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H2OG.DE XETRA Renewable Fuels

Enapter AG

€1,18
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About

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.

Classification92 %
SectorEnergy
Business sectorRenewable Energy
IndustryRenewable Fuels
ActivityRenewable Energy
Generated · model-assisted
Sell-side consensus
BUY3 analysts
3 buy0 hold0 sell
Avg 12m price target2,60

Analyst recommendations

3 analysts · consensus Buy
Buy3
Hold0
Sell0
12-month price target
2,60
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
3 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning H2OG.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to H2OG.DE. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    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.

    Classification92 %
    SectorEnergy
    Business sectorRenewable Energy
    IndustryRenewable Fuels
    ActivityRenewable Energy
    AI synthesis
    GENERATED

    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.

    Key takeaways
    • 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-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2026-04-30
    FY 2026 · Full-year highlights

    Revenue €22.1M, +3,1% YoY; Operating income −108,0% YoY.

    Revenue€22.1M+3,1 % YoY
    Operating income-€26.9M−108,0 % YoY
    Net income-€32.2M−55,1 % YoY
    Free cash flow-€33.2M−58,5 % YoY
    EPS
    Operating cash flow-€5.1M+39,4 % YoY
    Financials
    Income statement
    Revenue€22.1M
    Gross profit€9.1M
    Operating income-€26.9M
    Net income-€32.2M
    Margins
    Gross margin41.0%
    Operating margin-121.9%
    Net margin-145.5%
    FCF margin-150.2%
    Balance sheet
    Total assets€141.3M
    Total liabilities€92.1M
    Total equity€49.2M
    Cash & equivalents
    Long-term debt€41.9M
    Cash flow
    Operating cash flow-€5.1M
    CapEx-€7.8M
    Free cash flow-€33.2M
    SBC
    P&L flow · revenue → net income
    Revenue €22.1MOperating costs €49.0MTax €5.2MNet income €32.2M
    Highlights
    • 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%

    Valuation FY

    Market price
    €1,18
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution3 analysts
    Strong buy1
    Buy2
    Hold0
    Sell0
    Strong sell0
    12-month price target€2,60 · Median €2,60
    Low €1,90High €3,30
    Operating income · consensus-6,7M EUR
    Revenue surprise
    −38,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low€1,90
    Mean€2,60
    Median€2,60
    High€3,30
    Spot€1,18
    +121.3 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    Source documents
    • 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

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    H2OG.DECanonical
    XETRA · EUR

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-04-30 20:32 UTCEARNINGSAnnual results — FY 2026 Revenue EUR 22.1M · Net EUR -32.2M
    2025-04-30 08:11 UTCEARNINGSAnnual results — FY 2025 Revenue EUR 21.4M · Net EUR -20.7M
    2024-04-30 23:57 UTCEARNINGSAnnual results — FY 2024 Revenue EUR 31.6M · Net EUR -7.2M
    2023-04-28 13:21 UTCEARNINGSAnnual results — FY 2023 Revenue EUR 14.7M · Net EUR -13.0M
    2022-04-30 06:43 UTCEARNINGSAnnual results — FY 2022 Revenue EUR 8.4M · Net EUR -8.7M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage