Siemens Energy: Record Figures
We begin our overview with one of the major energy infrastructure stocks on the DAX. Siemens Energy posted strong performance in 2025 and 2026, until a consolidation phase set in more recently. The latest figures for the third fiscal quarter were outstanding. Order intake climbed to a record high of EUR 17.9 billion. Adjusted operating profit tripled to EUR 1.6 billion. Particularly encouraging is the performance of the wind power subsidiary Gamesa. For a long time, it was considered the group’s biggest problem child. This hung over Siemens Energy like the sword of Damocles. Now, for the first time in several years, this division, including the wind power subsidiary, is back in the black. The turnaround is clearly taking effect. At the same time, strong demand for grid technology and gas turbines is keeping order books full. Above all, the energy hunger of new AI data centers is boosting business, but things are also going well internationally, as the Indian subsidiary recently reported a jump in profits and there is also discussion of a possible spin-off of the Transformation of Industry division. The stock market has recently reacted positively to these developments, as is evident in the chart. The stock could now regain momentum toward the EUR 195 mark. After surpassing its all-time high and then trading a few cents above it, the path would be clear not only to EUR 200 but even beyond, into the EUR 220–225 range.
TKMS: Strategic Realignment
From energy infrastructure, we now turn to a sector that is being heavily shaped by geopolitical developments. Maritime security is becoming an increasingly important priority, and this is precisely where a German company plays a significant role. We are talking about TKMS, the naval shipbuilding division based in Kiel. A major strategic development emerged recently: the planned acquisition of rival German Naval Yards Kiel fell through on July 22 after the parties failed to agree on a price with its French owner. Rather than dwell on the setback, however, management immediately turned its attention to new opportunities. Just two days later, the partnership with the Spanish state-owned shipyard Navantia was strengthened. The goal is to establish close collaboration on future submarine projects. The decision to forgo the local acquisition therefore does not necessarily represent a setback. Instead, TKMS is now focusing on profitable international partnerships, while its balance sheet remains strong and its order backlog is substantial. The backlog includes highly lucrative projects such as the planned construction of MEKO A-200 DEU frigates, worth approximately EUR 12 billion. Canada also plans to order up to 12 submarines from TKMS for an estimated total of more than EUR 10 billion. The company’s core business is therefore performing strongly, and the upcoming quarterly results on August 12 could provide further evidence of this momentum.
First Hydrogen: The Undiscovered Technology Powerhouse
We now leave the realm of TKMS and Siemens and move into the world of First Hydrogen, where clean energy, autonomous mobility, and robotics converge to create exciting new concepts. The Canadian company has been, and remains, strongly focused on green hydrogen solutions and zero-emission commercial vehicles. Its business model encompasses the entire value chain, from hydrogen production to the “Hydrogen-as-a-Service” business segment. The company’s vehicles have already achieved impressive ranges of over 630 km in real-world tests. But First Hydrogen is now thinking much further ahead. Recent announcements signal a broadening of its horizons.
On June 5, the company announced a new amphibious ground vehicle. This unmanned platform is extremely robust and effortlessly navigates steep terrain.
Shortly thereafter, on June 9, First Hydrogen finalized a transaction in the field of robotics. This involves high-performance gearboxes and motors that precisely control robot-assisted movements. Such technologies form the backbone of autonomous systems.
Perhaps the biggest bombshell came on July 14. **First Hydrogen announced that it would integrate artificial intelligence into its autonomous vehicles. The company is also targeting defence applications and drone defence.
This could be a smart move, as the market for drones and autonomous defence systems is growing rapidly. First Hydrogen is attempting to combine clean energy with state-of-the-art robotics.**
Anyone who remembers June of last year knows just how quickly that can happen. At the time, the share price surged from below CAD 0.50 to more than CAD 1.30 in a relatively short period. Such explosive moves are not uncommon in this segment. Just think of the hydrogen plays Nel ASA and Plug Power.
Looking at the current chart, one interesting detail stands out. There is still an open price gap at around CAD 0.90. This level could act as a magnetic price target in the near future. The transformation from a pure-play hydrogen company to a technology and robotics firm has not yet sunk in with all investors. Once the market puts these new pieces of the puzzle together, the rebound could be very dynamic. First Hydrogen is certainly not a boring blue-chip stock. It is an agile company with a bold vision.
Siemens Energy has proven that even entrenched conglomerates can make a successful turnaround. Its bulging order books speak for themselves.
TKMS, in turn, is benefiting from the global trend toward military buildup and is skillfully navigating the international market.
First Hydrogen is currently delivering exciting technological approaches outside the mainstream. The combination of hydrogen expertise and AI-powered robotics is undoubtedly appealing. Following its latest strategic moves, the stock holds some potential for positive surprises.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons”) may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a “Transaction”). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.