Elia stock faces a Ventilus setback as shares last at EUR 117.90

Published on 10/04/2026 at 23:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elia stock faces a permit suspension affecting the 82-km Ventilus line in Bruges. First-half revenue reached EUR 2.56 billion and net income EUR 348.70 million through June 30, 2026.

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Elia (ISIN BE0003822393) was last at EUR 117.90 on Euronext Brussels on October 2, 2026, down 0.25 percent in the session. The immediate company issue is a permit suspension affecting the 82-km Ventilus high-voltage project in West Flanders, according to The Brussels Times on October 2, 2026.

Ventilus work meets a legal hurdle

The Flemish Permit Disputes Council suspended the environmental license for the expansion of the Gezelle high-voltage substation in Bruges. Most work covered by that permit has therefore been halted, while work under a separate permit continues, The Brussels Times reports.

The ruling does not yet determine the timetable for the wider project. Elia is reviewing the decision, while the council will later consider the request to annul the permit. That creates a concrete execution risk for a project designed to connect offshore wind power with Belgium's inland grid.

Half-year growth carries the story

Elia Group reported EUR 2.56 billion of revenue for the half-year ended June 30, 2026, compared with a EUR 3.18 billion consensus estimate. Net income reached EUR 348.70 million, versus EUR 287.00 million in the previous reported half-year, according to TradingView.

The same half-year data show reported EPS of EUR 3.19 against an estimate of EUR 3.62, a shortfall of 11.88 percent. For investors, the contrast is clear: earnings growth remains visible in the comparison with the prior period, but the revenue and EPS gaps place execution and project timing at the center of the debate.

Analyst target stays above the quote

MarketScreener lists a BUY consensus based on 15 analysts, with an average price target of EUR 149.17, according to its Elia Group consensus page. The target is EUR 31.27 above the October 2 price, equivalent to 26.52 percent, giving the valuation debate a precise reference point.

Elia's investor calendar lists the Q3 2026 quarterly statement for November 27, 2026, while full-year results are scheduled for March 3, 2027, on the Elia Group investor-relations page.

Elia stock remains tied to execution

Elia stock was last at EUR 117.90 on Euronext Brussels on October 2, 2026. The next market test is whether the Ventilus permit dispute changes project timing before the November reporting date.