SGL Carbon Jumps as Investors See Benefit From Tesla Batteries

SGL Carbon SE shares climbed the most in almost three months as investors anticipate the maker of carbon components could benefit from Tesla Motors Inc.’s push into batteries that store electricity for buildings.

SGL supplies graphite anodes to Japanese electronics companies Hitachi Ltd. and Panasonic Corp., which in turn sell components to electric carmaker Tesla, according to Marc Gabriel, a Bielefeld, Germany-based analyst at Bankhaus Lampe.