BUY RECOMMENDATIONS and INSIDER SALES: D-Wave, Siemens Energy, Graphano Energy

Graphano Energy benefits from the graphite boom

Graphite is often overshadowed by lithium and other critical metals in the public eye. This offers investors an opportunity, as demand for graphite is expected to rise significantly in the coming years. As an anode material for lithium-ion batteries in electric vehicles and stationary storage systems, the raw material plays a key role. In its Global Critical Minerals Outlook 2025, the International Energy Agency (IEA) expects, in its "Stated Policies Scenario," that cleantech demand for graphite will nearly triple from around 1.5 million tons in 2024 to around 4.1 million tons in 2030. During the same period, total demand is expected to almost double from around 4.8 million tons to around 8.2 million tons. China also controls the global market for graphite. Due to its importance for industry and future technologies, the raw material is considered critical by the US, the EU, and Japan. The graphite industry is therefore being promoted, particularly in the US and Canada.

This makes Graphano Energy's stock attractive. The Company is advancing the development of three graphite projects in Quebec, Canada. In addition to excellent infrastructure, tax incentives, and access to clean hydroelectric power, politicians are also backing the raw material explorers. If the news flow remains positive in the coming year, the stock should take off. This currently presents an attractive entry opportunity. The flagship Lac Aux Bouleaux project is located near Northern Graphite's producing Lac-des-Iles mine. To ensure a capital-efficient transition to commercialization, Graphano has already agreed on the possible shared use of Northern Graphite's nearby processing plant. This not only saves costs but also time.

There has also been positive news recently regarding the Black Pearl project. The September drill program yielded, among other things, a drill hole with 4.81% Cg over 12.25 m and 6.63% Cg over 7.07 m. Overall, extensive near-surface graphite mineralization along various structures was confirmed. This indicates significant deposit potential. The resource estimate for the Standard Mine project is scheduled for 2026. Drilling has yielded strong results with grades of up to 15.95% graphitic carbon. The feasibility study is also scheduled to be completed next year.

Siemens Energy: Analyst continues to fuel the rally

While investors in Graphano Energy were still waiting for the stock to break out despite good operational performance, the rally at Siemens Energy continues. Or is it overheating? Not according to Evercore ISI. Their analysts recently caused a stir with a hammer price target for the high-flyer of recent years on the German stock market. The experts believe Siemens Energy shares could reach a price of EUR 200. The stock has already gained over 130% in the current year and is trading at around EUR 120. According to Evercore ISI, a further 60% is possible. The market capitalization would then be around EUR 160 billion.

Analysts consider the stock to be attractively valued in view of the expected company growth. According to this, Siemens Energy is currently valued at around 14 times the EV/EBITA multiple for 2027. Its most important competitor, GE Vernova, is valued at almost twice as high with a multiple of 26. The peer group as a whole is also valued at an average multiple of 19 times, making it more expensive. With growth, margins should continue to rise and could provide a surprise. This makes Evercore analysts the absolute Siemens Energy bulls. The average price target of all analysts is EUR 125 (source: marketscreener.com).

D-Wave: Insider sales and buy recommendation

D-Wave shares are still not for the faint-hearted. From mid-October, the quantum stock plummeted from EUR 38 to EUR 17 within four weeks. In December, a rally drove the stock back up to almost EUR 25. Then it fell again by over 20% and is currently trading at just over EUR 20.

Several insider sales in early December caused some unrest on the stock market. CFO John M. Markovich and directors Kirstjen Nielsen and John D. DiLullo sold over 200,000 shares within a few days.

Jefferies' "Buy" recommendation has not yet given D-Wave shares any new momentum. Analysts see the fair value at USD 45, which means there is considerable upside potential. In their initial study, the analysts praise the conditions for the quantum industry. D-Wave is well-positioned to benefit from this. With Advantage2, the technology company already has a platform for commercial use, and more than 100 organizations are already using D-Wave's software. The trend is expected to go beyond pilot projects. The cash balance of USD 836 million is also reassuring.

Siemens Energy is unstoppable. However, the air is getting thinner for the stock, and profit-taking should at least be considered. In contrast, Graphano Energy is tempting to buy into. The stock could really take off next year. D-Wave is the top name in the quantum sector, but is likely to remain very volatile.