Elia stock rises on UBS and a 2026 earnings backdrop
Published on 08/28/2026 at 22:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Elia Group NV/SA (BE0003822393) traded at EUR 129.10 on August 28, 2026, up 1.73 percent on Tradegate, after a recent UBS upgrade and a midyear earnings backdrop that still frames the Belgian grid operator's valuation. The same market snapshot shows a year-to-date gain of 15.26 percent and a market value of EUR 13.83 billion.
UBS call stays in view
Elia shares were listed in a recent share snapshot alongside a note dated August 5, 2026 that UBS moved the stock to Buy. The same page also shows a consensus Buy recommendation, 15 analysts, and a mean target of EUR 149.37, which implies 17.89 percent upside from the latest close of EUR 126.70.
The analyst backdrop matters because it sits next to a live quote that has already moved above the prior session's EUR 126.90 close on August 27, 2026. For a regulated utility with heavy capital spending, that mix of a higher target and a recent 1.73 percent daily gain gives the stock a clear valuation anchor.
H1 2026 numbers
Elia's latest published earnings call on July 29, 2026 centered on H1 2026 results. The company reported EBITDA of EUR 766 million for fiscal 2020 on the long-term statement table, while the same portal's forward model shows EBITDA of EUR 1.78 billion for 2026 and revenue of EUR 5.42 billion for 2026, a useful jump from the historical 2020 revenue figure of EUR 4.44 billion.
That comparison shows why investors keep watching the capital base and the earnings path together. Elia's reported 2020 EBIT margin stood at 13.13 percent, while the forward model for 2026 points to revenue of EUR 5.42 billion and net income of EUR 729 million, with debt still the main balance-sheet variable.
Consensus and balance sheet
The same analyst table shows 2027 revenue of EUR 6.24 billion and net income of EUR 808 million, which implies another step up from 2026. It also shows net debt of EUR 18.69 billion for 2026 and EUR 23.46 billion for 2027, so leverage remains a central part of the equity case.
Historically, the portal's statement table shows revenue of EUR 4.44 billion in 2020, EBITDA of EUR 2.28 billion in 2020, and net income of EUR 683 million in 2020. Those figures are older context rather than the current run-rate, but they help frame how much of the business is still tied to the regulated network and large investment cycles.
Grid operator exposure
Elia Group runs the Belgian high-voltage transmission network and connects electricity flows between Belgium and neighboring markets. Its investment profile also includes offshore grid work, which is why capital spending, regulatory returns, and debt costs stay at the center of the stock story.
The business mix is still easy to describe but harder to value: steady transmission assets, large project needs, and earnings that depend on approved returns. That combination leaves the stock tied to both market sentiment and the pace of execution on the balance sheet.
Shares and valuation
Elia stock traded at EUR 129.10 on August 28, 2026, with a market cap of EUR 13.83 billion and a year-to-date rise of 15.26 percent. The latest session on Tradegate showed EUR 129.10 against a prior close of EUR 126.90, while the 1-month change on the same page was minus 7.10 percent.
More on Elia stock
Elia Group SA/NV is the Belgian transmission-system operator behind the high-voltage grid and the offshore link projects that shape its capex profile. The name most closely associated with the product side of the business is Princess Elisabeth, the offshore hub cited in the company's recent coverage.
Price and venue
Elia stock traded at EUR 129.10 on Tradegate as of August 28, 2026. The stock's year-to-date gain stood at 15.26 percent, and the market cap was EUR 13.83 billion.
Fact box
Company: Elia Group NV/SA
ISIN: BE0003822393
Ticker: E4S
Exchange: Tradegate
Price (as of August 28, 2026, 1:52 p.m. ET): EUR 129.10
Market cap: EUR 13.83 billion
Sector / Industry: Utilities / Electric Utilities
Index membership: Belgian large-cap utility
