Baader keeps EUR 33.20 target for EVN stock after capital markets day

Published on 10/19/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EVN targets EUR 1.20 billion EBITDA by 2030. For EVN stock, Baader keeps its EUR 33.20 target after the capital markets day.

Capital allocation and valuation

Baader Bank reaffirmed a EUR 33.20 target for EVN on October 2, 2026.
EVN plans EUR 1.00 billion in annual investments through fiscal year 2029/30.
EVN stock was last at EUR 29.45 in Vienna on October 19, 2026.

EVN, AT0000741053, Illustration mit AI erstellt.

EVN stock (ISIN AT0000741053) is supported by a EUR 33.20 price target from Baader Bank and a long-term investment plan worth EUR 1.00 billion per year. The target was reaffirmed on October 2, 2026, after the company's capital markets day, according to Boerse Social.

Investment plan sets the tone

EVN aims to lift EBITDA to EUR 1.20 billion by 2030 while investing EUR 1.00 billion annually in networks, renewable energy and large battery storage. The plan includes battery capacity of 300 megawatts, giving the strategy a measurable infrastructure component rather than relying only on power generation.

Handelsblatt reported that EVN expects a fiscal year 2025/26 net result of EUR 470.00 million to EUR 490.00 million. In the first nine months of fiscal year 2025/26, EBITDA rose 4.90 percent to EUR 748.50 million as the network business offset weaker wind and hydropower generation.

What does the target mean for valuation?

Baader's EUR 33.20 target compares with the Vienna-listed share's last price of EUR 29.45 on October 19, 2026. The gap reflects the market's need to weigh regulated network growth and storage investment against EVN's unchanged dividend policy. Baader also expects EUR 500.00 million of net income and EUR 1.00 billion in annual investments by 2030, according to the October 2, 2026 report.

Next reporting date

The next scheduled reporting date is December 17, 2026, when EVN is expected to publish annual results, according to Simply Wall St.

Stock valuation stays tied to execution

EVN's market capitalization was EUR 5.3 billion on October 19, 2026, while its 52-week range was EUR 24.55 to EUR 30.45. The investment case therefore rests on turning the 2030 EBITDA ambition into recurring network and storage earnings. EVN stock was last at EUR 29.45 on the Vienna Stock Exchange on October 19, 2026 at 9:41 a.m. CEST.

EVN stock key data

Company: EVN AG
ISIN: AT0000741053
Ticker: EVN
Primary exchange: Vienna Stock Exchange
Price Vienna Stock Exchange (as of October 19, 2026, 9:41 a.m. CEST): EUR 29.45
Market capitalization: EUR 5.3 billion (as of October 19, 2026)
52-week range: EUR 24.55-EUR 30.45 (as of October 19, 2026)
Sector / Industry: Utilities / Diversified Utilities
Next earnings date: December 17, 2026