Close menu




Lars Winter

 

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 November 13th, 2026 | 05:24 CET

dynaCERT, Daimler Truck and Siemens Energy with strong share price drivers - three promising stocks under review

  • dynaCERT
  • Daimler Truck
  • Siemens Energy
  • HydraGEN
  • HydraLytica
  • Hydrogen
  • Cleantech
  • Diesel retrofitting
  • Fuel efficiency
  • CO₂ credits
  • Verra
  • Commercial vehicles
  • Vietnam
  • France
  • Energy supply
  • Data centres
  • Grid expansion
  • Siemens Gamesa
  • Profit growth

Whether diesel in the tank or electricity in the data centre: energy determines the profitability of many companies. dynaCERT aims to make existing diesel engines more efficient and reports sales progress. Daimler Truck surprises with a jump in profits while Siemens Energy delivers a record year. Three stocks with strong share price drivers, but very different valuations, opportunities and risks. We take a closer look at the trio in our stock review.

Read

Commented by Lars Winter on November 10th, 2026 | 05:26 CET

Phenom Resources Hunts for Nevada's Next Gold Treasure, Lufthansa Posts Record Revenue, Qualcomm Bets on AI: Three Exciting Stocks Under Review

  • Phenom Resources
  • SSR Mining
  • Gold exploration
  • Dobbin gold project
  • Nevada
  • Carlin-type
  • Core drilling
  • Vanadium
  • Nickel
  • MK Plus
  • Solid-state batteries
  • Lufthansa
  • Lufthansa Technik
  • Jet fuel costs
  • Qualcomm
  • Amazon
  • AI data centres
  • Automotive chips
  • Quarterly results

Gold producer SSR Mining took a stake in small gold explorer Phenom Resources in the summer, hoping for lucrative gold discoveries in Nevada before the initial drilling results have even been evaluated. The early investment brings the Canadians prestige and financial strength and fuels speculative interest in the stock. Lufthansa's profit surprised despite expensive jet fuel. Qualcomm plans to push ahead with its entry into the AI data centre business with Amazon. Three promising stocks with different opportunities and risks under review.

Read

Commented by Lars Winter on November 9th, 2026 | 05:30 CET

Good News for Rising Share Prices: Almonty Supplies Tungsten Worldwide, Novo Nordisk Raises Guidance, Apple Heads into Christmas with Record Results

  • Almonty Industries
  • Sangdong mine
  • Tungsten
  • Tungsten production
  • critical raw materials
  • Raw materials supply
  • South Korea
  • Tungsten futures
  • Novo Nordisk
  • Wegovy pill
  • Obesity drugs
  • Forecast upgrade
  • Apple
  • iPhone
  • Quarterly results
  • Christmas trading
  • Stock check

The Sangdong mine in South Korea is producing tungsten again after more than 30 years. For raw materials specialist Almonty, this marks the start of the phase in which a strategically important deposit is set to become a reliable profit generator. This gives the share significant upside potential. At Novo Nordisk, the new Wegovy weight-loss pill is boosting business, and Apple is heading into the Christmas trading season with a record quarter. The good news should soon lead to rising share prices too. In our stock review, we examine the opportunities and the risks and take a closer look at three promising stocks.

Read

Commented by Lars Winter on November 6th, 2026 | 05:35 CET

Gold potential, pharma comeback and AI boom: Lahontan Gold, Bayer and AMD in Focus

  • Lahontan Gold
  • Bayer
  • AMD
  • Gold stocks
  • Santa Fe
  • West Santa Fe
  • Nevada
  • Gold exploration
  • Silver
  • Economic viability study
  • Drilling results
  • Pharma
  • Nubeqa
  • Kerendia
  • Asundexian
  • Turnaround
  • Semiconductors
  • artificial intelligence
  • Data centres

A gold project with enormous return potential, a pharmaceutical group with fresh tailwinds and a chip designer on course for records: Lahontan Gold, Bayer and AMD are currently delivering exciting news. The leverage is particularly strong at the Canadian gold developer, whose Santa Fe project promises enormous growth potential according to the PEA. Bayer, meanwhile, recently raised its earnings targets, while AMD is benefiting from the expansion of data centres. We examine where the opportunities now lie and where investors need to look more closely - three interesting stocks under review.

Read

Commented by Lars Winter on November 5th, 2026 | 05:32 CET

Palantir with a Growth Turbo, Amazon with Cloud Power and HPQ Silicon Poised for Its Next Step: Three Stocks with Potential in Focus

  • HPQ Silicon
  • Palantir
  • Amazon
  • Novacium
  • Battery technology
  • Silicon anodes
  • ENDURA+ GEN4
  • Drones
  • Defence
  • Electromobility
  • Aptera Motors
  • artificial intelligence
  • Cloud Computing
  • AWS
  • Market entry
  • Growth stocks
  • Small-cap stocks

Created and Published on Behalf of HPQ Silicon

Palantir is growing rapidly, Amazon is earning handsomely from its cloud, and HPQ Silicon is working toward a commercial breakthrough in its battery technology. Three companies, three different starting points – and plenty of potential. While the two US groups already generate billions in revenue, even modest orders could make a big difference for the small Canadian materials specialist. We take a closer look at these three exciting stocks.

Read

Commented by Lars Winter on November 3rd, 2026 | 05:24 CET

Zefiro Methane: Old wells, new contracts and plenty of upside potential

  • Oil
  • Oil price
  • Crude oil
  • Brent
  • Oilfield services provider
  • Oil drilling
  • Methane
  • Wells
  • Zefiro
  • Zefiro Methane

Created and Published on Behalf of Zefiro Methane Corp.

Investors looking to benefit from the American energy boom usually focus on oil and gas producers or power plant builders. Yet opportunities can also be found in what previous generations of producers have left behind. Millions of disused oil and gas wells across the US need to be properly plugged. Some release methane, while others stand in the way of new construction projects. For Zefiro Methane, this represents a huge market. The latest company announcements show how the growing need for remediation is increasingly translating into firm contracts. Following its operational turnaround, Zefiro is now entering its next phase of growth. We take a closer look at this intriguing stock in our stock check.

Read

Commented by Lars Winter on October 30th, 2026 | 05:31 CET

Good news from Almonty, record profits at Deutsche Bank and a cloud boom at Microsoft and SAP: Four promising stocks under review

  • Almonty
  • Microsoft
  • Deutsche Bank
  • Tungsten
  • Financial services
  • Banks
  • AI
  • Artificial Intelligence
  • SAP

Tungsten specialist Almonty is finally getting the long-awaited supply of this strategically important raw material to the West underway. Deutsche Bank reports record profits, Microsoft turns the cloud and AI boom into growing earnings and SAP impresses with strong cloud growth and rising profitability. On the stock market, however, investors are rewarding these advances very differently. Between a halved share price, a low earnings valuation and high growth expectations, the intriguing question is where the greatest opportunities lie now and how much confidence is already priced in. We take a closer look at the four promising stocks in our stock review.

Read

Commented by Lars Winter on October 27th, 2026 | 05:42 CET

Desert Gold Poised for a Breakout, Adidas and Deutsche Börse Issue New Forecasts: Three Stocks in Focus

  • Gold
  • Gold price
  • Precious metals
  • Desert Gold
  • Adidas
  • Deutsche Börse

Created and Published on Behalf of Desert Gold Ventures Inc.

Although the gold price has recently corrected sharply, Desert Gold shares may be approaching a longer-term uptrend. In Mali, the promising gravity processing plant is reportedly set to be commissioned soon. Initial gold production could mark a turning point for the company. Adidas, meanwhile, has reported record figures, and Deutsche Börse has raised its forecast once again. Three stocks with strong share price drivers, but very different opportunities and risks. We take a closer look at the trio in our stock review.

Read

Commented by Lars Winter on October 24th, 2026 | 05:29 CEST

New Orders, a New Shareholder and a New Bid: Fresh Developments at HPQ Silicon, CTS Eventim and Qiagen

  • Hydrogen
  • Drones
  • Defence
  • Health
  • Concerts
  • Ticketing
  • HPQ Silicon
  • CTS Eventim
  • Qiagen
  • Batteries

Created and published on behalf of HPQ Silicon

Sometimes a single announcement is enough to reshape the story behind a stock. At HPQ Silicon, certified high-performance cells and initial orders could mark the transition from a development project to a commercial supplier. At CTS Eventim, the arrival of an activist investor has sparked fresh interest. At Qiagen, meanwhile, a takeover offer could lead to a bidding war between two financial investors. Three shares, three potential share price drivers – but also three very different risk and reward profiles. We take a closer look at the trio in our stock review.

Read

Commented by Lars Winter on October 20th, 2026 | 05:44 CEST

Gold, Money and Healthcare: Lahontan Gold, Goldman Sachs and Johnson & Johnson – 3 Promising Stocks Under Review

  • Gold
  • Gold mine
  • Gold price
  • Commodities
  • Precious metal
  • Mining
  • Banks
  • Financial services providers
  • Pharmaceutical industry
  • Medicines
  • Health
  • Medicine

Canadian gold exploration company Lahontan Gold is generating optimism. A preliminary economic assessment of its key mining project in Nevada recently assigned the Santa Fe Mine a calculated project value of USD 820 million. This is a multiple of its current market capitalisation, giving the stock considerable upside potential. Goldman Sachs has also surprised the market in recent days with a strong set of financial results. Pharmaceutical giant Johnson & Johnson, meanwhile, raised its outlook despite one minor setback. Three promising companies with positive news are under review.

Read