FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Rooftop Solar Demand Surges Across Europe as Energy Costs Rise

-- Iran war has sparked a revival in demand for rooftop solar across Europe, according to a Reuters report, citing several industry leaders and executives.

As the conflict led to a sharp increase in global oil, gas and electricity prices, households and companies alike are grappling for cheaper alternatives, and rooftop solar installations have emerged a key choice.

"The war has merely exposed the problem that has existed all along: energy dependency," said Janik Nolden, the co-founder of Solarhandel24, a German solar equipment wholesaler, who believes that European governments had been "walking into a trap" all this while.

Solarhandel24 saw its sales triple from a year ago in March to nearly 70 million euros ($81.85 million), and expects this pace of sales to continue. It has since expanded its workforce by a third, or 85 people, to meet the soaring demand.

Another German renewable energy equipment company, Enpal, is seeing a similar trend, with orders surging 30% in March, to 130 million euros, and on track for a 33% growth in April, at 120 million euros, primarily driven by rooftop solar installations.

According to Enpal's CEO Mario Kohle, "this is about European resilience," while he adds that this trend is being seen even in the defense sector. "Just as Europe must be able to defend itself, we must be able to supply our own energy," he said.

This growing demand for rooftop solar is also sparking growth for energy storage technologies, with Holland Solar's Wijnand van Hooff seeing sales growth in the range of 40% to 50%.

Filip Thon, the CEO of E.ON, Europe's largest energy network operator, said that "this cannot be explained by purely seasonal factors," while noting that customer requests for the company's rooftop solar installations have compared to the same period last year.

Executives have also highlighted the role of Germany's renewable energy law in helping spur demand, noting that the pace of new solar installations had slowed in 2025.

The above-mentioned companies did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Research

Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.

$HIG
Research

Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.

$BKR
Research

Research Alert: CFRA Maintains Hold Opinion In Shares Of Wab

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $285 from $275 following WAB's Q1 earnings print, valuing shares at 24.2x our 2027 EPS outlook of $11.76 (revised from $11.46; 2026 EPS estimate up to $10.57 from $10.50), a slight premium to WAB's long-term historical multiple average given structural improvements in earnings quality. While we are cautious on signs of overcapacity in the freight market, an elevated order backlog (12-month sits at over $9 billion), internal initiatives to shore up margins, and potential synergies from M&A activity positions WAB to continue growing earnings at double-digit rates in 2026-2027, in our view. Despite tariff-related cost pressures, WAB has done a commendable job of defending margins via a mix of pricing, lean manufacturing, and pruning of lower-profit operations. Q1 results were mixed but overall positive, in our view. We maintain our Hold recommendation on shares.

$WAB