PNE slumps on guidance cut

PNE AG

14/10/2026 07:29

** Wind and solar park developer PNE PNEGn.DE shares slump 13.8% in early Frankfurt trade after the company cut its 2026 guidance, citing the postponement of certain projects
** PNE now expects a consolidated EBITDA between €60-75 million ($67-84 million), from a previously expected range of €90-120 million
** "The company sees the cut as primarily a matter of timing, which we only partly reflect in our FY27e. In any case, capital remains tied up for longer ahead of the 2027 bond maturity," Muenchmeyer Petersen analysts say
** The company's stock lost 29.7% YTD, up until Tuesday's close
     
     
($1 = 0.8925 euros)

(Reporting by Tristan Veyet)
((Tristan.veyet@thomsonreuters.com))