MAJOR SHAKE-UP and 300% upside potential! DroneShield, SMA Solar, Planethic Group

Planethic Group: Transformation offers over 100% price potential

Is a turnaround emerging for Planethic Group (formerly Veganz Group)?On Friday, the Company announced that CEO Rayan Tegtmeier had been dismissed by the supervisory board with immediate effect. According to the Company, the operational complexity of the ongoing transformation and scaling process requires specific expertise. For the upcoming growth phase, Planethic intends to appoint an experienced entrepreneur with strong technical knowledge and proven operational management experience. Financial expert Tegtmeier had only succeeded company founder Jan Bredack as CEO in September 2025.

This could be the breakthrough for the stock. It has lost around 70% of its value since the end of July and was trading at around EUR 6 on Friday. Over the past four weeks alone, the decline was about 38%. With a market capitalization of around EUR 10 million, analysts view the share as deeply undervalued. Analysts at First Berlin, for example, see the fair value at EUR 26, which is over 300% above the current price level.

There is much to suggest that Planethic's share price will rise. The former Veganz Group has evolved into a foodtech holding company with innovative technologies and subsidiaries. Central to the equity story is Mililk – a proprietary 2D printing technology for dried, long-life and rehydratable beverages. A printed oat milk product that is rehydrated on site after transport is currently being launched on the market. The potential appears to be huge, particularly in the US and Asia. In the US, Planethic has already secured Jindilli Beverages as a partner, a supplier to chains such as Starbucks and McDonald's. The printed oat milk is only the beginning. The range is to be expanded to include additional milk alternatives and juices.

First Berlin's estimates illustrate the disconnect between fundamentals and valuation. Analysts expect revenue to rise to EUR 34 million as early as next year and forecast EUR 117 million for 2027. Despite high initial investment requirements, EBITDA of EUR 12.8 million and earnings per share of EUR 0.50 are expected to be achieved as early as 2027. This simply does not fit with the current market capitalization of EUR 10 million. Click here for the study.

DroneShield: Trust Lost

Horror weeks are also behind DroneShield shareholders. Last week alone, the drone defense specialist's share price plunged by nearly 40%, briefly falling below the EUR 1 mark. At the beginning of October, the share price was still trading close to EUR 4. While Planethic's decline lacks clear catalysts, DroneShield's sell-off is tied to insider sales, misinformation, and a severe loss of market confidence.

The quarter had initially been celebrated: in Q3, DroneShield had increased its revenue by more than 1,000% to EUR 92.9 million, with operating cash flow turning positive at around AUD 20 million. Order intake remained strong as well.

Then the Company became somewhat euphoric and announced a supposed new order from the US government. But shortly afterwards, trading in the stock was suspended, and the Company had to backtrack. This was because the order had already been reported. This triggered the first slide in the share price and significantly damaged credibility.

Matters worsened when it was revealed that Matt McCrann, Head of DroneShield's US business, was leaving the Company with immediate effect and had sold his entire shareholding at a price of AUD 3.30. The news completed the collapse in investor confidence.

SMA Solar: Analysts raise price target

While Planethic Group and DroneShield are working on a turnaround, SMA Solar is already in the process of one. Since September 2, the share price has doubled to around EUR 32, at times, briefly even reaching EUR 36.

Operationally, the inverter specialist is also showing clear progress. In the first nine months of 2025, revenue rose from EUR 1.06 billion to EUR 1.13 billion. The main growth driver was the Large Scale & Project Solutions division, which expanded by 24.8% to EUR 953.4 million. EBITDA, including one-time special effects, came in at EUR -16.9 million (9M 2024: EUR 83.5 million). However, this figure is heavily distorted by substantial one-time charges, including impairment losses and inventory write-downs, additions to provisions for purchase commitments (totaling: EUR 146.0 million), and value adjustments on receivables (EUR 7.5 million), offset by EUR 18.0 million in positive special effects. Operating EBITDA before special items rose significantly from EUR 64.4 million to EUR 118.6 million.

SMA CFO noted: "Given the decline in demand in the market for residential and commercial systems, expanding our restructuring program was a logical step toward improving our competitiveness. We are making good progress in implementing the measures and are achieving steady, measurable progress. The additional measures will further significantly reduce costs in the Home & Business Solutions division and the Corporate Center and sustainably increase efficiency."

Following the figures, Jefferies upgraded SMA shares from "Hold" to "Buy." From the analysts' perspective, SMA has weathered the worst and is clearly on the road back to profitability. The experts have raised their price target from EUR 22 to EUR 39.

The change in management could provide a breakthrough for Planethic Group. A market capitalization of EUR 10 million simply does not match an analyst forecast of over EUR 100 million in revenue by 2027. Technically, a rebound in DroneShield shares is overdue. However, the loss of confidence is significant. A breather would come as no surprise for SMA Solar shares.