HELLENiQ ENERGY stock falls 4.80 percent after target rises

HELLENiQ ENERGY stock closed at EUR 16.85 on Athens S.E. on September 23, 2026, down 4.80 percent. The decline came after Goldman Sachs set a new EUR 17.80 price target for the company, up from EUR 15.20 in its September 3 report.

Target moves to EUR 17.80

According to Capital.gr, Goldman Sachs raised its HELLENiQ ENERGY target from EUR 15.20 to EUR 17.80 in research dated September 3, 2026. The increase of EUR 2.60 represents a 17.1 percent rise, while the September 23 closing price stood 5.3 percent below the new target.

The market reaction therefore points to a gap between improved earnings expectations and immediate trading pressure. The target remains a reference for the valuation debate, but the stock move shows that a higher estimate does not automatically translate into a higher daily price.

H1 EBITDA reaches EUR 734 million

HELLENiQ ENERGY reported adjusted EBITDA of EUR 734 million for H1 2026, up 83 percent from the prior-year period, according to Quartr. Net sales reached EUR 7,007 million, an increase of 36 percent year over year.

Q2 2026 adjusted EBITDA totaled EUR 442 million, while reported net income reached EUR 571 million, the same Quartr summary states. Net debt fell by EUR 700 million to EUR 1,967 million during the first half, giving investors a second improvement alongside the earnings growth.

Stock falls to EUR 16.85

HELLENiQ ENERGY stock closed at EUR 16.85 on Athens S.E. on September 23, 2026, after losing EUR 0.85 or 4.80 percent in the session. The contrast is clear: H1 adjusted EBITDA rose 83 percent year over year, yet the share price moved lower while the latest Goldman Sachs target remained EUR 17.80.