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17 Jul 2020, Investors, Press Release

METZLER starts coverage of SFC Energy with a buy recommendation and a price target of EUR 24.00

Brunnthal/Munich, Germany, July 17, 2020 – METZLER Capital Markets has started coverage of SFC Energy AG (F3C:DE, ISIN: DE0007568578). Analyst Alexander Neuberger issues a buy recommendation with a price target of EUR 24.00, based on a DCF-based valuation. Based on the current share price, the independent expert sees upside potential of around 46%.

In the initial study, analyst Neuberger emphasizes SFC Energy as one of the rare investment opportunities in the renewable energy sector outside the solar and wind-power players, and sees SFC Energy’s fuel cells as an integral part of remote energy solutions. In particular, the hydrogen initiative in Germany and the associated government investment incentives with a volume of EUR 7.0 bn represent a great opportunity for SFC Energy, as the company is one of the few players with high expertise in the field of hydrogen-based fuel cells.

"I see the current corona crisis as a catalyst for SFC to focus on industries with stable growth trends, such as defense and renewable energy, which will allow the Group to generate decent returns in the future," says analyst Alexander Neuberger.

The initial study by METZLER Capital Markets can be found on the website of SFC Energy AG under the following link:

https://www.sfc.com/en/investors/share/research-reports/

About SFC Energy Group

SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer. The Company distributes its award-winning products worldwide and has sold more than 50,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578).

IR Contact

Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email: [email protected]
Web: sfc.com

SFC Press Contact

Jens Jüttner
Tel: +49 89 125 09 03-32
Email: [email protected]
Web: sfc.com