schedule. Price Target Changed • Nov 16
Price target decreased to €26.00 Down from €28.00, the current price target is provided by 1 analyst. New target price is 47% above last closing price of €17.70. Stock is down 28% over the past year. The company is forecast to post a net loss per share of €0.54 next year compared to a net loss per share of €0.38 last year. Price Target Changed • Sep 14
Price target decreased to €26.00 Down from €30.00, the current price target is an average from 2 analysts. New target price is 72% above last closing price of €15.10. Stock is down 41% over the past year. The company is forecast to post a net loss per share of €0.54 next year compared to a net loss per share of €0.38 last year. Announcement • Aug 30
Enapter AG to Report First Half, 2022 Results on Aug 30, 2022 Enapter AG announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 17
Enapter AG Appoints Uwe Raschke to Its Advisory Board Enapter AG welcomed former Bosch executive Uwe Raschke to its Advisory Board. He brings his extensive global business leadership experience to the Board as Enapter progresses in scaling up AEM Electrolyser technology to supply markets globally. Uwe Raschke joined the German technology company Bosch Group in 1984 and served the organisation for 37 years. He was, among other roles, the CEO of Bosch Power Tools and later, BSH Hausger?te, a 100% Affiliate of Robert Bosch GmbH. From 2008 to 2021 he was a member of Bosch's Board of Management, first in charge of business development in Asia for the entire Bosch Group, before taking over Bosch's worldwide consumer business and the coordination of the Bosch business in Europe, Russia, Near/Middle East and Africa. Uwe Raschke is on the advisory board of Heraeus Holding, has a teaching assignment at the Hasso Plattner Institute in Potsdam, Germany, and offers consulting services. In joining Enapter's Advisory Board, he adds his experience and knowledge to the wide-ranging and valuable strategic input of Elaine Wong, Udo Filzmaier, Prof. Hubert Gasteiger, Sergei Storozhenko, Boris Tatievski, Oswald Werle and Christof Winker. Announcement • Aug 11
Enapter AG Appoints Christof Wetter to the Supervisory Board Enapter AG has expanded its supervisory board from three to four members. At the company's annual general meeting on July 28th 2022, Prof. Dr.-Ing. Christof Wetter was newly elected to the board. Christof Wetter holds a doctorate in civil engineering and has been a professor at the Department of Energy, Buildings, Environment at M-nster University of Applied Sciences since 1999. His work focuses on renewable energy, biogas plants and biofuels as well as environmental and wastewater technology. In addition, he is active in various consulting and management functions in Germany and abroad. His professional career includes, among others, the Federal Association for the Privatisation of Public Tasks, where he held the position of Managing Director and the Hydroplan Ingenieurgesellschaft, a company of the OTTO Group. The supervisory board of Enapter AG is thus currently composed as follows: Armin Steiner (Chairman of the Supervisory Board), Oswald Werle (Deputy Chairman of the Supervisory Board), Ragnar Kruse, Prof. Dr.-Ing. Christof Wetter. Announcement • May 27
Enapter AG announced that it has received €20 million in funding Enapter AG announced that it has received €20,000,000 in an equity round of funding on May 25, 2022. The transaction included participation from individual investor Johnson Matthey for 3% stake. Price Target Changed • Apr 27
Price target decreased to €24.00 Down from €40.00, the current price target is an average from 2 analysts. New target price is 29% above last closing price of €18.55. Stock is down 17% over the past year. The company is forecast to post a net loss per share of €0.47 next year compared to a net loss per share of €1.23 last year. Announcement • May 13
Enapter Expands its Product Portfolio to the Megawatt-Class with the AEM Multicore Electrolyser Enapter is expanding its product portfolio to the megawatt-class with the AEM Multicore electrolyser. The final development of the new model has started, further tapping into the innovative potential of Anion Exchange Membrane (AEM) technology. The AEM Multicore will be introduced to the market next year, enabling low-cost, flexible and reliable green hydrogen production. Orders are now open. Is New 90 Day High Low • Oct 09
New 90-day high: €17.00 The company is up 1,445% from its price of €1.10 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 8.0% over the same period. Announcement • Sep 24
BluGreen Company Limited acquired 61.47% stake in S&O Beteiligungen AG (DB:BUF1). BluGreen Company Limited acquired 61.47% stake in S&O Beteiligungen AG (DB:BUF1) on August 10, 2020. BluGreen Company acquired 0.76 million shares.
BluGreen Company Limited completed the acquisition of 61.47% stake in S&O Beteiligungen AG (DB:BUF1) on August 10, 2020. Thorsten Kuthe, Götz G. Karrer, Katja Plückelmann and Stefan Westerheide of Heuking Kühn Lüer Wojtek acted as legal advisors to BluGreen Company Limited. Is New 90 Day High Low • Sep 24
New 90-day high: €7.50 The company is up 582% from its price of €1.10 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 15% over the same period.