Support at €37.95 breached: Fastned stock retreats despite confirmed guidance
The Dutch fast-charging specialist declines sharply during the session, following a quarterly publication that the market does not appear to reward. The movement takes on a technical turn, with a threshold monitored for several weeks being tested.
A support breached during the session before a return above
Fastned stock falls 9.16% to €38.20, after -13.28% over the week. The stock breached its support level of €37.95 to the downside, down to a low of €37.05, before moving back above (last price at €38.70). This dip below the threshold, followed by an immediate recovery, comes with the stock now trading 14% below the 20-day moving average, which stands at €44.44. Meanwhile, the CAC 40 gains 0.29% and the SBF 120 0.24%, so Fastned's decline goes against the broader indices.
Sales up 47% on a comparable basis
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Fastned published on Thursday revenue of €51.3 million in the third quarter. On a comparable basis, it reached €46.3 million, up 47% year-over-year, and the group confirmed its full 2026 guidance. Volumes sold at existing stations increased 27%, while 17 stations were opened during the period and 65 projects were underway at the start of the quarter.
The publication includes a one-time calendar effect of €5.1 million, with no impact on gross margin. The stock meanwhile maintains a 27% lead over its 200-day moving average, at €29.98, and the €37.95 level remains the reference to monitor in the coming sessions.
Fastned herhaalt zijn guidance voor het volledige jaar 2026 en blijft zich richten op groei en uitbreiding van het netwerk.
Risks mentioned
Visibilité limitée sur la concurrence dans l'infrastructure de recharge rapide en Europe
Dépendance à la croissance continue du marché des véhicules électriques
Risques géopolitiques et réglementaires dans les différents marchés européens opérationnels
Opportunities identified
Doublement du rythme de construction avec 65 stations en cours versus année précédente, positionnant pour atteindre 476-506 stations opérationnelles
Expansion géographique en Allemagne via les enchères Deutschlandnetz offrant accès aux sites attrayants et financement public
Partenariat avec ANWB en Hollande et lancements de kiosques en France élargissant la portée commerciale auprès des clients
Outlook / guidance
Management commentary: Fastned herhaalt zijn guidance voor het volledige jaar 2026: 70 tot 100 nieuwe stations operationeel aan het einde van het jaar (476 tot 506 operationele stations) Gemiddelde omzet per station van €350.000 tot €400.000 Operationele EBITDA-marge van ongeveer 45%
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
