FRANKFURT (dpa-AFX) - After a strong run, Eon shares gave back some of their recent gains on Wednesday following the release of the company's latest figures. In early trading, shares of the energy group slipped 1.2 percent to €18.52. On Tuesday, they had at times reached €19.03, their highest level since 2012. Since the start of the year, the stock has gained nearly 15 percent—slightly less than fellow DAX-listed energy giant RWE.
The European energy sector, which has already performed well in 2026, is considered defensive, meaning it is less vulnerable to economic fluctuations than cyclical sectors. Moreover, it is benefiting from the surging demand for energy driven by the rise of artificial intelligence (AI). This trend is evident in the substantial investments by so-called hyperscalers such as U.S. tech giants Microsoft, Amazon, and Meta, who are building or expanding data centers.
In 2025, Eon was able to increase its adjusted operating profit thanks to multi-billion-euro investments in expanding its energy grid, and the company plans further investments totaling €48 billion by 2030.
One market participant described the Essen-based company's results as solid overall and exceeding expectations. However, the somewhat mixed and generally conservative outlook could trigger some profit-taking. The focus remains on planned investments and the regulatory environment.
JPMorgan analyst Pavan Mahbubani also praised last year's business performance but called the targets for the coming years disappointing. Other experts viewed the company's future plans as in line with expectations./gl/lew/stk
