PannErgy stock keeps OTP's HUF 3,057 target in view after tariffs

Published on 10/07/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PannErgy stock traded at HUF 2,880.0 on October 7, 2026, while OTP retained its HUF 3,057 12-month target. H1 profit rose 75 percent year over year.

PannErgy, HU0000089867, Illustration mit AI erstellt.

PannErgy stock (ISIN HU0000089867) traded at HUF 2,880.0 on the Budapest Stock Exchange on October 7, 2026, up 0.35 percent from the previous close. The key valuation reference is OTP's retained HUF 3,057 12-month target and Buy recommendation after the geothermal energy company released its first-half figures.

OTP keeps target above market

According to Portfolio on October 6, 2026, OTP maintained its HUF 3,057 target and Buy recommendation in its half-year assessment. The target lies 6.1 percent above the HUF 2,880.0 share price, keeping the analyst view tied to a measurable gap rather than a broad market call.

The next shareholder return checkpoint is October 15, 2026, when PannErgy is scheduled to pay the first HUF 63.40 dividend installment for fiscal year 2025. OTP also cited a second HUF 74.60 installment for March 8, 2027, according to its OTP Bank analysis published on September 24, 2026.

Profit growth meets tariff test

PannErgy generated HUF 4.375 billion in consolidated revenue in the first half of 2026, up 6 percent from HUF 4.129 billion a year earlier. Net profit increased to HUF 619 million from HUF 353 million, a 75 percent year-over-year gain, while heat sales reached 1,001 terajoules, up 2 percent.

The operating picture was more mixed. EBITDA stood at HUF 1.661 billion, compared with HUF 1.672 billion in the prior-year period, while operating profit rose 7 percent to HUF 517 million. Portfolio reported on October 1, 2026, that PannErgy reaffirmed its 2026 consolidated EBITDA plan of HUF 4.300 billion to HUF 4.450 billion after regulated heat tariffs took effect.

The tariff update matters because it links the annual earnings range to regulated pricing rather than only to volume growth. The Budapest Stock Exchange published PannErgy's extraordinary information on September 30, 2026, stating that the regulated heat tariffs would apply from October 1, 2026, in a release available through the Budapest Stock Exchange.

Stock remains below yearly high

PannErgy traded at HUF 2,880.0 on October 7, 2026, with a 52-week range of HUF 1,675.0 to HUF 3,220.0. Its market capitalization was HUF 38.6 billion and reported volume was 72 shares on the same date. The price therefore stood 10.6 percent below the 52-week high, while the 4.81 percent dividend yield adds a separate income measure to the earnings story.