PNE AG Reports Strong Q3, Raises Full-Year Outlook

PNE AG delivered substantial earnings growth in the first nine months of 2026, reporting a 15.6% year-over-year increase in revenue to €150.7 million and a 71.4% jump in normalised EBITDA to €45.4 million, signaling a strong upward trajectory for the German renewable energy company.

The positive results were driven by the successful sale of wind energy and photovoltaic projects totaling approximately 361MW, alongside the securing of permits for additional projects with about 965MW of total capacity. This project momentum translated into a significant improvement in profitability, with the operating result (EBIT) swinging from a €2.9 million loss in the same period last year to a €15.0 million profit. The company’s own generation portfolio also contributed to the positive performance, producing around 589GWh of green electricity – a 12% year-over-year increase.

Building on this momentum, PNE AG has raised its full-year guidance, now expecting normalised consolidated EBITDA between €65 million and €80 million for 2026, continuing to position itself for one of its best ten-year results. This revision, following a previous adjustment in October, indicates management’s increased confidence in the company’s ability to capitalize on its project pipeline and favorable market conditions. The project pipeline itself remains robust, with approximately 14.3GW of onshore wind projects and 6.9GWp of photovoltaic projects as of September 30th, 2026.

The improved financial performance, coupled with a strong project pipeline, demonstrates PNE AG’s ability to navigate a challenging market environment and deliver value to shareholders. The 71.4% EBITDA surge, outpacing the 15.6% revenue gain, suggests effective cost management and a favorable project mix, while the raised guidance confirms management’s optimism. These results position PNE AG favorably within the German renewable energy sector, which is experiencing continued demand driven by national climate goals.