Panic or Buying Opportunity? SFC Energy, TeamViewer, Almonty Industries

Almonty Industries: Reason to Panic?

Almonty Industries' stock is not for the faint of heart right now. The tungsten producer's stock has fallen from EUR 16 to EUR 12 in just a few days. However, this is no reason to panic. For one thing, the stock had previously risen from EUR 10 to EUR 16 within a few weeks. This meant it was overbought, so the decline was no surprise. Historically, Almonty's stock has been characterized by a fair amount of volatility. The reasons for rising prices remain in place. The tungsten price shows no signs of weakness and allows Almonty to achieve fantastic margins. Demand for this critical metal remains strong. Supply is constrained by export restrictions, such as those recently imposed in the US and Zimbabwe. While production at the megamine in Sangdong, South Korea, continues to ramp up, Almonty is expanding its mine in Portugal and preparing to begin production in the US. Analysts continue to foresee significantly higher prices, and a USD 300 million share buyback program provides downside protection.

Another expansion was recently announced. Almonty and the Rwandan government have agreed to a strategic partnership to develop Rwanda's tungsten sector. Under the agreement, the government will receive a 25% stake in the newly established Almonty Rwanda Pty Ltd, while Almonty will hold 75%. In return, Rwanda is contributing, among other things, the approximately 32 km² Shyorongi exploration concession and a mineral processing license. The goal is to consolidate existing tungsten production, new processing capacities, and further exploration into a single platform. In Rwanda, Almonty intends not only to advance exploration projects but also to purchase existing material. The tungsten company plans to buy ore, pre-concentrates, and tailings from existing Rwandan mine operators, including smaller ones, and then process and export them.

Strategically, the partnership fits into Almonty's plan to establish a more Western-oriented and traceable tungsten supply chain. According to the company, the cooperation came about through mediation by the US Department of State and is linked to the US-Rwanda Framework for Economic Cooperation. Of particular relevance is the fact that, starting January 1, 2027, the US will tighten restrictions on certain tungsten materials from defined countries of origin along the entire supply chain. For Almonty, Rwanda presents an opportunity to tap additional, traceable tungsten sources for Western industrial, technology, and defence customers.

Analysts continue to see significant upside potential for Almonty shares. Most recently, Jefferies initiated coverage with a price target of USD 26.25. This places it toward the lower end of the price target range. Analysts at D.A. Davidson, for example, estimate the fair value of Almonty shares at USD 33. German experts at GBC Research believe the tungsten stock could rise to USD 30.

SFC Energy: Analysts Bullish

Investors need to be patient not only with Almonty but also with SFC Energy stock right now. The share price has been trading sideways since June. Meanwhile, the company reported record margins and a record order backlog for the first half of the year. A major order from Ukraine is making a significant contribution; there, the fuel cell systems are primarily used for virtually silent and inconspicuous power generation and battery charging. In an interview with Börsenradio, CEO Peter Podesser emphasized that growth is more broadly based. Even excluding the Ukraine order, order intake rose by more than 50% compared to the previous year. The civilian and industrial businesses are also growing steadily by around 20%. In Ukraine, SFC is also establishing service, repair, and local value-added structures.

For India, the company expects a return to growth following temporary political budget delays. Released funds and a well-stocked project and order pipeline are expected to provide an initial boost. Podesser anticipates stronger momentum, particularly starting in 2027. SFC sees additional growth opportunities through an investment in Singapore and new reformer technologies, which the company intends to use to further expand its product portfolio and international presence.

Analysts expect SFC's share price to rise. First Berlin is particularly bullish. Given the record order backlog of EUR 105 million, analysts feel comfortable with their estimate at the upper end of the company's forecast. They even believe SFC could perform even better if the supply bottlenecks expected in the fourth quarter are overcome. Analysts estimate SFC's fair value at EUR 31. The stock is currently trading just above EUR 20.

TeamViewer: From AI Loser to AI Winner?

TeamViewer's stock is currently staging a comeback. Since the share hit an all-time low in March and tested the EUR 4 mark, it has been on the rise. The German software company's stock is now trading at over EUR 6.60.

TeamViewer was at times traded on the stock market, much like Salesforce, ServiceNow, or SAP, as a potential loser of the AI boom. Investors were concerned that intelligent agents could increasingly replace traditional software functions, thereby putting pressure on existing business models. This view now appears to be shifting. Established software providers, in particular, have large customer bases, deeply integrated systems, and extensive corporate data, enabling them to meaningfully incorporate AI into existing products. For TeamViewer, this creates an opportunity to increase its value through greater automation and turn the perceived risk into an additional growth driver.

This aligns with the latest announcement: TeamViewer is expanding its AI agent, Tia, with the "Tia Troubleshooting" feature. This enables the AI to analyze IT issues during remote maintenance largely on its own, identify causes, suggest solutions, and implement them directly on the end device after approval by an IT specialist. Tia then verifies whether the problem has actually been resolved. This process utilizes a structured database of past support cases and proven solutions. Even with more complex problems, Tia can evaluate cross-system data and, if necessary, automatically generate scripts for new solutions.

Potential use cases range from application and update errors to file access issues and declining device performance. According to a TeamViewer study, IT managers expect that by 2030, nearly 40% of digital workplace services will be operated without manual intervention. The new feature is now available for all TeamViewer remote support licenses.

The sell-off of Almonty shares over the past few days has been severe. However, this has happened several times before. The tungsten company's story appears far from over. Investors should keep a close eye on developments surrounding the US import restrictions taking effect on January 1, 2027. SFC Energy does not appear expensive. However, supply chain issues and order delays have caused problems in the past. TeamViewer is shaping up to be an exciting comeback story.