Wacker Chemie stock fell 1.03 percent as analysts split

Published on 09/29/2026 at 08:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wacker Chemie stock was last at EUR 86.55 on Xetra on September 28, 2026, after a 1.03 percent decline. DZ Bank lifted its fair value to EUR 89.00.

Chemieanlage mit beleuchteten Destillationstürmen am Wasser in der Abenddämmerung — Wacker Chemie AG (DE000WCH8881) betreibt große Chemieanlagen mit Türmen und Rohrleitungen am Flussufer, Illustration mit AI erstellt.

Wacker Chemie (ISIN DE000WCH8881) was last at EUR 86.55 on Xetra on September 28, 2026, down 1.03 percent from the prior close of EUR 87.45. The latest analyst updates point in different directions, leaving the valuation debate tied to earnings execution and polysilicon policy.

Analysts set sharply different values

On September 23, 2026, Finanznachrichten reported that DZ Bank raised its fair value from EUR 85.00 to EUR 89.00 and kept a Hold rating. The new fair value stands 2.83 percent above the September 28 Xetra price.

On September 24, 2026, finanzen.ch reported that JPMorgan kept Wacker Chemie at Underweight with a EUR 62.00 price target. That target is 28.34 percent below the September 28 price, creating a EUR 27.00 gap between the two published valuation points.

Second quarter improved profitability

Wacker's second-quarter 2026 sales increased 7 percent year over year to EUR 1.52 billion from EUR 1.41 billion, while EBITDA before special pension effects rose 53 percent to EUR 175 million from EUR 114 million, according to Yahoo Finance in its Q2 2026 transcript.

The same transcript records net income of EUR 350 million and earnings per share of EUR 6.86 for the quarter. Management also raised full-year 2026 EBITDA guidance to EUR 625 million-EUR 750 million, giving investors a clearer earnings reference than the share price alone.

Policy risk still shapes polysilicon

Reuters reported on September 17, 2026, that Wacker expects third-quarter group EBITDA to be at the same level as the second quarter and targets an EBITDA margin of 15 percent, plus or minus 2 percentage points, over the longer term. The company also targets more than EUR 300 million in annual gross savings from its PACE program by 2028.

That operating progress faces a specific counterweight: Reuters said Wacker described the US polysilicon support framework as disappointing and could optimize its manufacturing footprint if policy does not support domestic demand. For investors, the key tension is visible in the numbers: higher chemical earnings and cost savings against unresolved solar-policy exposure.

Stock sits below its yearly high

Wacker Chemie stock was last at EUR 86.55 on Xetra on September 28, 2026, with a 52-week range of EUR 62.25 to EUR 105.60 and market capitalization of EUR 4.3 billion. The price is 18.05 percent below the 52-week high, while the analyst range spans from EUR 62.00 to EUR 89.00.