PannErgy stock: OTP keeps HUF 3,107 target for PannErgy stock

Published on 10/19/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PannErgy's first-half profit reached HUF 619 million. PannErgy stock costs EUR 7.63 on October 19, 2026, 0.70 percent below October 16 Budapest close.

Target and interim profit

OTP Bank kept its HUF 3,107 target for PannErgy on October 16, 2026.
PannErgy earned HUF 619 million in the first half of 2026, up 75.00 percent year over year.
PannErgy stock costs EUR 7.63 at Lang & Schwarz on October 19, 2026 at 5:03 p.m. CEST, 0.70 percent below the Budapest close of October 16, 2026.
The 2026 forecast in the OTP note implies a P/E ratio of 23.80.

PannErgy, HU0000089867, Illustration mit AI erstellt.

OTP Bank kept its 12-month target for PannErgy at HUF 3,107 in an equity note dated October 16, 2026. Against the Budapest share price of HUF 2,820 cited in the note, that target stood 10.18 percent above the share price. PannErgy stock was trading at EUR 7.63 at Lang & Schwarz on October 19, 2026 at 5:03 p.m. CEST, down 0.70 percent versus the Budapest close of October 16, 2026.

OTP target stays at HUF 3,107

The OTP note retained its Buy recommendation and the HUF 3,107 target after the analyst assessed PannErgy's tariff outlook and first-half performance. According to OTP Bank, its 2026 EBITDA forecast was HUF 4,373 million, inside the company's HUF 4,300 million to HUF 4,450 million target range.

First-half profit reached HUF 619 million

PannErgy reported HUF 4,375 million of revenue and HUF 619 million of consolidated net profit in the first half of 2026. Net profit rose 75.00 percent from HUF 353 million in the first half of 2025, while EBITDA was HUF 1,661 million, according to Diplomacy and Trade. The comparison puts the strong profit increase beside broadly stable operating earnings.

Price position and valuation

On October 16, 2026, PannErgy had reported weaker third-quarter heat sales while retaining its annual earnings target, as Portfolio reported. The OTP note listed a 2026 market capitalization of HUF 45,120 million, a forecast P/E ratio of 23.80 and a dividend yield of 2.30 percent.

The company is listed as PANNERGY.BD on the Budapest Stock Exchange in the utilities sector. For investors, the central contrast is a maintained analyst target alongside a profit increase that was stronger than the revenue gain.

Stock price stays below the Budapest close

PannErgy stock was trading at EUR 7.63 at Lang & Schwarz on October 19, 2026 at 5:03 p.m. CEST, 0.70 percent below the Budapest close of October 16, 2026.

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