OTP raises PannErgy stock target from HUF 3,057 to HUF 3,107

Published on 10/13/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PannErgy confirmed its HUF 4.30-4.45 billion 2026 earnings target. PannErgy stock costs EUR 7.87 on October 13, 2026.

OTP raised its 12-month PannErgy target from HUF 3,057 to HUF 3,107 in an October 7, 2026 analysis.
PannErgy confirmed a HUF 4.30-4.45 billion 2026 EBITDA target after new regulated heat tariffs took effect.
First-half 2026 sales reached HUF 4,375 million and net income HUF 619 million, versus HUF 4,129 million and HUF 353 million a year earlier.
The first dividend installment of HUF 63.40 per share is scheduled for October 15, 2026.

PannErgy, HU0000089867, Illustration mit AI erstellt.

PannErgy stock (ISIN HU0000089867) was at EUR 7.87 at Lang & Schwarz on October 13, 2026 at 10:34 a.m. CEST. According to Portfolio on October 8, 2026, OTP's October 7 analysis raised its 12-month target from HUF 3,057 to HUF 3,107 and retained a Buy rating.

Why the target moved

The target increase followed new regulated heat tariffs that took effect on October 1, 2026. Portfolio reported that PannErgy reaffirmed its consolidated 2026 EBITDA target range of HUF 4.30 billion to HUF 4.45 billion after the tariff changes.

OTP's analysis said the tariff changes included different movements across PannErgy's operating locations, while the annual earnings effect remained limited because regulated pricing also considers costs. That combination explains why the bank lifted its target while keeping its broader earnings estimates close to previous levels.

Three dated steps in the story

On September 18, 2026, PannErgy reported first-half sales of HUF 4,375 million, up from HUF 4,129 million, and net income of HUF 619 million, up from HUF 353 million. MarketScreener published the half-year figures for the period ended June 30, 2026.

On October 1, 2026, the company reaffirmed the HUF 4.30-4.45 billion EBITDA range. On October 7, 2026, OTP raised its target to HUF 3,107, giving the stock a fresh valuation reference ahead of the dividend payment.

Which dividend dates matter?

OTP Bank said the first installment of the dividend for fiscal year 2025 is scheduled for October 15, 2026, at HUF 63.40 per share. The second installment is scheduled for March 8, 2027, at HUF 74.60 per share.

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