TAURON stock forecast: H1 earnings

TAURON is a Polish energy group. In the first half of 2026, revenue was broadly flat, while EBITDA and net profit fell amid higher CO2 allowance costs and coal consumption. Explore third-party analyst targets and technicals. Past performance is not a reliable indicator of future results.

By Dan Mitchell60 minutes ago

TAURON stock forecast — Photo: Shutterstock.com

TAURON Polska Energia S.A. (TPE) trades at 9.06 PLN as of 8:41am UTC on 15 September 2026, within an intraday range of 8.97–9.37 PLN. Past performance is not a reliable indicator of future results.

The latest price action follows TAURON's first-half 2026 results, published on 9 September. Revenue was broadly flat at 17,262 million PLN , while EBITDA fell 12% to 3,697 million PLN and net profit declined 24% to 1,565 million PLN, as higher CO2 allowance costs, increased coal consumption and rising depreciation weighed on profitability (Investing.com, 11 September 2026).

Recent company filings also show that The Goldman Sachs Group's share of TAURON's voting rights fell to 6.38% as of 31 August, from 8.28% in late August (TAURON, 7 September 2026). Separately, the WIG20 index closed at 4,121.57 points on 14 September, down 0.43% on the session (MarketWatch, 14 September 2026).

Third-party TAURON outlook: H1 earnings and stake cut

As of 15 September 2026, third-party TAURON stock predictions provide a snapshot of expectations at the time they were published and can change as new financial, regulatory or market information emerges.

MarketScreener (CBOE consensus)

MarketScreener gives TAURON an average 12-month target of 10.70 PLN, based on six analysts, with estimates ranging from 7.87–12.90 PLN. Its mean recommendation is buy, while the average target was 27.05% above the reference price captured that day (MarketScreener, 22 August 2026).

Stockopedia (broker consensus)

Stockopedia reports a consensus target of 11.57 PLN, 34.13% above the 8.63 PLN closing price captured that day. It also cites an earnings-per-share forecast of 1.59 PLN for the next financial year and an overall recommendation of buy (Stockopedia, 8 September 2026).

Investing.com UK (12-month consensus)

Investing.com reports an average target of 10.75 PLN from six analysts, with forecasts ranging from 7.87–12.90 PLN. The average was 13.03% above the reference price, with four analysts assigning buy ratings (Investing.com, 10 September 2026).

Investing.com Germany (12-month consensus)

Investing.com's German edition also publishes forecasts for TAURON's Frankfurt-listed line (1T5), with analyst views spanning strong buy, neutral and strong sell. It references a price of €2.06 for the listing (Investing.com, 14 September 2026).

Across these snapshots, consensus targets for TAURON's Warsaw-listed shares range from 10.70–11.57 PLN, while individual estimates span 7.87–12.90 PLN, showing a relatively broad range of expectations.

Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.

TAURON: latest and upcoming earnings

TAURON published its extended consolidated report for the first half of 2026 on 9 September, in line with its reporting calendar.

The company reported EBITDA of PLN 3,697 million, representing a 21.4% margin, and net profit of PLN 1,565 million, equivalent to a 9.1% net margin (TAURON via YouTube, 10 September 2026). These figures followed preliminary second-quarter and first-half estimates published on 24 August (GPW, 24 August 2026).

TAURON's next scheduled disclosure is its extended consolidated third-quarter report, due on 18 November 2026 (TAURON, 19 January 2026).

Past performance is not a reliable indicator of future results, and the figures above reflect historical reporting rather than future outcomes.

TPE stock price: technical overview

As of 8:41am UTC on 15 September 2026, the TPE stock price trades near 9.06 PLN, above its 20- and 50-day simple moving averages (SMAs) of around 8.75 PLN and 8.99 PLN, but below its 100- and 200-day SMAs at approximately 9.18 PLN and 9.57 PLN, according to TradingView.

The 14-day relative strength index (RSI) stands at 52.1, while the 14-day average directional index (ADX) is 20.7, suggesting broadly neutral momentum without a strong established trend.

Above the current price, R1 sits at 9.29 PLN, followed by R2 at 10.11 PLN. Below it, the central pivot at 8.74 PLN sits close to the 20-day SMA, with S1 at 8.22 PLN further below.

A move through resistance could shift attention towards higher reference levels, while weakness below support could bring lower levels into focus. Neither outcome is certain (TradingView, 15 September 2026).

This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

TAURON share price history (2024–2026)

TPE’s stock price has moved through several distinct phases over the past two years. In September 2024, the shares traded around 3.39 PLN, before rising through 2025 to end the year near 8.64 PLN.

That rise continued into early 2026, with TAURON reaching a two-year high of 11.92 PLN on 27 February, around the time of its inclusion in the WIG20 index. The gains were followed by a pullback, although price action remained volatile: on 30 March, the shares fell to an intraday low of 8.84 PLN before closing at 10.07 PLN.

TAURON then moved lower through the summer, reaching a 2026 low of 8.20 PLN on 21 August before recovering above 9 PLN in September. TPE closed at 9.05 PLN on 15 September 2026, around 4.8% above its 2025 year-end level but approximately 1.6% lower year on year and still below February's peak.

Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.

TAURON (TPE): Capital.com analyst view

TAURON's share price reached 11.92 PLN in February 2026 before retreating through spring and summer. Over the same period, the company joined the WIG20 index and reported broadly flat first-half revenue alongside lower EBITDA and net profit.

WIG20 membership may increase TAURON's visibility and institutional demand, although broader market weakness or changes in positioning could offset that effect. Earnings also present a mixed picture: stable revenue may offer some support, while lower EBITDA and net profit could weigh on sentiment if cost pressures persist.

Higher CO2 allowance costs and coal consumption affected first-half profitability. Further increases could add pressure, while lower costs or improved margins could support earnings. Regulation, energy prices, institutional holdings and company developments may also influence the shares in either direction.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not a reliable indicator of future results.

Summary – TAURON 2026

As of 8:41am UTC on 15 September 2026, TAURON traded near 9.06 PLN, within an intraday range of 8.97–9.37 PLN.
According to TradingView data, the share price sits above its shorter-term moving averages but below its 100- and 200-day averages. RSI at 52.1 and ADX at 20.7 point to broadly neutral momentum without a strong established trend.
First-half 2026 revenue was broadly flat, while EBITDA and net profit declined. Higher CO2 allowance costs, coal consumption and depreciation contributed to the fall in profitability.
TAURON's WIG20 membership could support visibility and institutional demand, although wider market conditions and changes in investor positioning may counter that effect.

Past performance is not a reliable indicator of future results.

FAQ

Who owns the most TAURON stock?

The article doesn’t identify TAURON’s largest shareholder, so it wouldn’t be accurate to name one here. It does note that The Goldman Sachs Group’s share of TAURON’s voting rights fell to 6.38% as of 31 August 2026, from 8.28% in late August. Ownership levels can change over time, so investors may wish to check TAURON’s latest regulatory disclosures for the most recent information on major shareholders.

What is the five-year TAURON share price forecast?

The article doesn’t provide a five-year TPE stock forecast. The third-party estimates cited cover a 12-month horizon, with consensus targets ranging from 10.70 PLN to 11.57 PLN and individual estimates spanning 7.87–12.90 PLN. Longer-term forecasts carry additional uncertainty because earnings, energy costs, regulation and wider market conditions can change substantially. Predictions shouldn’t be treated as reliable indicators of future performance.

Is TAURON a good stock to buy?

Whether TAURON is suitable to buy depends on an individual’s objectives, risk tolerance and assessment of the company. The article highlights both supportive and adverse factors. WIG20 membership may increase visibility, while stable revenue could provide some support. However, first-half 2026 EBITDA and net profit declined, with higher CO2 allowance costs and coal consumption weighing on profitability. These factors don’t determine how the share price will perform in future.

Could TAURON stock go up or down?

Yes. TAURON’s share price could move in either direction depending on company-specific and wider market developments. Lower energy or emissions costs, improved margins or stronger investor demand could support the price. Conversely, higher operating costs, weaker earnings, regulatory changes or broader market declines could put pressure on it. Technical indicators in the article also present a mixed picture, with the shares trading between shorter- and longer-term moving averages.

Should I invest in TAURON stock?

That decision depends on your own financial circumstances, objectives and tolerance for risk. The article doesn’t recommend buying or selling TAURON shares. Instead, it outlines factors that market participants may consider, including earnings, CO2 allowance costs, regulation, WIG20 membership and institutional positioning. Third-party analyst forecasts also vary, underlining the uncertainty involved. Past performance and analyst price targets shouldn’t be relied upon as indications of future returns.

Can I trade TAURON CFDs on Capital.com?

Yes, you can trade TAURON CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.