Baader rates EVN stock Add with a EUR 33.20 target

Published on 10/21/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EVN plans EUR 1.00 billion yearly investment through 2030. EVN stock costs EUR 29.23 on October 21, 2026, with a EUR 5.2 billion market value.

Growth plan and analyst view

EVN plans 300 MW of battery storage capacity by 2030, according to the October 1, 2026 company release.
Baader Bank confirmed its Add rating and EUR 33.20 price target on October 2, 2026.
EVN stock traded at EUR 29.23 at 10:29 a.m. CEST at Lang & Schwarz on October 21, 2026.

EVN, AT0000741053, Illustration mit AI erstellt.

EVN (ISIN AT0000741053) was trading at EUR 29.23 at Lang & Schwarz on October 21, 2026, at 10:29 a.m. CEST. The latest analyst signal came from Baader Bank, which confirmed an Add rating and a EUR 33.20 price target on October 2, 2026, according to Boerse Social.

Baader backs the investment case

Baader's view followed EVN's Capital Markets Day, where the company outlined its investment and earnings ambitions through 2030. The analyst report cited a EUR 1.20 billion EBITDA target, EUR 500.00 million in net income and EUR 1.00 billion in annual investments.

The same report highlighted a dividend payout ratio of 40.00 percent, below the 60.00 percent median cited for peers. That comparison frames the central tradeoff: EVN is emphasizing infrastructure expansion while keeping shareholder distributions restrained.

What does the plan add?

In its release dated October 1, 2026, EQS News reported that EVN plans EUR 1.00 billion of annual investment through 2030 and 300 MW of battery storage capacity. The program covers networks, renewable generation, storage and charging infrastructure.

The scale matters because the storage target is paired with regulated network expansion rather than standing alone as a renewable-energy bet. EVN also expects to publish annual results for fiscal year 2025/26 on December 17, 2026, according to the company's financial calendar.

Dates for the next review

The next scheduled company event is the annual results release on December 17, 2026. Those figures will give investors a fresh test of whether the investment cycle is translating into earnings and cash returns.

Stock trades above EUR 29

EVN's market capitalization was EUR 5.2 billion on October 21, 2026, while the latest finance quote showed a 52-week range of EUR 24.55 to EUR 30.45. The stock therefore remains below its yearly high as the market weighs the capital plan against the payout policy.

EVN stock was trading at EUR 29.23 at Lang & Schwarz on October 21, 2026, at 10:29 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of EVN stock.