PNE

PNE has cut its EBITDA forecast for fiscal year 2026 to €60–75 million (previously €90–120 million). The reason is the postponement of projects into 2027. First Berlin Equity Research confirms its buy recommendation but reduces the price target to €8.30 (previously €10.00). » Więcej na finanzen.net

PNE now expects EBITDA for 2026 of €60–75m (adjusted €65–80m); previous forecasts were €90–120m (adjusted €110–140m). The causes are a difficult market environment, shifts in sale dates for wind farm projects and the decision to keep some parks in the portfolio. As a result, revenues will partly shift into next year, so the operationally well-progressing 2026 will not be fully reflected in the numbers, CEO Heiko Wuttke said. Despite the short-term adjustment, management emphasizes that the pipeline is high-quality and the long-term growth drivers for renewables remain intact. » Więcej na deraktionaer.de

PNE has revised down its annual earnings targets because individual projects have been delayed, meaning parts of the expected revenues will only be realized in 2027. The stock fell about 18 percent to its lowest level in six years. The company plans to keep some wind farms that had been intended for sale, limiting the option of raising liquidity through disposals. Analysts point to lower cash reserves and a bond maturing in 2027 and say they will review their estimates. » Więcej na finanzen.net