(new: prices)
FRANKFURT (dpa-AFX) - Eon shares, which had already been in demand recently, experienced a rollercoaster ride on Wednesday following the release of earnings figures. After a weak start to trading and losses of up to 2.2 percent, the stock rebounded by as much as 3.1 percent at one point, marking its highest level since 2012. Most recently, the shares were up 0.9 percent at €18.915. Since the start of the year, the share price has gained around 17 percent—slightly less than that of fellow DAX-listed energy company RWE.
The European sector, which performed well overall in 2026, is considered defensive, meaning it is less susceptible to economic fluctuations than cyclical industries. Moreover, it is benefiting from the massively increasing demand for energy driven by the topic of Artificial Intelligence (AI). This is evidenced by major investments from so-called hyperscalers such as US tech giants Microsoft, Amazon, and Meta in building or expanding data centers.
Thanks to multi-billion euro investments in expanding its energy grid, Eon was able to increase its adjusted operating profit in 2025 and is planning further investments totaling €48 billion by 2030.
One market participant described the Essen-based company’s results as solid overall, exceeding expectations. However, the somewhat mixed and generally conservative outlook could lead to profit-taking. The focus is on the planned investments and the regulatory environment.
JPMorgan analyst Pavan Mahbubani also praised the business performance in 2025 but called the targets for the coming years a disappointment. Other experts viewed the company’s future plans as in line with expectations./gl/lew/jha/
