Schneider Electric stock gains 2.84 percent on Shelly bid

Published on 09/29/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Schneider Electric stock reported EUR 21.2 billion in H1 2026 revenue and EUR 2.5 billion in net income. Bernstein kept a EUR 350.00 target on September 14, 2026.

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Schneider Electric stock (ISIN FR0000121972) was trading at EUR 298.85 at Lang & Schwarz on September 29, 2026 at 12:32 p.m. CEST, up 2.84 percent versus the Xetra close of EUR 290.60 on September 28, 2026. The market is weighing the group’s planned EUR 1.2 billion takeover of Shelly Group, a move that expands Schneider Electric’s connected-home strategy.

Shelly deal adds connected-home exposure

According to Reuters on September 24, 2026, Schneider Electric intends to offer EUR 70.00 in cash for each Shelly Group share. The all-cash transaction values Shelly Group at EUR 1.2 billion and is expected to close by Q1 2027.

Shelly Group said on September 24, 2026, that the offer requires regulatory approvals and a minimum acceptance threshold of 95 percent. The company’s two founders, who together hold 57 percent of its share capital, support the proposed transaction.

Half-year figures support the strategy

Ideal Investor reported H1 2026 revenue of EUR 21.2 billion, up 9.8 percent, and net income of EUR 2.5 billion. Free cash flow reached EUR 1.6 billion in the same period, giving Schneider Electric financial capacity for strategic expansion.

The comparison matters because the Shelly transaction is small relative to Schneider Electric’s EUR 168.9 billion market capitalization as of September 29, 2026. Its strategic value lies instead in adding smart plugs, meters, locks, cameras and cloud services to Schneider Electric’s energy-management ecosystem.

Analyst target remains above the stock

According to MarketScreener on September 14, 2026, Bernstein maintained a Buy rating and a EUR 350.00 price target. That target stands 17.13 percent above the Lang & Schwarz price, keeping the analyst view focused on Schneider Electric’s longer-term electrification and digitalization opportunity.

Stock trades above prior close

Schneider Electric was trading at EUR 298.85 at Lang & Schwarz on September 29, 2026 at 12:32 p.m. CEST, up 2.84 percent versus the Xetra close of EUR 290.60 on September 28, 2026. The quotation gives the takeover announcement and the latest half-year figures a concrete market reference.