PNE AG Maintains Operative Momentum Amidst Management Changes

First Berlin Equity Research GmbH has reaffirmed its "Buy" recommendation for PNE AG, maintaining a price target of EUR 21.00. The decision coincides with significant management changes at PNE AG. The current CEO, Markus Lesser, will leave his position at the end of July. Supervisory Board Chairman Per Hornung Pedersen will step into the role of interim CEO.

Additionally, Roland Stanze will join the Management Board as COO. These moves aim to ensure that PNE AG has adequate top management during the upcoming transition period.

The company has commissioned two new wind farms with a total capacity of 43 MW, increasing its operational portfolio to 412 MW. Nine other wind farms, generating 226 MW, are under construction. This continuation highlights the company's steady operational progress.

In June, PNE AG divested its U.S. business to Lotus Infrastructure Partners. The proceeds will be directed toward expanding its European green power portfolio. The analysis by First Berlin Equity Research concludes that a sum-of-the-parts valuation supports an unchanged price target of EUR 21.00, reinforcing a 'Buy' stance on the stock.