Uniper stock lifts 2026 outlook after strong half year

Uniper stock was trading at EUR 45.05 on Xetra on September 28, 2026, down 0.44 percent from the EUR 45.25 prior close. The company also signed a binding eSAF offtake agreement with Arcadia eFuels, adding a concrete growth project to its energy-transition portfolio.

eSAF deal adds a new revenue path

According to Renewable Watch on September 28, 2026, Uniper and Arcadia agreed on annual offtake of 40,000 tonnes of electricity-based sustainable aviation fuel from Project Endor in Denmark. Supply is expected to begin in the early 2030s, subject to agreed conditions and commercial operations.

The agreement connects Uniper to renewable electricity, green hydrogen and captured carbon dioxide. Renewable Watch reported lifecycle greenhouse-gas emissions of up to 98 percent below conventional jet fuel for the product, while the fuel is designed to comply with the EU ReFuelEU Aviation framework.

First half shows sharper earnings

Uniper's first-half 2026 adjusted EBITDA reached EUR 711 million, compared with EUR 379 million in the prior-year period. Adjusted net income was EUR 388 million, versus EUR 135 million a year earlier, according to Yahoo Finance in the Q2 FY2026 earnings-call transcript.

The company raised the lower end of its adjusted EBITDA outlook from EUR 1.0 billion to EUR 1.1 billion while keeping the upper end at EUR 1.3 billion. The adjusted net income forecast also moved from EUR 350 million-600 million to EUR 500 million-600 million, giving the stock a stronger earnings framework even as the intraday quote remained below its September 28 opening level of EUR 45.20.

Stock remains below yearly high

Uniper's September 28 price stood 19.84 percent below its 52-week high of EUR 56.20 and 65.02 percent above its 52-week low of EUR 27.30. The session volume was 1,115 shares, while market capitalization stood at EUR 18.8 billion.

For investors, the contrast is clear: operational earnings have improved materially, while the market price remains closer to the middle of its yearly range than to the high. The next test is whether the improved 2026 guidance and new low-carbon fuel activity can translate into a broader valuation reassessment.

Uniper stock trades at EUR 45.05

Uniper stock was last at EUR 45.05 on Xetra on September 28, 2026 at 12:02 p.m. CEST, with a daily change of minus 0.44 percent and a market capitalization of EUR 18.8 billion.