PNE AG Maintains Positive Outlook Despite Weaker Q2 Results

PNE AG's recent report conveyed mixed news as the company shared its Q2 results. While EBITDA figures fell short of expectations, registering at €1.1 million against the projected €5.2 million, the company remains optimistic. PNE's focus is on achieving its 2025 guidance of €70 million to €110 million, leveraging milestone payments and project sales anticipated in the latter half of the year.

The company demonstrated robust construction activity, with 14 wind farms totaling 282 MW under construction by H1's end. Additionally, PNE secured new permits for 489 MW of onshore wind and PV plants, and increased its power plant portfolio by 65 MW, totaling 491 MW. Despite unchanged group forecasts, First Berlin Equity Research maintains a price target of €19 per share, with a potential upside of 35%.