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Photon Energy N.V. (PEN.WA)

PLN1.18 -0.03 (-2.08%)
NL WSE Energy Solar
Address Barbara Strozzilaan 201 1083 HN
Amsterdam, NL
CEO Georg Hotar
IPO 2013-06-01
ISIN NL0010391108

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Description

Photon Energy N.V., operating through its global subsidiaries, offers a comprehensive spectrum of solar energy solutions and services. The company structures its diverse activities across several key divisions, including Solutions, Technology, Investments, Operations & Maintenance, and other business areas. It strategically invests in photovoltaic (PV) power facilities and generates electricity from them. Its current portfolio comprises 87 power plants located in Australia, the Czech Republic, Germany, Hungary, and Slovakia, collectively providing 90.5 MWp of capacity. Furthermore, Photon Energy is actively engaged in the entire project lifecycle for PV systems, covering their development, engineering, construction, and installation. It also delivers essential operational management, ongoing maintenance, and supervision services for these plants, complemented by specialized inverter diagnostics and advanced monitoring and control systems. Broader activities encompass the wholesale, import, and export of FVE components, general project development, and involvement in water technology and remediation. Established in 2008, Photon Energy N.V. is headquartered in Amsterdam, the Netherlands.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
PLN1.18 -0.03 (-2.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
31.8K
Beta
0.30
Float Shares
14.71M
Free Float %
24.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.25% +8.90% +45.87% +10.42% -16.32% -14.52% -53.24% -88.22% -85.80% +130.43% +30.33%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.18
Ratings Trend (MoM) 0% Bullish
Rating 2025-04 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.09
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Solar: +18.1%
    +0.0% Q1'26: -24.7% (vs Q1'25)
  • EPS growth Solar: +43.7%
    -36.4% Q1'26: -23.4% (vs Q1'25)
  • FCF margin FCF growth · Solar: +87.8%
    -10.5% Q1'26: -3.7% (vs Q1'25)
  • EBIT margin Solar: +4.0%
    -12.9% Q1'26: -11.6% (vs Q1'25)
  • ROIC Solar: +1.3%
    -5.3% Q1'26: -3.4% (vs Q1'25)
  • Share dilution Solar: 0.0%
    +0.4% Q1'26: -1.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Solar: 0.12×
    -135.31× Q1'26: 281.30× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.06) × ERP
WACC = 11% × Ke + 89% × Kd (6.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1.18
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
95.14M
est: 88.69M (+7.3%)
70.65M
est: 75.69M (-6.7%)
89.92M
est: 86.37M (+4.1%)
89.96M
est: 100.95M (-10.9%)
111.77M
111.77M – 111.77M
+10.7% YoY
124.54M
124.54M – 124.54M
+11.4% YoY
EBITDA
26.93M
est: 17.62M (+52.9%)
6.18M
est: 15.04M (-58.9%)
8.62M
est: 12.40M (-30.4%)
-1.30M
est: 14.49M (-109.0%)
16.04M
16.04M – 16.04M
+10.7% YoY
17.87M
17.87M – 17.87M
+11.4% YoY
EBIT
17.99M
est: 603.7K (+2,879.0%)
-4.87M
est: 515.3K (-1,044.7%)
-2.28M
est: -1.07M (-113.1%)
-11.59M
est: -1.25M (-826.8%)
-1.39M
-1.39M – -1.39M
-10.7% YoY
-1.54M
-1.54M – -1.54M
-11.4% YoY
Net Income
6.31M
est: 5.04M (+25.2%)
-15.68M
-13.12M
est: -8.11M (-61.7%)
-17.78M
est: -9.07M (-96.1%)
-7.85M
-7.85M – -7.85M
+13.4% YoY
-6.64M
-6.64M – -6.64M
+15.4% YoY
SGA
4.31M
est: 8.18M (-47.2%)
3.95M
est: 6.98M (-43.5%)
8.99M
est: 4.24M (+112.3%)
est: 4.95M (-100.0%)
5.48M
5.48M – 5.48M
+10.7% YoY
6.11M
6.11M – 6.11M
+11.4% YoY
EPS
0.11
est: 0.08 (+30.6%)
-0.26
-0.22
est: -0.14 (-62.9%)
-0.30
est: -0.15 (-98.7%)
-0.13
-0.13 – -0.13
+13.4% YoY
-0.11
-0.11 – -0.11
+15.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-28 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-27 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-26 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-25 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-22 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-21 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-20 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-19 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-18 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-15 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-14 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-13 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-12 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-11 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C 2/5 1/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
12.45M
OE per share TTM
0.20
Owner's Yield
13.28%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
233.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-37.0K
Shares Outstanding
60.27M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Georg Hotar Co-Founder, Chief Executive Officer, MD & Member of the Management Board 361.0K male
David Forth Group Chief Financial Officer & Member of Management Board 356.3K male
Joanna Rzesziewska Investor Relations Manager female
Lukás Kubásek Managing Director of Photon Energy Operations male
Marek Farský Managing Director of Photon Energy Technology CEE male
Martin Kysly Head of Marketing & Corporate Communications male
Petr Kvapil Managing Director of Photon Water Technology male
Ricky D'Ambrosca Chief Operating Officer male
Jan Cerný Managing Director of Monitoring & Control male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits