PNE AG Maintains Strong Outlook Despite Q1 Hurdles

First Berlin Equity Research recently published a report on PNE AG, reiterating a BUY rating with a target price of EUR 19. The analysis, conducted by Dr. Karsten von Blumenthal, indicates a 29% upside potential.

PNE AG's first-quarter figures fell short compared to last year and were below forecasts, primarily due to weak wind conditions affecting the Power Production segment. Despite this setback, noteworthy construction activity with ten new wind farms, totaling 252 MW, is promising for future performance.

In the first quarter, PNE AG expanded its portfolio by 17 MW, reaching a total of 446 MW after commissioning two wind farms. The company confirmed its 2025 guidance of €70 million to €110 million.

The consistent target and recommendation reflect confidence in PNE AG's strategic growth plans, despite current obstacles.