OTP lifts target for PannErgy stock to HUF 3,107.00

Published on 10/13/2026 at 14:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 5.95 percent in the first half of 2026. PannErgy stock costs HUF 2,850.00 on October 13, 2026, down 1.72 percent in Budapest.

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PannErgy, HU0000089867, Illustration mit AI erstellt.

PannErgy (ISIN HU0000089867) stock stood at HUF 2,850.00 on October 13, 2026, down 1.72 percent on the Budapest Stock Exchange. The key investor reference is OTP's October 7, 2026 research update, which raised its 12-month target from HUF 3,057.00 to HUF 3,107.00 and kept a Buy recommendation.

OTP target moves above HUF 3,000

According to Portfolio on October 8, 2026, the OTP analysis dated October 7 lifted the target by HUF 50.00, or 1.64 percent, from HUF 3,057.00 to HUF 3,107.00. Against the HUF 2,850.00 share price, the new target lies 9.02 percent above the price.

The target update also addressed the new regulated heat tariffs. OTP said their effect on PannErgy's annual result should remain limited, while management continued to view its 2026 operating cash earnings objective as achievable.

First-half profit rises 75.35 percent

In the half year ended June 30, 2026, PannErgy reported sales of HUF 4.38 billion, up 5.95 percent from HUF 4.13 billion a year earlier. Net income rose to HUF 619.00 million from HUF 353.00 million, an increase of 75.35 percent, according to Marketscreener on September 18, 2026.

The same report identified PannErgy's geothermal energy business as its core activity, with projects including Miskolc, Gyor, Szentlorinc and Berekfurdo. For investors, the combination of higher first-half profit and the maintained annual target gives the OTP valuation update a clear operating reference.

Price remains below the target

The Budapest quote reached an intraday high of HUF 2,900.00 and a low of HUF 2,850.00 on October 13, 2026, with a reported trading volume of 230 shares. The session price was therefore 8.27 percent below the HUF 3,107.00 OTP target and 1.72 percent below the previous Budapest close implied by the quoted daily move.

PannErgy also has a scheduled cash distribution in the near-term calendar. OTP said the first installment of HUF 63.40 per share for fiscal year 2025 was due on October 15, 2026, while a second installment of HUF 74.60 per share was planned for March 8, 2027.

Valuation and company profile

PannErgy operates geothermal heat production, exploration and renewable-energy sales in Hungary. The company trades on the Budapest Stock Exchange under the PANNERGY.BD symbol and is classified as a utilities business.

Market capitalization stood at HUF 44.96 billion on October 9, 2026. The company is pursuing a 2026 operating cash earnings target between HUF 4.30 billion and HUF 4.45 billion, while first-half operating cash earnings reached HUF 1.66 billion, according to OTP Bank on September 24, 2026.

Price and investor reference

PannErgy stock stood at HUF 2,850.00 on the Budapest Stock Exchange on October 13, 2026, down 1.72 percent on the day. The HUF 3,107.00 OTP target remains the clearest quantified comparison for the current share price.