Caution with Plug Power! TKMS with major order! Pasinex Resources completes acquisition!

Pasinex Resources: Consolidation offers opportunity in zinc high-flyer

Zinc is probably not one of the commodities most investors have on their radar. However, Pasinex Resources' stock has shown over the past year that strong returns are possible. The Company focuses on developing exceptionally high-grade zinc deposits in Turkey and the US. Zinc is considered an essential metal for global sustainability, with a wide range of applications and rising demand. The stock had more than tripled at one point and, following a consolidation toward year-end, now offers an interesting opportunity to enter or add to holdings.

The purchase of the high-grade Pinargözü mine in the province of Adana in Turkey has now been successfully completed. Pasinex can now fully concentrate on the expansion of the mine.

Production at Pinargözü is already underway. Mined material is being brought to the surface. By the end of December, stockpiles of zinc sulfide material dumped above ground had increased to around 340 tons. A 10 x 20 meter material loading and sorting area was already set up in front of tunnel 541 in December. Concrete barriers and wire fencing around the construction and parking areas have also been installed. Renovation work on the office facilities is ongoing. Nearby crushing and ore-processing facilities have already been evaluated.

Pasinex is also developing the Sarikaya zinc project near the Pinargözü mine. The area contains numerous high-grade areas with zinc contents of up to 50%. The mine could enter production within the current year.
As a result, positive news flow is likely to continue this year and support the share price.

Plug Power: Buy recommendation, but caution advised!

Plug Power's stock could certainly use some momentum. During the AI energy hype in the US, the hydrogen stock multiplied to USD 4 by mid-2025 within just a few months. By the end of the year, however, it had fallen back to USD 2. From Clear Street's perspective, the current level once again offers upside potential. The analysts upgraded Plug shares from "Hold" to "Buy." At the same time, the fair value of the shares has been reduced from USD 3.50 to USD 3.

Plug shareholders should definitely keep an eye on January 15. That is when the Company's virtual extraordinary general meeting will take place. At this meeting, management intends to seek approval to double the authorized share capital from 1.5 billion to 3 billion shares. This could be achieved through one or more capital increases. If Plug makes full use of the framework, this would mean a noticeable dilution for existing shareholders.

TKMS: New momentum from major order

TKMS shares received a tailwind in the final trading days of 2025 following a major order. The Company signed a framework agreement with the German Armed Forces for the delivery of DM2A5 heavyweight torpedoes and the associated equipment for Class 212CD submarines. The order covers the development, production, and delivery of the heavyweight torpedoes. For TKMS, this is the largest torpedo order in the Company's history. The exact order volume was not disclosed.

The DM2A5 heavyweight torpedoes are expected to significantly improve the capabilities of the submarines. They feature a modular, battery-based electric propulsion system for high speed and long range with low acoustic signature. Advanced digital sonar also enables deployment in multi-target scenarios and complex environments. The fiber optic connection to the carrier platform enables high data rates and ensures precise navigation and control.

There are many reasons to believe that Pasinex shares will continue their upward trend in 2026. The acquisition of the producing mine has been completed, and a high-grade project is scheduled to go into production in 2026. Against this backdrop, the shares do not appear to be expensive. Plug Power is likely to remain only for speculators with strong nerves. The impending capital increase is likely to cause uncertainty, and the Company remains a long way from a profitable business model. The performance of TKMS shares is likely to depend heavily on how sentiment in the defense sector develops.