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Lars Winter

  • Small Caps
  • Stockpicking
  • Value Investing

A native of North Hesse, he has over 25 years of experience in financial journalism and active portfolio management and is regarded as a proven expert on German small-cap stocks and special situations.

After studying law at the University of Göttingen with a focus on banking and capital markets law, he began his career in Frankfurt's financial scene at the turn of the millennium. As a stock market and business journalist, the passionate amateur golfer wrote for leading investment newsletters, financial newspapers, and business magazines, including PLATOW Börse, Capital Depesche, BÖRSE ONLINE, Capital, and the Financial Times Deutschland.

From 2011 to 2013, he headed the Frankfurt editorial office of the financial newspaper €uro am Sonntag. From 2013 to 2026, he served as deputy editor-in-chief of the well-known investor magazine BÖRSE ONLINE and was responsible for the premium stock market service "Lars Winter Report," which featured a highly successful real-money portfolio. He remains widely known to a broad financial audience through various podcasts, TV appearances, and prominent stock market events.

As an investor, Winter follows a disciplined stock-picking approach with a particular focus on small-cap stocks and undervalued companies in special situations. In his experience, especially among smaller second- and third-tier companies, there are still many undiscovered opportunities—regardless of the market environment—that can help investors succeed in various market phases.

As a fund manager, he is responsible, among other things, for the UCITS fund Salus Alpha Special Situations. His Wikifolio strategy, "BÖRSE ONLINE Nebenwerte", has ranked among the platform's most closely followed portfolios for many years and consistently manages a growing multi-million-euro investment volume.


Commented by Lars Winter

Commented by Lars Winter on October 2nd, 2026 | 06:40 CEST

Three Promising Stocks in Focus: dynaCERT Steps Up Sales Efforts, Bechtle and MLP Spread Optimism at the Wiesn

  • Hydrogen
  • cleantech
  • Diesel
  • Technology
  • Financial

dynaCERT aims to make diesel engines more efficient and turn its initial successes in Vietnam into a larger business. Bechtle has raised its annual forecast, while MLP impresses with a jump in profits. The two German companies recently presented at the Baader Wiesn Conference in Munich and expressed confidence to investors. We present three exciting stocks where new projects, full order books, and the prospect of higher earnings are fueling upside potential.

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Commented by Lars Winter on September 30th, 2026 | 07:50 CEST

Almonty in Focus, Growth Opportunities at PVA TePla and Redcare Pharmacy: Three Stocks to Watch

  • Tungsten
  • CriticalMetals
  • Pharma
  • Industrial

Almonty can finally sell tungsten from its South Korean operations, while analysts still see significant upside potential for the stock. PVA TePla aims to double its revenue by 2028. Redcare Pharmacy has raised its forecast once again. Three stocks under the microscope with growth prospects that warrant a closer look.

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Commented by Lars Winter on September 29th, 2026 | 08:00 CEST

Drone Contract for Volatus, AI Power Drives Infineon and a Beauty Boom at M1 Kliniken: Three Exciting Stocks Under the Microscope

  • Drones
  • Defense
  • hightech
  • cosmetics
  • AI
  • chips

Drones for the Canadian military, chips for the AI boom, and beauty treatments with hefty margins: Stock market excitement comes in many forms. Volatus Aerospace could be on the verge of a growth spurt thanks to a Canadian military contract. Infineon is benefiting from data centres' insatiable appetite for power, while M1 Kliniken is ramping up its beauty business. Three different stories with one thing in common: operational progress could translate into further share price gains. We take a closer look at these three exciting stocks in our stock analysis.

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Commented by Lars Winter on September 28th, 2026 | 07:00 CEST

Exciting Stock Stories and Plenty of Upside Potential: Lahontan Gold, United Internet and Generac in Focus

  • Gold
  • Silver
  • Commodities
  • Energy
  • Industrial
  • AI

Exciting stock stories sometimes begin where investors least expect them—in an old gold mine, the expansion of a telecom network or the market for backup generators. Canadian explorer Lahontan Gold recently delivered positive news on its Santa Fe mine in Nevada, which could provide fresh momentum for the stock. Meanwhile, German MDAX-listed United Internet aims to finally turn a profit again after years of heavy spending. And US generator specialist Generac has gained a customer in Amazon that could significantly accelerate its power business. We take a closer look at these three promising stocks and the latest news driving their investment stories.

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Commented by Lars Winter on September 25th, 2026 | 07:25 CEST

RE Royalties, TUI and Chevron in Focus: Three Promising Stocks, Three Bets on the Future

  • royalties
  • dividends
  • renewableenergy
  • travel
  • Oil

Whether financing solar power plants, selling vacations, or producing oil, RE Royalties, TUI and Chevron make their money in very different ways. The Canadian specialty financier boasts a large project pipeline, the travel group has reported new booking figures, and the US energy giant is seeing strong cash inflows. In this stock analysis, we take a closer look at these three companies, each presenting very different opportunities and risks.

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Commented by Lars Winter on September 25th, 2026 | 07:15 CEST

Standard Uranium, 2G Energy and Secunet: Three Stocks with Promising News Flow and Upside Potential

  • Uranium
  • nuclear
  • Energy
  • renewableenergy
  • decarbonization

A single drill core can have a greater impact on a small-cap resource stock than a major order does on an established machinery manufacturer. What matters is how much a piece of news changes the picture. Standard Uranium is hoping for a major discovery in Canada, 2G Energy is supplying power plants for the AI boom, and Secunet is benefiting from the demand for digital security. We present three exciting stories with promising news, but different risks and outlooks.

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Commented by Lars Winter on September 21st, 2026 | 07:05 CEST

Zefiro Methane, Shell and Siemens Energy: Three Promising Stocks with Plenty of Energy and Upside Potential

  • methane
  • OrphanWells
  • Oil
  • Energy
  • renewableenergy

Created and Published on Behalf of Zefiro Methane Corp.

When an oil well runs dry, the producer's business eventually ends. For Zefiro Methane, that is when it really begins. The North American environmental services provider plugs orphaned wells and remediates contaminated sites left behind by the fossil fuel industry. New multimillion-dollar contracts are putting the small-cap stock on the radar. Shares of Shell and Siemens Energy round out this trio from the energy and commodities sector, with strong cash inflows and bulging order books. In our stock review, we take a closer look at these three companies, their energy and their upside potential.

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Commented by Lars Winter on September 18th, 2026 | 07:50 CEST

The New Power in the Skies: Volatus Aerospace, Airbus and OHB in a Stock Analysis

  • Drones
  • Defense
  • hightech
  • geopolitics
  • aerospace

The war in Ukraine has shown just how fundamentally drones, satellites and autonomous systems are transforming modern warfare. At the same time, Europe and Canada are seeking to reduce their dependence on the US and China for security-critical technologies. It is not just established aerospace companies that stand to benefit from this trend. Volatus Aerospace, a small Canadian provider, is also positioning itself in this future-oriented market. Add to that Airbus, the European heavyweight, and OHB, a speculative bet on Europe's sovereignty in space. We take a closer look at these three aerospace specialists in our stock analysis.

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Commented by Lars Winter on September 15th, 2026 | 07:35 CEST

Power Metallic Mines, Oracle, and Adobe: Three Interesting Stocks Poised for a Revaluation?

  • PGMs
  • Copper
  • Electrification
  • Electromobility
  • computing
  • Technology

Copper and precious metals lie dormant beneath Québec's soil, billion-dollar contracts are piling up in Oracle's order books, and Adobe is earning handsomely despite AI concerns. Yet doubts prevail on the stock market. That is exactly what makes these three stocks so interesting. Canadian explorer Power Metallic Mines has significant upside potential: the first resource estimate for the Lion Zone adds substance to hopes of a new mine. Analysts believe this hot stock could more than double in value. With Oracle and Adobe as well, investors are wondering whether the market is correctly identifying the risks or underestimating the opportunities. Fresh figures and news may provide new reasons to buy. We are taking a closer look at this trio in our stock review.

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Commented by Lars Winter on September 11th, 2026 | 08:15 CEST

Standard Uranium, Volkswagen and Inditex: Three Stocks with Explosive Potential

  • Uranium
  • nuclear
  • Energy
  • Automotive
  • Fashion
  • consumergoods

A drill core can have a bigger impact on a small resource explorer than a billion in additional revenue for a global corporation. What matters is how much a piece of news shifts expectations. Uranium explorer Standard Uranium is searching for the big find in Canada, Volkswagen is embarking on a far-reaching corporate restructuring, and Zara's parent company Inditex is proving that fashion can be a lucrative business. Three very different stories - and ones investors should take a closer look at now.

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