Turnaround, Billion-Dollar Deals, AI and Drone Potential: What Is Driving Siemens Energy, TKMS, and First Hydrogen?

Siemens Energy: Record Figures

We begin our overview with one of the major energy infrastructure stocks on the DAX. Siemens Energy posted strong performance in 2025 and 2026, until a consolidation phase set in more recently. The latest figures for the third fiscal quarter were outstanding. Order intake climbed to a record high of EUR 17.9 billion. Adjusted operating profit tripled to EUR 1.6 billion. Particularly encouraging is the performance of the wind power subsidiary Gamesa. For a long time, it was considered the group's biggest problem child. This hung over Siemens Energy like the sword of Damocles. Now, for the first time in several years, this division, including the wind power subsidiary, is back in the black. The turnaround is clearly taking effect. At the same time, strong demand for grid technology and gas turbines is keeping order books full. Above all, the energy hunger of new AI data centers is boosting business, but things are also going well internationally, as the Indian subsidiary recently reported a jump in profits and there is also discussion of a possible spin-off of the Transformation of Industry division. The stock market has recently reacted positively to these developments, as is evident in the chart. The stock could now regain momentum toward the EUR 195 mark. After surpassing its all-time high and then trading a few cents above it, the path would be clear not only to EUR 200 but even beyond, into the EUR 220–225 range.

TKMS: Strategic Realignment

From energy infrastructure, we now turn to a sector that is being heavily shaped by geopolitical developments. Maritime security is becoming an increasingly important priority, and this is precisely where a German company plays a significant role. We are talking about TKMS, the naval shipbuilding division based in Kiel. A major strategic development emerged recently: the planned acquisition of rival German Naval Yards Kiel fell through on July 22 after the parties failed to agree on a price with its French owner. Rather than dwell on the setback, however, management immediately turned its attention to new opportunities. Just two days later, the partnership with the Spanish state-owned shipyard Navantia was strengthened. The goal is to establish close collaboration on future submarine projects. The decision to forgo the local acquisition therefore does not necessarily represent a setback. Instead, TKMS is now focusing on profitable international partnerships, while its balance sheet remains strong and its order backlog is substantial. The backlog includes highly lucrative projects such as the planned construction of MEKO A-200 DEU frigates, worth approximately EUR 12 billion. Canada also plans to order up to 12 submarines from TKMS for an estimated total of more than EUR 10 billion. The company's core business is therefore performing strongly, and the upcoming quarterly results on August 12 could provide further evidence of this momentum.

First Hydrogen: The Undiscovered Technology Powerhouse

We now leave the realm of TKMS and Siemens and move into the world of First Hydrogen, where clean energy, autonomous mobility, and robotics converge to create exciting new concepts. The Canadian company has been, and remains, strongly focused on green hydrogen solutions and zero-emission commercial vehicles. Its business model encompasses the entire value chain, from hydrogen production to the "Hydrogen-as-a-Service" business segment. The company's vehicles have already achieved impressive ranges of over 630 km in real-world tests. But First Hydrogen is now thinking much further ahead. Recent announcements signal a broadening of its horizons.

On June 5, the company announced a new amphibious ground vehicle. This unmanned platform is extremely robust and effortlessly navigates steep terrain.

Shortly thereafter, on June 9, First Hydrogen finalized a transaction in the field of robotics. This involves high-performance gearboxes and motors that precisely control robot-assisted movements. Such technologies form the backbone of autonomous systems.

Perhaps the biggest bombshell came on July 14. **First Hydrogen announced that it would integrate artificial intelligence into its autonomous vehicles. The company is also targeting defence applications and drone defence.

This could be a smart move, as the market for drones and autonomous defence systems is growing rapidly. First Hydrogen is attempting to combine clean energy with state-of-the-art robotics.**

Anyone who remembers June of last year knows just how quickly that can happen. At the time, the share price surged from below CAD 0.50 to more than CAD 1.30 in a relatively short period. Such explosive moves are not uncommon in this segment. Just think of the hydrogen plays Nel ASA and Plug Power.

Looking at the current chart, one interesting detail stands out. There is still an open price gap at around CAD 0.90. This level could act as a magnetic price target in the near future. The transformation from a pure-play hydrogen company to a technology and robotics firm has not yet sunk in with all investors. Once the market puts these new pieces of the puzzle together, the rebound could be very dynamic. First Hydrogen is certainly not a boring blue-chip stock. It is an agile company with a bold vision.

Siemens Energy has proven that even entrenched conglomerates can make a successful turnaround. Its bulging order books speak for themselves.

TKMS, in turn, is benefiting from the global trend toward military buildup and is skillfully navigating the international market.

First Hydrogen is currently delivering exciting technological approaches outside the mainstream. The combination of hydrogen expertise and AI-powered robotics is undoubtedly appealing. Following its latest strategic moves, the stock holds some potential for positive surprises.