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PNE3: French Wind Projects And Long Term Power Deals Will Drive Upside

Expanding Wind And Photovoltaic Projects Will Reshape European Energy

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PNE3
AnalystConsensusTarget
Not Invested
Published 11 Aug 2025

Update shared on 11 Dec 2025

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Narrative Update on PNE

Analysts have maintained their price target for PNE at approximately €17.27, reflecting stable expectations around the company’s discount rate, revenue growth outlook and profit margin profile despite the latest review.

What's in the News

  • PNE wins French onshore wind tender with its Romescamps and Chery projects, securing 20.8 MW of capacity and higher expected power generation through updated turbine designs and permits (Client Announcements)
  • Commissioning of the Romescamps wind farm in Hauts de France is planned for late 2027, while the Chery wind farm in Centre Val de Loire is expected to start operations in early 2029, both benefiting from competitive tender electricity prices (Client Announcements)
  • PNE completes the sale of two French wind farms, Clermont en Argonne (14.4 MW) and Genouille (11.3 MW), to JP Energie Environnement and Soregies respectively, crystallizing value from its French development pipeline (Client Announcements)
  • Through its subsidiary Energy Consult France, PNE will continue to operate the Genouille wind farm on behalf of Soregies, expanding its asset management and services presence in the French market (Client Announcements)
  • Infineon Technologies signs a 10 year power purchase agreement with PNE for green electricity from the Schlenzer and Kittlitz III wind farms in Brandenburg, totaling 24 MW and potentially around 550 GWh over their lifetime (Client Announcements)

Valuation Changes

  • Fair Value: Unchanged at approximately €17.27 per share. This indicates stable overall valuation assumptions.
  • Discount Rate: Steady at 9.98 %, suggesting no reassessment of PNE's risk profile in the latest review.
  • Revenue Growth: Effectively unchanged at about 5.94 %, with only an immaterial upward adjustment in the model.
  • Net Profit Margin: Stable at roughly 9.01 %, with only a negligible rounding difference in the updated estimate.
  • Future P/E: Unchanged at about 59.29 x, reflecting a consistent earnings multiple applied to PNE's forecast profits.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.