Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
PNE AG is a Germany-based renewable energy company headquartered in Cuxhaven, specializing as a project developer and clean energy solutions provider in wind farms, photovoltaics, and power-to-X technologies. Its integrated business model encompasses planning, financing, construction, operation, and sales of onshore and offshore wind projects, photovoltaic systems, battery storage, and green hydrogen solutions, covering the full renewable energy value chain. Active in 13 countries across Europe, South Africa, North America, and Asia, PNE AG has realized over 8.2 GW in wind and PV capacity, including more than 5.6 GW onshore wind with 2,100 turbines and 2.6 GW offshore, alongside a 6.5 GWp PV pipeline. The company operates its own generation portfolio exceeding 1.1 GW and provides lifecycle services like operations management and repowering. With over 650-697 employees, PNE AG supports the global energy transition through robust strategies, recent project sales, and long-term power purchase agreements, contributing stable cash flows and innovation in sustainable energy markets.
13.08% operating margin is respectable but not wide. ROIC at 2.32%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 9.4%, steady but not accelerating.
Negative free cash flow of -€154M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€259M
▲ +9.4% YoY
Net Income (TTM)
-€34M
▼ -273.2% YoY
Op. Margin
15.67%
▼ -1.9pp YoY
ROIC
2.32%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€140M
▲ +27.2% YoY
Op. Cash Flow (TTM)
-€74M
▲ +66.8% YoY
Net Debt
€731M
Cash & Equiv.
€78M
3Y CAGR: +22.2%
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