Fintel raises target for PGE stock from PLN 11.59 to PLN 12.95

Published on 10/12/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached PLN 15.26 billion, 17.57 percent above forecast. PGE stock was EUR 3.84 at Lang & Schwarz on October 12, 2026.

Key points in brief

Fintel raised the average one-year PGE target to PLN 12.95 from PLN 11.59 on October 3, 2026.
Second-quarter revenue reached PLN 15.26 billion, 17.57 percent above forecast, while recurring EBITDA rose 21 percent year over year.
PGE stock was EUR 3.84 at Lang & Schwarz on October 12, 2026, and the company had a PLN 37.8 billion market capitalization.

PGE, PLPGER000010, Illustration mit AI erstellt.

PGE Polska Grupa Energetyczna (PLPGER000010) was quoted at EUR 3.84 at Lang & Schwarz on October 12, 2026. The latest analyst-market signal came on October 3, when Fintel reported that the average one-year target rose from PLN 11.59 to PLN 12.95. The target revision gives investors a clear benchmark against the latest operating figures.

Three dated signals for PGE

On September 15, PGE reported second-quarter 2026 revenue of PLN 15.26 billion and net income of PLN 2.02 billion, according to Bankier. On September 29, PGE signed a PLN 3.05 billion refinancing agreement for two gas units in Gryfino, with maturity set for September 29, 2039, as Greenberg Traurig reported on October 2.

On October 3, Fintel recorded the target increase from PLN 11.59 to PLN 12.95. Its target range ran from PLN 9.39 to PLN 16.59, while the average target stood 13.78 percent below the PLN 15.02 closing price cited for October 2.

What does the earnings beat show?

Investing.com reported that second-quarter revenue of PLN 15.26 billion exceeded the PLN 12.98 billion forecast by 17.57 percent. Recurring EBITDA reached PLN 3.96 billion, up 21 percent from the same period a year earlier, while capital expenditures rose 4 percent year over year to PLN 2.46 billion.

The composition matters. The reported figures combine stronger gas and heat performance with continued spending on offshore wind, battery storage, gas generation and heat decarbonization. PGE also revised the outlook for its heat and coal-energy segments from stable to growing, while railway energy moved from negative to stable.

Strategy and investor dates

PGE said its updated strategy would be presented in October 2026, with the document expected to address coal transformation, gas generation, renewable energy, storage and distribution. The company is also developing a 400-megawatt battery project with 800 megawatt-hours of capacity, targeted for completion at the end of 2028.

On the GPW, PGE.WA was PLN 16.84 at 9:26 a.m. CEST on October 12, 2026. Market capitalization was PLN 37.8 billion on the same date, and the 52-week range was PLN 8.21 to PLN 17.18.

Price and market context

PGE was trading at EUR 3.84 at Lang & Schwarz on October 12, 2026 at 9:38 a.m. CEST. The reference price is the current euro quotation, while the GPW quotation provides separate Polish-market context.

The further course of trading is shown by the continuously updated real-time quote of PGE stock.