Those profiting from the energy transition and the expansion of AI remain in demand on the German stock market.
The federal government’s power plant strategy also provided tailwind on Friday, for which an agreement in principle with the European Commission was announced the day before after the stock markets closed.
The shares of the energy technology group Siemens Energy rose to another record high at the end of the week and most recently led the DAX via XETRA with an increase of 3.04 percent to 132.10 euros. In 2026 they are now up ten percent, after having already increased by almost 140 percent in 2025. At the group, business with gas turbines is running smoothly, as is network technology.
The breakthrough for new gas power plants in Germany now provided further tailwind. Construction will begin this year. They are intended to ensure security of supply of electricity as part of the planned gradual phase-out of coal.
Several energy companies are already in the starting blocks. RWE, for example, has planned power plants at three locations in North Rhine-Westphalia. RWE CFO Michael Müller said in the fall that a total of three gigawatts of new flexible power plant capacity in Germany could be imagined. Uniper also says it is ready to contribute around two gigawatts of hydrogen-capable power plants. The Steag Iqony Group also wants to take part in the auctions with up to two gigawatts.
On Friday, RWE shares reached another high since 2011. Most recently they were up 1.30 percent at 51.42 euros – for 2026 that means a price increase of almost 13 percent. Just the day before, the price had jumped above the threshold of 50 euros for the first time in 15 years. The winning bid at British offshore wind power auctions had already provided fresh momentum in the middle of the week. In total, RWE received contracts for a capacity of 6.9 GW. In addition, RWE had agreed a long-term partnership with the investment company KKR in order to jointly realize the Norfolk projects. KKR takes a 50 percent stake in each wind farm.
Analysts see the DAX group as the big winner of the tender round and raised their price targets. Peter Bisztyga from Bank of America and the experts at Bankhaus Metzler, for example, are particularly optimistic at 59 euros each.
/mis/niw/jha/
FRANKFURT (dpa-AFX)
Selected leverage products on RWE
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on RWE
The leverage must be between 2 and 20
Advertising