PGE signs nuclear deal for second plant and PGE stock trades at EUR 3.92

Published on 10/15/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PGE will prepare site studies for Poland's second nuclear plant, with startup targeted for 2040. PGE stock costs EUR 3.92 on October 15, 2026.

Nuclear project and earnings context

PGE signed a second nuclear plant agreement on October 14, 2026, with first-unit startup targeted for 2040.
First-half 2026 sales reached PLN 32.7 billion, up 5.6 percent from the prior-year period.
PGE stock was trading at EUR 3.92 at 10:33 a.m. CEST at Lang & Schwarz on October 15, 2026.

PGE, PLPGER000010, Illustration mit AI erstellt.

PGE Polska Grupa Energetyczna (PLPGER000010) was trading at EUR 3.92 at Lang & Schwarz on October 15, 2026 at 10:33 a.m. CEST. On October 14, 2026, Poland's Ministry of Energy, PEJ and PGE signed an agreement for the preparation of the country's second nuclear power plant, according to energynews.pro.

PGE takes a defined nuclear role

PEJ will act as investor and project coordinator, while PGE will prepare site analyses and preliminary feasibility studies with potential technology suppliers. Be?chatów and Konin are the preferred locations, and the first unit is targeted to start in 2040, World Nuclear News reported on October 13, 2026.

The timetable gives PGE a preparation role rather than immediate operating revenue. The updated program targets strategic partner and technology selection in 2027 and construction in 2032, making the project a long-duration development commitment.

What do the latest results add?

PGE's first-half 2026 sales reached PLN 32,716 million, compared with PLN 30,971 million a year earlier. Net income was PLN 4,047 million versus a PLN 7,123 million loss in the first half of 2025, while reported EBITDA reached PLN 8,195 million, according to WNP on September 15, 2026.

The second quarter supplied the sharper comparison: recurring EBITDA was PLN 3,963 million against PLN 3,269 million a year earlier, while net electricity production rose 18 percent to 13.46 TWh. The result improves the operating backdrop, but the nuclear project remains tied to studies, technology selection and a 2040 commissioning target.

Three dated steps for PGE

On September 15, 2026, PGE reported PLN 32,716 million in first-half sales. On October 3, 2026, the average one-year analyst target rose to PLN 12.95 from PLN 11.59 on September 11, according to Fintel. On October 14, 2026, PGE signed the second nuclear plant preparation agreement.

Stock remains tied to Warsaw

PGE is listed on the Warsaw Stock Exchange under ticker PGE and belongs to the utilities sector. Its market capitalization was PLN 38.1 billion as of October 15, 2026, while the company operates across generation, distribution, heat and renewables.

The stock was trading at EUR 3.92 at Lang & Schwarz on October 15, 2026 at 10:33 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of PGE stock.