Following the recent presentation of the results for the first half of 2026, Enel continue to collect the analysts' consensus financial, which sees the Italian energy company as one of the most interesting stocks in the European utilities sector.
An important confirmation comes from Kepler Cheuvreux, which has included Enel among its Top Picks, Kepler maintained a Buy rating and a target price of €11. The recent half-year results provided a further boost to the market. According to Kepler, the company's financials exceeded expectations, thanks primarily to the contribution of its operations in Spain and Latin America. The French investment bank, therefore, has positively revised its valuation in light of these results, with ordinary EBITDA of €11,8 billion, exceeding the €11,7 billion consensus forecast. Kepler also highlights the confirmation of its full-year 2026 guidance, with earnings per share expected at the high end of the company's range (€0,72-€0,74), equivalent to growth of approximately 7% compared to 2025. Among the most appreciated elements are a series of brownfield transactions with potential closings of approximately €1,5 billion by the end of the year and stock market valuations that, according to Kepler, remain attractive compared to major European competitors.
The judgment was not long in coming Barclays, which reaffirmed its confidence in Enel, confirming its Overweight rating and its TP at 11 euros, highlighting how the Group's management continues to strengthen its credibility in terms of earnings growth. The London-based brokerage maintains the Italian utility among its top picks in the energy sector, given its 2026 half-year results, which it judged to perform above estimates, thanks primarily to international operations. According to Barclays, Enel boasts strong upside prospects linked to investments in networks and renewables. Finally, the investment bank emphasizes that its forecasts already include the impact of the Italian Energy Decree.
The Intesa Sanpaolo In June, Intesa Sanpaolo included Enel among its Top Picks for the second half of 2026, highlighting the company's ability to sustain growth in renewables, maintain solid investments in networks, and continue to deliver attractive shareholder returns. Following the electricity giant's half-yearly financial report, released on July 30, analysts at the Turin-based bank further revised their target price (from 10,7 to 10,9) and confirmed their Buy rating, adding that the Group is on track to achieve the high end of its 2026 guidance, with ordinary net income per share expected at 0,74 euros. Central to Intesa Sanpaolo's brokers, once again, is Enel's role in green energy, with several projects in the startup phase, and the fact that the company continues to provide investors with an attractive combination of growth, shareholder returns, and a strong valuation relative to European peers.
Along the same lines Equity, which in its Utilities sector report published at the end of July, confirmed a positive view on Enel, maintaining a Buy rating and a target price of 11,1 euros. According to analysts, the company is among the best positioned in the sector thanks to its growth prospects over the next three years, strong earnings visibility, and average annual earnings per share growth estimated between 5,4% and 5,8% through 2028.
Enel stock target price also growing according to analysts Hsbc (precisely from 10,20 to 10,40 euros). The British analyst highlights the large portfolio of brownfield projects in the pipeline. Investors also appreciate the use of tools such as buybacks: the Group, including the programs of Endesa and Enel Americas, has already carried out share buybacks amounting to 3,5 billion euros, and the total value of the share buyback programs approved by both Enel and its subsidiaries amounts to approximately 6,5 billion euros. The broker therefore highlights the solidity of Enel's financial structure and forecasts annual growth in earnings per share and dividends of 5% and 6%, respectively, over the next three years.
Overall, the assessments of some of the main financial institutions therefore confirm a positive orientation on the title of the Group led by Flavio Cattaneo, supported by the stability of its regulated activities in the various countries in which it operates, by its growth strategy in line with the 2026-2028 Strategic Plan and by the prospects of creating value for shareholders.
