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Publication date: July 8, 2025
E.ON SE is a leading European energy company focused on renewable energy solutions and supplying electricity and gas to millions of customers worldwide. The company has an important role in the transition to renewable energy and has repositioned itself to take advantage of growth in the green energy sector. In this article you can read all about E.ON shares: share price, performance, business strategy and expectations for 2025. If you like to receive weekly updates on European stocks, subscribe to our newsletter here and stay informed.
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- Year of establishment: 2000
- Year added to the DAX 40: 2000
-Highest price ever: €44.71 January 2008
- Average trading volume: 5.12 million shares per day
- Price performance over the last 12 months: +29.86%
Introduction about the company
E.ON SE is one of Europe's largest energy companies. It is headquartered in Essen, Germany. The company is active in energy infrastructure, grid management and customer-oriented energy services. E.ON focuses primarily on the distribution of electricity and gas and also offers solutions for energy conservation, sustainability and decentralized generation. With millions of customers in Germany, the United Kingdom, the Netherlands, Sweden and other European countries, E.ON plays a key role in the energy transition. The company is investing heavily in networks, green energy and digital technology to help shape the energy market of the future.
Key figures & performance
In 2024, E.ON achieved sales of €80.11 billion and a net profit of €7.33 billion. These figures reflect a solid position in the European utilities sector and the successful execution of the strategy focused on sustainability and digitalization. E.ON serves more than 50 million customers in Europe and operates extensive electricity and gas networks. Its market capitalization amounted to €41.10 billion in July 2025, while its share price increased by approximately +30% over the past 12 months.
History & development
E.ON was formed in 2000 through the merger of VEBA and VIAG, two major German energy companies. Since then, the company grew into a leading player in the European energy sector. In the same year, E.ON was included in the DAX index. Over the years, the strategy shifted from traditional energy production to infrastructure and customer-oriented energy solutions. In 2020, E.ON completed the acquisition of Innogy, which led to a strengthening of its network business. In recent years, the company has increasingly focused on climate-neutral infrastructure, with investments in smart grids, charging solutions, and energy storage. This positions E.ON as a driving force behind the energy transition in Europe.
Sector & competition
E.ON operates in the European utilities sector, competing with companies such as Enel, Iberdrola, RWE and Engie. While some competitors are still heavily engaged in power generation, E.ON emphasizes infrastructure and customer solutions. The focus is on stable cash flows from regulated networks and growing demand for renewable energy solutions. Thanks to its scale, geographical spread and digital innovations, E.ON manages to maintain a strong position in a sector that is fundamentally changing due to decentralization and digitalization.
E.ON's influence on the DAX 40
E.ON has a weighting of approximately 2,12% in the DAX 40 index (measured in June 2025). View the composition of the DAX 40 and the weighting of all companies in the DAX 40here. As one of the largest utilities, E.ON influences the index mainly through energy price developments, European regulation and infrastructure investments. The stock often reacts strongly to policy changes in Brussels and Berlin, such as subsidies for sustainability, carbon prices and regulations around grid management. Inflation, interest rate developments and energy demand also play a role.
Investment analysis & outlook
The chart below shows E.ON SE (EOAN) share price performance relative to the DAX40 index over the past five years. While E.ON experienced a volatile price trend with pronounced peaks and troughs during that period, a convincing recovery set in from the end of 2022. Especially since the beginning of 2025, the stock has risen sharply in value. Whereas at the beginning of this year, E.ON was still moving around the same level as five years ago, it has since realized an impressive return of around +50% in just six months. Compared to the DAX40, which is shown as a purple line in the chart and shows nearly 90% gains over the same period, E.ON is still lagging behind.
Looking ahead to 2025, E.ON continues to focus on strategic investments in smart grids, battery storage and digital customer solutions. The focus is on growth in regulated infrastructure services, which generate stable revenue streams. Although factors such as interest rate developments and political uncertainties may put pressure on the near-term, many analysts believe E.ON remains an attractive defensive stock. The combination of solid cash flows and a consistent dividend policy makes the company of interest to investors who value stability in a volatile market.
News & updates
In May 2025, E.ON announced it will invest €6 billion in modernizing its electricity grids until 2028, focusing on digitalization and renewable energy capacity. In addition, the company introduced a large-scale hydrogen energy storage project in North Rhine-Westphalia, in cooperation with regional authorities and technology partners.
The board also proposed a dividend of €0.55 per share, confirming E.ON's reputation as a reliable dividend payer. The company also emphasized its commitment to net-zero targets by 2040 and announced the publication of new ESG targets that are more concrete and testable. With these steps, E.ON remains firmly positioned as a sustainable cornerstone of the European energy market.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.
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