Nel shares jump! D-Wave down 40%! Over 30% upside potential for WashTec shares!

WashTec: More than 30% upside potential + over 5% dividend yield

Growth, margin improvement, and share buybacks are driving WashTec shares. The world's leading provider of innovative vehicle washing solutions also pays an attractive dividend – in 2025, it was EUR 2.40 per share. WashTec shares are currently trading at EUR 41.50.

It is, therefore, unsurprising that analysts see upside potential. mwb research believes the share price could rise by more than 30%. Analysts have maintained their "Buy" recommendation following convincing Q3 figures and see the fair value of WashTec shares at EUR 55.

The Q3 figures demonstrate accelerated growth. Revenue rose by 10.3% to EUR 125.8 million, while operating profit (EBIT) increased by 35.8% to EUR 14.8 million. Accordingly, the EBIT margin improved to 11.8%. Against this backdrop, analysts consider the annual forecast to be conservative - could an upward revision be coming soon?

WashTec itself also views the company's valuation as an attractive buying opportunity. Last week, it launched a share buyback program. WashTec CEO Michael Drolshagen emphasized the positive outlook: "The excellent results for the third quarter confirm that WashTec is on track to achieve its short- and medium-term goals. Our business model generates high cash flows, and our shares provide strong dividends for shareholders. With the share buyback program launched today, we are sending a clear signal of our confidence in the long-term value development of WashTec AG."

Nel share price jumps: A turnaround?

While WashTec is paying attractive dividends and buying back its own shares thanks to high cash flows, Nel is struggling with a decline. Has Nel's share price turned around last week? After all, the share price of the former hydrogen high-flyer rose by over 20%. This was triggered by orders and an insider purchase. Does this mean that the poor quarterly figures - in particular, the order intake was worrying - are now a thing of the past?

Nel has received two binding orders for containerized PEM electrolysers (MC-500) with a capacity of 20 MW each. The orders were placed by the two Norwegian companies HyFuel and Kaupanes. The total order volume exceeds USD 50 million. According to Nel, this is the largest PEM order to date. Delivery of the systems is scheduled for the second half of 2026 to 2027, with regular operation targeted for early 2028, and the stacks will be manufactured at Nel's US plant. The Norwegians see the order as an important boost after a period of lower orders.

In addition, a small insider purchase was reported on Thursday. Nel CPO Hans Hide purchased 10,000 shares at an average price of NOK 2.4379. This brings Hide's holdings in Nel shares to 40,000. He also holds 600,000 options.

D-Wave: -20% in one week

D-Wave Quantum's stock lost around 20% of its value last week, and since its October high of around EUR 40, it has corrected by almost 40%. Even the quarterly figures were unable to stop the sell-off. As expected, revenue is growing strongly, but with a market capitalization of over USD 10 billion, valuation criteria are currently irrelevant in the quantum sector.

D-Wave doubled its revenue to USD 3.7 million in the third quarter of 2025. Bookings were virtually unchanged from the previous year at USD 2.4 million. However, shortly after the quarter ended, bookings totaling USD 12 million were secured. At the same time, the Company reported a booking worth EUR 10 million for 50% capacity of an Advantage2 annealer in Lombardy. In addition, the Advantage2 system was officially put into operation at the customer Davidson Technologies. Customers include a major US airline, the SkyWater foundry, and Japan Tobacco. Technologically, the quantum pioneer is making progress with over 4,400 qubits in the Advantage2 – and is advancing the gate model roadmap with fluxonium and control chips.

Losses continue to exceed revenue significantly. In the third quarter, D-Wave's operating result was USD -27.7 million (Q3 2024: USD -20.6 million). However, the Company can easily afford this. At the end of the third quarter, it had cash and cash equivalents of USD 836 million.

WashTec appears to be an attractive addition to any portfolio in turbulent times, with 30% upside potential. The Company is increasing its earnings at a disproportionately high rate, generating strong cash flow and paying an attractive dividend. The share buyback also provides downside protection. In contrast, Nel's recent share price jump is unlikely to signal a trend reversal, as the volume was too low. The same applies to insider buying. D-Wave remains a very hot stock: the figures are moving in the right direction, but at this valuation level, the share is driven almost entirely by future expectations.