First Berlin Equity Research Reiterates Buy on PNE AG With €19 Price Target

Reuters
2025.11.17 09:51
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First Berlin Equity Research maintains a Buy rating on PNE AG with a €19 price target, citing strong Q3 performance and significant EBITDA growth. The firm anticipates further project sales and milestone payments in Q4, confirming a 2025 EBITDA forecast of €80 million, suggesting an 83% upside potential for the stock.