First Berlin lifts PNE to buy, cuts price target to EUR 10
Reuters2026/08/19 11:21- First Berlin upgraded PNE to Buy on Aug. 19, cutting its target price to EUR 10 from EUR 12.
- Call followed a sharp selloff triggered by indications potential buyers’ price expectations sat below the EUR 9.89 Aug. 10 share price.
- First Berlin flagged weaker German onshore wind auction premiums, a tougher regulatory outlook, rising financing costs as margin headwinds.
- H1 AEBITDA rose to EUR 27.4 million from EUR 4.7 million; the firm noted guidance for 2026 was reaffirmed.
- Sum-of-the-parts valuation reset drove the lower target; First Berlin cited 38% upside from the post-drop level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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