Three Turning Points with an Acceleration Factor – dynaCERT, flatexDEGIRO and Porsche

flatexDEGIRO in Free Fall: Leadership Turmoil Triggers Sell-Off – Will the EUR 30 Mark Hold?

A surprising power struggle is rocking flatexDEGIRO, and investors are reacting with a massive sell-off. The online broker’s stock plummeted by double digits at times last Friday and closed at EUR 31.56. This represents a daily loss of nearly 8%. The trigger is an abrupt leadership shakeup on the supervisory board, which is raising doubts about the company’s future strategy.

Supervisory Board Chairman Hans-Hermann Lotter has resigned from his post effective immediately. His former deputy, Stefan Müller, will assume the chairmanship on an interim basis. At the same time, Martina Pfeifer will also be leaving the supervisory board. Both are expected to step down by October 10 at the latest. flatexDEGIRO cites differing views on key issues regarding the company’s future strategic direction and positioning as the reason. It is precisely this unusually vague wording that is causing uncertainty on the stock market: How deep does the dispute run, and what decisions might be on the horizon?

The company is trying to reassure the market. It states that strategic and operational priorities remain unchanged, and that flatexDEGIRO is still on track to meet its 2026 forecast. Fundamentally, with more than 3.5 million customers and over EUR 100 billion in client assets under custody, the broker is by no means facing an acute crisis. However, the simultaneous resignation of two members from the five-member supervisory board raises questions. On the stock market, uncertainty is often priced in first and only assessed more closely later.

What is particularly concerning is that the plunge did not occur amid a generally weak stock market environment. While the German stock market gained ground on Friday, flatexDEGIRO was by far one of the biggest losers. As recently as early September, the stock traded above EUR 38. Within just a few trading days, approximately 17% of its market value was wiped out, bringing the previous recovery to an abrupt end.

From a technical analysis perspective, the price plunge has also caused significant damage. Trading at EUR 31.56, flatexDEGIRO shares are now well below the 20-day moving average (MA) of EUR 35.95, the 50-day MA of EUR 36.20, the 100-day MA of EUR 34.88, and the 200-day MA of EUR 34.87. As a result, the stock has fallen below all key moving averages. Since the beginning of the year, the stock is now down 13.01%. Over 12 months, however, it still shows a gain of 14.68%. The market capitalization stands at approximately EUR 3.44 billion.

All eyes are now on the support zone between EUR 30 and 31. This range has already provided support on multiple occasions in November 2025 as well as in February, March, April, and May 2026. If the zone holds again, a technical rebound toward EUR 34.87 to 35 would initially be possible. However, the 100-day and 200-day moving averages are already waiting there as new resistance levels. If, on the other hand, the stock falls sustainably below EUR 30 and subsequently tests EUR 29, the chart picture would deteriorate significantly once again. Following the leadership shakeup, a well-known price line will now determine whether the crash is halted—or is only just beginning.

dynaCERT: From Pilot Projects to Commercialization

dynaCERT has recently returned to the spotlight because its investment story has shifted from pure technology development to marketing and revenue generation. The Canadian cleantech company aims to reduce diesel consumption and emissions from existing commercial vehicle and industrial fleets with its HydraGEN™ technology. Operators do not need to replace their entire fleet; instead, they can retrofit it with dynaCERT’s technology.

This approach is particularly well-suited to a landscape where decarbonization is being driven by international policy and corporate investment budgets are under pressure from rising energy costs. For many commercial vehicle fleet operators, a retrofit solution is more economically feasible than a complete switch to new propulsion systems. dynaCERT’s management is therefore targeting a market caught between regulatory mandates, growing cost pressures, and a technical transition phase.

The key question now is whether the pilot projects launched will evolve into a recurring revenue model. Under CEO Kevin Unrath, the new management has already visibly realigned the company to focus more strongly on sales, closing deals, and international implementation. This strategic shift comes at the right time, as rising energy prices, volatile supply chains, and stricter CO₂ regulations are already significantly eroding margins in the logistics, construction, and mining sectors. If diesel prices remain high and, as is currently the case due to supply shortages, continue to rise in the coming quarters, the economic benefit of every efficiency gain per kilometre driven with HydraGEN™ technology will gradually increase. This fundamentally improves the starting position for providers like dynaCERT, as the value to customers steadily increases.

Vietnam is particularly crucial for the Canadian company. In recent months, dynaCERT has driven its market expansion there across several industrial applications. Its use in truck fleets, port container handling, waste management, and the oil and gas sector is strategically important because it addresses not only individual niches but also particularly emission-intensive application areas. In addition, HydraLytica™ provides a software layer that collects and analyses consumption and operational data in real time. This forms the basis for subsequent data-driven monetization of emissions reductions through the issuance of emissions certificates. As a result, the business model has already been expanded beyond the mere sale of hardware. From CEO Unrath’s perspective, Vietnam is not only a growing sales market but also serves as a reference country for further expansion in Asia, initially to Cambodia, Indonesia, and Japan.

At the same time, dynaCERT is launching an international sales initiative in the second half of 2026, focusing on heavy-duty transportation, port operations, and stationary power generation. The company’s presence at events such as IAA Transportation, 24 Heures Camions, TOC Americas, and POWERGEN International demonstrates that it is increasingly targeting specific industrial decision-makers and partners. For the capital market, however, key revenue and profit metrics, as well as the conversion rate of initial and follow-up orders, remain relevant; not the number of meetings held. If the order backlog gradually builds up on a quarterly basis and production in Canada ramps up accordingly, the current valuation is likely to improve sustainably. Until then, dynaCERT remains a speculative but operationally attractive stock at the intersection of efficient technology, political regulation, and real-economy transformation pressures driven by rising diesel prices.

Porsche Poised for a Breakthrough: JPMorgan Sees a Major Turnaround – Is the Comeback Rally Underway?

After years of declining share prices, Porsche could be on the verge of a decisive turning point. JPMorgan has added the sports car manufacturer to its “Positive Catalyst Watch” list and expects new momentum from a groundbreaking 5-year plan. The fundamental rating remains “Overweight,” and the price target remains at EUR 50. Based on the current price of EUR 44.84, this implies upside potential of around 11.5%. Is that enough to finally end the long slide?

The focus is on the upcoming strategic and financial plan. Investors are hoping for clear statements on costs, investments, model strategy, and future profitability. Porsche continues to struggle with weaker demand in China, high expenses, and the difficult transition to electric mobility. A credible plan could therefore be crucial to regaining lost confidence. Its inclusion on the “Positive Catalyst Watch” list means JPMorgan expects near-term events that could positively impact the share price. However, this is no guarantee of rising prices.

The completed sale of its stakes in Bugatti Rimac and the Rimac Group has already provided a boost. Porsche sold its 45% stake in Bugatti Rimac and its 20.6% stake in the Rimac Group, raising approximately EUR 1 billion. Of this amount, EUR 250 million is to be used to finance pension obligations. At the same time, Porsche raised its forecast for the net cash flow margin in the automotive business from the previous range of 3 – 5% to 5.5 – 7.5%. The billion-euro sale thus strengthens short-term cash flow and underscores the company’s increased focus on its core business.

However, the stock market has shown little enthusiasm so far. Porsche shares are trading at EUR 44.84 and are down 5.80% since the start of the year. Over a 12-month period, they are still up 3.77%. The market capitalization stands at approximately EUR 20.48 billion. Over the long term, the picture remains bleak: from its high of around EUR 120 in 2023, the stock has lost more than 60%.

In the short term, the chart now shows an unusually tight decision point. The price is just above the 20-day moving average at EUR 44.63 and the 50-day moving average at EUR 44.64. The 200-day moving average (MA) at EUR 43.52 has also been recaptured. Only the 100-day MA at EUR 45.06 remains resistance. If the stock manages a sustained breakout above EUR 45 to 46, EUR 48 could come into focus first, followed by JPMorgan’s price target of EUR 50.

If the breakout fails, the sideways movement will persist. The 200-day MA at EUR 43.52 provides important support. Below that level, EUR 42 would initially be at risk, followed by the psychologically significant EUR 40 mark. Billions in cash, a new 5-year plan, and an optimistic major bank are now presenting Porsche with several opportunities at once. The key question is whether this will finally result in a convincing breakout on the chart.

flatexDEGIRO is suffering from the abrupt restructuring of its supervisory board, even though its operating business appears stable. From a technical analysis perspective, the zone around EUR 30 will now determine the share price’s next direction. dynaCERT must prove in the second half of 2026 that pilot projects in Asia will translate into solid production orders. If it does, the market is likely to reward the company’s efficiency and CO₂ narrative with a higher share price. With a new 5-year plan, improved cash flow, and tailwinds from JPMorgan, Porsche is poised for a turnaround, but it must first break above EUR 45.

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