Elia stock holds at EUR 118.20 as UBS cuts target to EUR 144.00

Published on 09/28/2026 at 14:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elia stock carries UBS's buy rating after a September 7 target cut from EUR 147.00 to EUR 144.00. A EUR 1.0 billion EIB facility funds its offshore grid build.

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Elia stock closed at EUR 118.20 on Euronext Brussels on September 23, 2026, putting the share price 21.83 percent below UBS's EUR 144.00 target. The financing of the Princess Elisabeth energy island gives the Belgian grid operator a concrete infrastructure catalyst.

EUR 1.0 billion backs offshore grid

According to Reuters on September 7, 2026, Elia secured a EUR 1.0 billion credit facility from the European Investment Bank for the Princess Elisabeth project in the North Sea. The artificial island is planned 45 kilometers off the Belgian coast and is intended to connect future offshore wind farms to Belgium's power grid.

The project matters because it links Elia's regulated transmission role with a large capital program. The EIB facility finances the second phase of the energy island, while Elia's transmission networks span Belgium and Germany.

UBS cuts target to EUR 144.00

Ideal Investor reported on September 7, 2026, that UBS maintained its buy rating but reduced its Elia target from EUR 147.00 to EUR 144.00. The change trims the target by EUR 3.00, yet the revised target remains 21.83 percent above the September 23 closing price.

The same update listed a consensus median target of EUR 150.00, which is EUR 31.80 above the reference price. That spread leaves valuation and financing costs as the key counterweights to the infrastructure story.

Profit guidance stays unchanged

Lightyear reported that Elia reaffirmed its full-year 2026 net profit guidance at EUR 690 million to EUR 740 million. The unchanged range contrasts with the financing progress: the energy island advances, but management has not raised the earnings outlook.

Market capitalization stood at EUR 13.3 billion on September 17, 2026, while Elia stock traded with a volume of 151,984 shares that day. The next reported event listed for the company is the Q3 2026 earnings release on November 26, 2026.

Elia stock stays below target

Elia stock closed at EUR 118.20 on Euronext Brussels on September 23, 2026. The stock therefore remains below both UBS's EUR 144.00 target and the EUR 150.00 consensus median, with the energy island financing providing the clearest quantified project support.