Analysts still recommend BUY even after a 1,300% increase! Siemens Energy, Nel ASA and Power Metallic Mines!

Power Metallic Mines faces exciting months ahead

Last winter, Power Metallic Mines – then still operating under the name Power Nickel – made headlines with spectacular drilling results in Canada. What began as a nickel project has evolved into a world-class multi-metal discovery. The Nisk project, centered around the Lion Zone, is located in one of the world's most mining-friendly jurisdictions and hosts copper, nickel, platinum, palladium, cobalt, gold and silver. The deposit is comparable to Norilsk in Russia, one of the world's largest and most valuable sources of nickel and platinum group metals. Power Metallic's market capitalization remains below CAD 300 million – a fraction of its potential..

Last fall/winter, the stock rallied over 100%. Something similar could be in store this winter. There are several factors driving the price. Power Metallic Mines recently completed its summer drilling program, with a total of 34 drill holes completed over a total length of 17,250 m. The Lion Zone once again delivered strong results. Copper equivalents ranged from 4.28% to 15.45%, offering potential for resource expansion. Results for the Tiger Zone and the newly acquired Li-FT area are still pending.

In addition to the anticipated strong drill results, CEO Terry Lynch is currently on an investor roadshow in Europe and the US. In an interview at the end of September, he seemed very relaxed about the share price performance. The Company has delivered in recent months, and this should soon be reflected in the share price again. The high in February was CAD 1.97. After a sharp correction, the share price has resumed its upward trend and is currently trading at CAD 1.50. In the context of the ongoing commodity boom, the old high should be the next target. To achieve this, intensive work is underway on an uplisting in the US.

There may be news as early as Wednesday, October 8, 2025, when Terry Lynch will present at the 16th IIF virtual investor conference. Private and institutional investors can register here to participate free of charge. Many exciting German and international small and mid-caps will be presenting throughout the day.

Siemens Energy: 1,300% not enough for analysts

While Power Metallic needs to gain around 30% to reach its all-time high – and, as reported, the chances of this happening soon are good – Siemens Energy briefly broke through the EUR 110 mark last week. This continues what is perhaps a unique rally for a DAX company on the German stock market. At the end of 2023, the Company had to be supported by guarantees from the federal government. At that time, the share price was trading below EUR 8. Investors who bought then and held on to their shares can now look back on a remarkable performance of over 1,300%.

In 2023, problems in the wind power business caused the Company to falter. Now, the division has ensured that analysts have even raised their price target to EUR 124. Last week, Goldman Sachs commented positively on the prospects for the wind power business, especially offshore. Combined with the continued strength of the Gas and Power division, this led to an upward revision of estimates. Goldman Sachs therefore recommends buying shares in the energy technology group.

The price target at Berenberg made an even bigger leap. Analysts see Siemens Energy on a healthy path: demand remains high and, in the medium term, margin expectations could even be too low. Therefore, the "Buy" recommendation is confirmed, and the price target is raised from EUR 75 to EUR 122.

Bernstein Research continues to risk its credibility. Since 2023, they have rated Siemens Energy as "Underperform." Analysts currently see the fair value at EUR 37.

Nel: In the shadow of Plug Power

Nel ASA's all-time high dates back to 2021. At that time, the hydrogen specialist's stock was trading at EUR 3.20. Today, it is trading at EUR 0.20. The stock has lost another 17% of its value in the current year. Hopes raised by the entry of the Samsung Group have faded.

Analysts offer little hope for improvement. After a long period of silence, one expert has come forward and published a new study. However, Jefferies cannot bring itself to recommend more than a "Hold." The experts point out that the hydrogen market continues to fail to deliver on its promises. Projects are repeatedly delayed, which is weighing on the entire industry. They are therefore reducing their price target for Nel ASA shares from NOK 3.00 to NOK 2.20.

Opinions on Nel ASA and Plug Power thus diverge widely. While more and more analysts are expressing positive views on Plug Power, confidence in Nel ASA is lacking. This is also reflected in the share price. Plug Power shares have been among the high flyers, rising 200% in the past six weeks.

A new all-time high in the coming months is anything but unlikely for Power Metallic Mines. And there should be even more upside in the medium term. Commodity markets are booming, and the Company is expected to continue reporting positive drilling results. In addition, the planned uplisting in the US should drive the share price. Siemens Energy is benefiting from the hunger for energy in the US. The stock is anything but cheap, but that was also true six months ago. Nel ASA, on the other hand, is currently not a convincing buy.