Enapter AG
Enapter AG is a German company that develops and sells hydrogen electrolyzers for renewable energy applications, primarily generating revenue through product sales and service contracts.
Business. Enapter AG (H2OG.DE) is a renewable energy company operating in the renewable fuels industry. The firm is headquartered in Germany and is primarily listed on the Xetra exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
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3 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Enapter AG (H2OG.DE) is a renewable energy company operating in the renewable fuels industry. The firm is headquartered in Germany and is primarily listed on the Xetra exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Enapter's capital structure is characterized by a basic and diluted share count of 32,071,922 shares, indicating no immediate dilution pressure from share-based compensation or convertible instruments. However, the company's liquidity risk remains unassessed due to the absence of balance-sheet inputs and no going-concern language in source documents.
Profitability metrics are not available in the current valuation snapshot, and no industry-specific preferred metrics are provided in the industry_config. This limits the ability to compare Enapter's returns or margins directly to cohort medians. Analysts have assigned a mean price target of 2.60 EUR and a median price target of 2.60 EUR, with a mean recommendation of 1.67, indicating a generally positive sentiment among analysts.
Segment and geographic exposure data are not disclosed in the available financial snapshot, making it difficult to assess revenue concentration or geographic diversification. The company's business is centered on hydrogen electrolyzer technology, but no breakdown of revenue by product line or region is provided.
Growth trajectory is not quantified in the outlook section, but analyst price targets suggest a potential upside from the current market price. The absence of historical revenue data prevents a detailed analysis of growth rates or trends.
Risk factors include the unassessed liquidity risk and the lack of detailed financial disclosures. The dilution risk is currently low, but the absence of a liquidity risk assessment introduces uncertainty about the company's ability to meet short-term obligations.
Recent events, such as filings or transcripts, are not included in the available data, limiting the ability to assess management commentary or strategic shifts. The company's financial disclosures are minimal, and no recent material events are reported.
- Enapter operates in the Renewable Fuels industry with a focus on hydrogen electrolyzer technology.
- Analysts have a generally positive outlook, with a mean price target of 2.60 EUR and a mean recommendation of 1.67.
- The company's liquidity risk is unassessed, and no detailed financial disclosures are available.
- No revenue concentration or geographic exposure data is provided, limiting visibility into business diversification.
- Dilution risk is currently low, but the lack of liquidity data introduces uncertainty.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue €22.1M, +3,1% YoY; Operating income −108,0% YoY.
- ▍Revenue €22.1M, +3,1% YoY
- ▍Operating income −108,0% YoY
- ▍Net income −55,1% YoY
- ▍Free cash flow −58,5% YoY
- ▍Net margin -145.5%
Revenue €21.4M, −32,2% YoY; Operating income −382,7% YoY.
- ▍Revenue €21.4M, −32,2% YoY
- ▍Operating income −382,7% YoY
- ▍Net income −189,5% YoY
- ▍Free cash flow −56,0% YoY
- ▍Net margin -96.7%
Revenue €31.6M, +115,4% YoY; Operating income +79,1% YoY.
- ▍Revenue €31.6M, +115,4% YoY
- ▍Operating income +79,1% YoY
- ▍Net income +44,8% YoY
- ▍Free cash flow +77,7% YoY
- ▍Net margin -22.7%
Revenue €14.7M, +73,8% YoY; Operating income −49,1% YoY.
- ▍Revenue €14.7M, +73,8% YoY
- ▍Operating income −49,1% YoY
- ▍Net income −49,1% YoY
- ▍Free cash flow −83,8% YoY
- ▍Net margin -88.4%
Revenue €8.4M; Operating income -€8.6M.
- ▍Revenue €8.4M
- ▍Operating income -€8.6M
- ▍Net margin -103.1%
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- Enapter AG Market data — financials · 2026-05-28
- Enapter AG Market data — analyst estimates · 2026-05-28
Ownership & reference
Leadership
- Ragnar KruseChairman of the Supervisory Board