PPC stock adds a 300 MW Amazon data center plan

Published on 10/04/2026 at 15:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PPC stock was last at EUR 22.70 on October 2, 2026, while adjusted first-half EBITDA reached EUR 1.24 billion. Goldman Sachs sees up to EUR 4.00 per share from the full project.

PPC, GRS434003000, Illustration mit AI erstellt.

PPC stock (ISIN GRS434003000) was last at EUR 22.70 on the Athens Stock Exchange on October 2, 2026 at 5:18 p.m. EEST, with a daily change of -0.53 percent. The electricity group is building a new growth narrative around data centers after signing a binding agreement with Amazon Web Services on September 18, 2026.

Amazon agreement adds digital infrastructure

According to OT.gr on September 18, 2026, PPC plans an initial data center phase with 300 MW of power capacity in Western Macedonia. Amazon Web Services would lease the facility for 15 years, while PPC would provide the site, buildings and supporting energy infrastructure.

The agreement also allows the companies to explore expansion to 1 GW, subject to further agreements, market conditions, grid connection and regulatory approvals. PPC has put the first phase investment at EUR 1.2 billion and is targeting annual EBITDA of EUR 170 million by 2030 for the first two phases, excluding power purchase agreement earnings, according to Naftemporiki.

First-half earnings support the case

PPC's adjusted EBITDA reached EUR 1.24 billion in the first half of 2026, based on the company's reported period ending June 30, 2026, as reported by MarketScreener. That operating figure gives the data center plan a measurable earnings benchmark rather than leaving the strategy dependent only on long-term capacity targets.

Goldman Sachs reiterated a Buy rating after the Amazon agreement and estimated incremental value of EUR 1.30 per share for the initial phase and EUR 4.00 per share if the project reaches 1 GW, according to Finvaulta on September 18, 2026. The estimate is an analyst valuation scenario, not reported PPC revenue or profit.

Stock remains below its yearly high

The October 2 price of EUR 22.70 stood EUR 2.76, or 10.84 percent, below the 52-week high of EUR 25.46. PPC's market capitalization was EUR 13.1 billion and trading volume was 943,325 shares on the same date, giving investors a market-size and liquidity reference alongside the longer-term data center plans.