(New: Analysts' comments, share price details)

FRANKFURT (dpa-AFX Broker) - After the announcement of new medium-term targets, the shares of SFC Energy are increasingly sought after by investors on Monday. After an initially restrained start to trading, the shares rose sharply. By midday, they were up 11 percent. After a period of weakness, they made it back above the 20 euro mark and towards the November high of 20.95 euros.

The fuel cell manufacturer announced that Group sales are set to rise to between 400 and 500 million euros by 2028. "It's still a long way off, but that sounds very good," said one Borsianer. The target is above market expectations. The medium-term profitability target would also be a significant improvement. Group CEO Peter Podesser sees further opportunities for profitable growth due to the increasing consolidation in the industry.

According to Warburg analyst Malte Schaumann, he had previously only planned sales of 380 million euros in 2028. SFC is planning an average annual increase in sales of 30 percent from its own resources, i.e. without acquisitions. Although this is not surprising, it is an attractive target. Takeovers would then be added to this.

Schaumann is one of the few analysts who follow the SDax stock. The expert currently sees the target price at 28 euros, which promises an increase of 38 percent over the next twelve months.

The experts at investment house Oddo BHF are even more optimistic with a target of EUR 35. This is even just above the 2021 annual high. Since then, however, investors have had a difficult time - with a weak 2023 so far, in which the share was one of the bigger SDax losers at minus 19 percent./tih/ag/mis