GS, MS upgrade Neste, see upbeat results on high renewable fuel prices

Neste Oyj

26/01/2026 08:48

** Goldman Sachs and Morgan Stanley raise ratings for Neste NESTE.HE, expecting increasing prices for renewable fuels to boost the Finnish fuel maker's results

** GS raises Neste to "buy" from "neutral", estimating the company's EBITDA in Q4 of 2025 to be 20% above the BBG consensus number of 530 million euros ($628 million)

** European spot renewable diesel (RD) and sustainable aviation fuel (SAF), are up 11-14% quarter-on-quarter while prices of some renewable feedstocks are flat, GS says

** GS raises PT by 17% to 24 euros per share

** Morgan Stanley upgrades Neste to "overweight" from "equal-weight", raising its PT by 38% to 25 euros

** MS says high prices, improvement from demand amid European regulations on renewable fuel to support margins

** Neste shares up more than 5% in morning trade and are among top risers on STOXX 600 .STOXX

($1 = 0.8445 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))