2G Energy’s stock hit a fresh all-time high of €58.10 on Thursday before pulling back nearly 4% to close at €55.85 on Friday. The 52.6% year-to-date gain and a 65% advance over twelve months reflect sky-high expectations that now rest squarely on execution. Investors have priced in a US data centre boom and a German power plant renaissance — but the company still needs to convert that narrative into hard cash.
The centrepiece of the US push is the “DR aura 412” system, designed to stabilise grid fluctuations and ensure backup power for hyperscale data centres. As AI workloads drive electricity demand sharply higher, 2G has built a dedicated business unit for the segment and is already embedded in several large projects, each with capacities in the high double-digit to triple-digit megawatt range. The management team says multiple major orders are close to finalisation, with first significant advance payments expected this quarter and initial deliveries to be invoiced later in the year.
On the home front, Berlin has provided an additional catalyst. The Federal Ministry for Economic Affairs has reached a basic agreement with the EU Commission on the Kraftwerksstrategie, clearing the path for tenders for 12 GW of hydrogen-ready gas-fired power plants as early as 2026. 2G insists its technology already meets the required specifications. With planning underway for gas reserve plants alongside large utilities, the company sees the first orders coming from 2027 — creating a second growth track less dependent on the US data centre market.
The operational backdrop gives the story some credibility. Group revenue rose 6% to €398 million last year despite internal IT disruptions. International sales hit approximately €198 million, nearly matching the domestic figure of €200 million, and climbed 19% year-on-year. For the current year, management targets revenue of between €440 million and €490 million, with an EBIT margin of 9% to 11%.
Should investors sell immediately? Or is it worth buying 2G Energy?
But the quarterly rhythm has already been disrupted. The preliminary annual results, originally due on May 21, have been pushed back to June. The delay stems from the implementation of a new ERP system at the production subsidiary 2G Heek GmbH, founded in 2025. Year-end closing routines are taking longer than anticipated. The transition also weighed on service volumes, leaving service revenue flat at around €169 million.
Market observers have largely brushed off the postponement, viewing it as a technical, process-related issue rather than a red flag. The company communicated the change early and coordinated closely with auditors. Still, the stock’s rapid ascent has stretched its technical position: the share price now trades more than 54% above its 200-day moving average, a level that historically signals extreme relative strength but also raises the risk of a short-term correction.
For longer-term holders, the dividend track record offers reassurance. 2G has paid an uninterrupted dividend for 14 years and raised the payout for four consecutive years. The next major milestone will be the release of the full annual report and preliminary figures in June, followed by first-quarter results and the annual general meeting in August.
The real focus, however, remains on the second half of 2025. If US data centre advance payments and first billings arrive as planned, the rally will gain operational underpinning. Any further delays in project execution or reporting could expose just how much of the current share price is built on promise rather than tangible revenue.
Ad
2G Energy Stock: Buy or Sell?! New 2G Energy Analysis from May 16 delivers the answer:
The latest 2G Energy figures speak for themselves: Urgent action needed for 2G Energy investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from May 16.
2G Energy: Buy or sell? Read more here...
