Boom 2026 – Energy transition now! Which stocks are convincing in the long term? Power Metallic, Nordex, Siemens Energy, or JinkoSolar

Nordex and Siemens Energy – Upward against the dark doldrums

Anyone who has not yet invested in the renewable energy sector should subject the leading German players, Nordex and Siemens Energy, to a fundamental assessment. This is because there are certainly justified doubts about the spectacular price developments of the last two years.

Of course, Europe would like to eliminate fossil fuel energy supplies, with the aim of completely phasing out Russian gas imports by 2027. By then, it would be necessary to completely revamp the base load capacity of the European electricity landscape. This is a major undertaking, as there were over 164,000 supply interruptions across Europe in 2025. Reliable figures for 2025 are not yet available, but the individual federal states have recorded 4- to 5-digit outage reports by mid-December. The largest blackout occurred at the end of April in northern Spain and southern France. Official figures are not being published so as not to unsettle the population. Nevertheless, it can be assumed that the shutdown of nuclear power plants in Germany has created a significant latent supply risk.

Shareholders of Nordex and Siemens Energy have no cause for concern, as both stocks have already gained over 150% and 140%, respectively, in 2025. That should cover the electricity bill for the next 20 years. However, on the LSEG platform, there are increasing numbers of analysts who no longer paint such a rosy picture of the future. For 2026, a P/E ratio of 22.5 is reported for Nordex and 32.8 for Siemens Energy. For Nordex, the average 12-month price target is EUR 28.40, but the high for the current December was already EUR 29.82. The potential is therefore rather negative, with Banco Santander and ODDO BHF recently downgrading to "Neutral." The situation is little better at Siemens Energy. With prices above EUR 124, the consensus of EUR 120.50 has already been well exceeded. We do not think much of shorts, but anyone who still expects a lot of upside here needs strong nerves and patience – the next quarterly figures will be released in February.

Power Metallic Mines – Land expansion and new target areas open up further potential

In the midst of the current commodity boom, there were several major sell-offs of Power Metallic shares, pushing the stock down from CAD 1.50 to a low of CAD 0.75. However, this was too much for loyal investors, and the share price has already risen by 30% in the last two trading days. Nevertheless, the return for 2025 remains zero. Analysts on the LSEG platform have a 12-month consensus target of CAD 2.44, implying potential upside of 144% from the current price.

Why take a closer look at Power Metallic Mines? The Québec-based company is positioning itself in a challenging commodities environment as a dynamic exploration stock with a clear strategic focus. Under the leadership of CEO Terry Lynch, the focus is on metals relevant to the future, such as copper, nickel, and platinum and palladium group metals. A significant growth step was marked by the acquisition of over 300 additional claims around the Nisk project in Québec, which significantly increased the controlled project area. The region is considered politically stable, mining-friendly, and offers attractive mining conditions.

The latest drilling results from the Lion Zone in particular underscore the project's exceptional potential. Several sections with very high copper equivalent grades confirm both the quality and continuity of the mineralization at depth. At the same time, the mineralogical characteristics, such as the occurrence of chalcopyrite and cubanite, suggest efficient metallurgical recovery rates. This is complemented by significant accompanying metals such as gold, silver, platinum, and palladium, which further enhance the overall economic picture. Ongoing metallurgical studies at renowned laboratories are intended to provide the basis for a robust economic assessment.

At the same time, Power Metallic is advancing the exploration of new target areas such as Nisk East and the so-called Hydro Lands, which are interpreted as a structural continuation of the existing system. Another focus is on the promising Lion-Tiger-Deep target, where geophysical anomalies indicate larger, previously unexplored sulfide bodies. The Company is preparing to deploy more powerful drilling equipment for these deep targets starting in 2026. Thanks to extensive capital raising, Power Metallic is in a comfortable financial position to implement the planned programs without time pressure. The year 2026 is likely to be extremely exciting for shareholders, and non-investors in particular can now take advantage of a market value of CAD 215 million!

CEO Terry Lynch provided an overview of exploration progress at the recent International Investment Forum (www.ii-forum.com). Click here

JinkoSolar – Operational stabilization despite industry-wide overcapacity

The picture is improving for solar module specialist JinkoSolar. The Company reported a 34% decline in revenue for Q3 and a 16.7% drop in module shipments, caused by ongoing overcapacity and price erosion in the global solar industry. After a slight profit in the previous year, the Company slipped deep into the red with a net loss of CNY 750 million. Despite this weakness, the gross margin improved sequentially to 7.3%, signaling that the Company has bottomed out operationally. However, price competition remains extreme, as China dominates the industry with an 80% share of the global market and is under strong margin pressure due to overcapacity. Measures to consolidate the sector have had little effect so far, even though the Chinese government is initiating structural adjustments.

Jinko is therefore focusing on diversification as a strategy: the new energy storage systems division is developing very dynamically and is expected to contribute its first profits from 2026 onwards. With 3.3 GWh of storage units delivered by Q3, the annual target of 6 GWh is realistic. The global expansion of renewable energy is providing tailwinds, as according to Science, 2025 was the first year in which more electricity was generated from wind and solar than from coal. This shift marks a global turning point from which Chinese manufacturers such as Jinko are benefiting through economies of scale and export dominance. At the same time, JinkoSolar is pushing ahead with its technological innovations. The Company holds a new world record for N-type TOPCon solar cells with an efficiency of 27.8% and uses advanced material and passivation technologies. The roadmap envisages exceeding the 28% mark for commercial cells by 2028. **Despite its technological leadership, the capital market remains cautious: analysts estimate the fair price at an average of USD 26.85, while the share is trading at USD 27.50.

There is little room for maneuver, but surprises are always possible!**

The transition to alternative energies requires high material inputs, secure supply chains, and reasonable procurement prices. In 2025, raw materials were able to positively address their years of undervaluation, and the rally of the century is likely to continue here. One man's loss is another man's gain. Rising resources are boosting the owners of promising properties such as Power Metallic, but are weighing on the margins of GreenTech manufacturers. Selection will therefore continue to be the trump card for a successful portfolio in the coming year!