Standard Uranium, 2G Energy and Secunet: Three Stocks with Promising News Flow and Upside Potential

Standard Uranium: The big discovery is still pending

Canada's Athabasca Basin is home to some of the world's highest-grade uranium deposits. A major discovery here could transform a small exploration company into a sought-after takeover target. That is exactly what investors are banking on with Standard Uranium. For now, the stock's story revolves primarily around promising properties and the hope of that decisive discovery.

The most important project is called Davidson River. The 30,737-hectare property lies about 25 km from the well-known Arrow and Triple R deposits. These prominent neighbours spark the imagination. However, Standard has yet to prove it has a commercially viable deposit of its own. The largest drilling program in the company's history is scheduled for 2026, with more than 8,000 m to be drilled using two drill rigs. From 2020 to 2022, the company drilled a total of 16,561 m across 39 drill holes. With more than 70 km of prospective geological structures, the property has so far been only sparsely explored.

When selecting targets, Standard combines geophysical measurements, three-dimensional subsurface models from Fleet Space, and machine learning from ALS GoldSpot. The data is intended to reveal promising fault zones and rock alterations. The focus is on the Bronco, Thunderbird and Warrior corridors. The drill must still provide the decisive proof.

In June, Standard reported elevated radioactivity with peaks of 1,650 counts per second in the first drill hole. This is certainly noteworthy, but does not yet confirm economically viable uranium grades. That will require laboratory analyses and additional hits to demonstrate the size and continuity of a potential mineralization.

The project generator model offers additional opportunities: Standard develops exploration targets and brings in partners who finance further exploration in exchange for project interests. At Corvo, Aventis Energy can acquire a 75% stake within three years. This will require, among other things, CAD 4.5 million in exploration expenditures as well as cash and stock payments. Standard organizes the work and receives fees. A similar model exists at Rocas with Collective Metals.

The advantage: Multiple projects move forward without Standard having to pay for every metre drilled itself. In return, if the project is successful, a significant portion of the discovery belongs to the partner. This arrangement spreads the financial burden and creates additional opportunities for discovery.

At Corvo, elevated uranium concentrations were identified in all nine completed drill holes. The slightly elevated intervals total 55 m, including 13 m with more than 100 ppm of uranium. This is not a continuous ore zone, but rather an indication of a uranium-bearing system. Surface samples with up to 8.10% uranium oxide are also noteworthy, but do not allow for extrapolation to a deposit. A second drilling phase is planned for 2027.

Financially, Standard remains a typical exploration company. At the end of April, it had approximately CAD 2.86 million in cash. Operating expenses of about CAD 302,000 for the fiscal year were offset by administrative costs alone of approximately CAD 705,000. The partnership model therefore does not yet make the company independent of the capital market.

The closing of the strategic CAD 3 million financing agreed upon in August has not yet been announced: On September 21, Standard announced an extension of the closing deadline to October 18. The remaining terms remained unchanged. The closing would increase the company's financial flexibility.

The opportunity for investors lies in the discovery of uranium deposits, which could significantly increase the company's value. If Standard Uranium strikes a high-grade discovery on one of its properties, it could become a decisive driver of revaluation for the still-undervalued exploration company. This hot stock, which trades at about CAD 0.08 and has a market capitalization of only around CAD 12 million, has the long-term potential to multiply in value. However, this micro-cap stock is currently only suitable for highly speculative investors who can assess the risk.

2G Energy: The AI Boom Needs Its Own Power Plants

Significantly more solid, but equally promising, is 2G Energy. The Heek-based specialist builds combined heat and power plants and decentralized energy systems that can be fueled by natural gas, biogas, hydrogen, or other gases. For a long time, 2G was primarily seen as a beneficiary of biogas, combined heat and power, and decentralized energy supply. Now, the story is taking a new turn: data centres. The electricity demand driven by artificial intelligence is one of the most important new investment trends. New data centers are popping up everywhere, but the power grids can barely keep up. This is exactly where decentralized power supply is suddenly becoming attractive again. When grid connections are scarce or take years to secure, on-site containerized power plants can be a solution.

2G has received a major order from North America specifically for this purpose. The subsidiary is set to equip data centers with containerized power plants. Deliveries are scheduled to begin in the second half of 2026. Just recently, on September 23, 2G announced a new order from Energy Vault Holdings totaling 275 MW of generation capacity for AI data centers in the US. The containerized power plants are designed to work in conjunction with battery storage systems and a centralized control system. Deliveries are scheduled from the fourth quarter of 2027 through the third quarter of 2028, along with long-term service.

This aligns with the outlook that 2G recently outlined at an energy conference hosted by mwb research. There, management projected additional data centre orders totaling approximately USD 350 million for the second half of the year. The first deliveries from earlier data centre orders are expected to begin as early as the fourth quarter of 2026. The Energy Vault order extends the outlook through 2028. Full-service maintenance contracts promise recurring service revenue thereafter.

Biogas and large-scale heat pumps are also expected to provide additional momentum. New assembly capacity is planned for late 2027. The projections extend through 2028. By then, revenue of EUR 740 million is possible, up from an expected EUR 490 million in 2026. If the operating margin rises from just under 10% to 12.5%, an EBIT of EUR 92.5 million would be mathematically possible—nearly double the amount based on the aforementioned baseline. For a German small-cap stock with industrial substance, that is a significant figure.

The major contract lends more substance to this growth scenario. The higher proportion of machine deliveries may put pressure on margins in the short term. In addition, 2G also had to contend with one-time costs associated with the ERP conversion, which primarily slowed down the service business in Germany. But that is precisely where the opportunity lies. Once the service business is running smoothly again and the data centre business ramps up, profitability could pick up significantly again starting in 2027. However, capacity expansion, on-time deliveries, and the question of how much of the boom will translate into the income statement remain crucial.

On the stock market, 2G is no longer a hidden gem. The stock has performed well. But operationally, the story has gained new momentum. In the medium term, three-digit share prices should be achievable. Currently, the analyst consensus puts the average price target at EUR 81, which corresponds to a price potential of 30%. The stock remains a classic German quality small-cap stock that, with a 2027 P/E ratio of 24, is no longer cheap, but should continue to benefit from a booming market environment thanks to its strong positioning in a high-growth niche and high level of technological expertise.

Secunet: Billion-Euro Prospects with the German Armed Forces

At Secunet, the growth story is taking on a new dimension. The federal government plans to secure the Bundeswehr's communication networks with encryption technology from the Essen-based company. A supplementary 4-year framework agreement worth up to EUR 1.7 billion is planned. Of this amount, EUR 1.3 billion represents the base volume, with the remainder allocated to two options.

The scale of the deal is striking: the framework contract represents more than three times the annual revenue expected for 2026. However, the total volume does not yet constitute a confirmed order intake. Initially, products worth just over EUR 100 million are to be ordered, with delivery scheduled to begin in 2027. Even this first step would provide a strong boost to growth.

At the heart of the deal is SINA technology for the secure processing, transmission, and storage of classified information. Secunet is its sole manufacturer. In addition to products, the planned contract also covers planning, software maintenance, training, and repairs. Particularly attractive from a stock market perspective: the installation could be followed by additional service revenue over the coming years.

Operationally, Secunet has already delivered strong results. In the first half of the year, revenue rose 19.2% to EUR 204.7 million, and EBIT increased 20.4% to EUR 8.7 million. New orders surged by 78.7% to EUR 287.4 million, and the order backlog reached EUR 360.8 million. For 2026, the Executive Board is targeting revenue at the upper end of the EUR 460 to 500 million range and EBIT of EUR 53 to 58 million.

This means that the majority of the annual profit still needs to be earned. In addition, dependence on the public sector remains high; in the Business Sector, half-year revenue plummeted by 47.4%. The planned Bundeswehr contract could nevertheless significantly improve the growth outlook. For the stock, what matters now is formal approval, binding call-offs, and their profitable execution.

Standard Uranium offers the most speculative opportunity of the trio: A major uranium discovery could trigger a re-rating. 2G Energy has already demonstrated tangible progress with its large-scale contract and must now translate the data centre boom into rising profits. Secunet is poised to enter a whole new league with its planned framework contract with the German Armed Forces—the actual call-offs will be decisive. For investors, these three exciting individual stocks offer the potential for discovery at Standard, industrial growth at 2G, and additional contract prospects at Secunet.