First Berlin Equity Research Cuts PNE Price Target to EUR 8.30 From EUR 10.00

• First Berlin Equity Research cut PNE's 12-month price target to EUR 8.3 from EUR 10 on October 20, 2026.
• The firm retained its Buy rating, citing 49% upside following the stock's sharp decline.
• PNE lowered its 2026 EBITDA guidance to EUR 60 million–EUR 75 million from EUR 90 million–EUR 120 million.
• Projects shifted into 2027 amid slower sales processes and permitting delays; fewer wind farms will be sold from the company's portfolio.
• The revised sum-of-the-parts valuation reflects lower forecasts and higher interest rates; deteriorating market conditions prevented an increase in 2027 project-segment forecasts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PNE AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27122) on October 20, 2026, and is solely responsible for the information contained therein.