JPMorgan keeps Overweight rating on Enel stock

Published on 10/13/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 EBITDA rose 3.00 percent to EUR 11.80 billion. Enel stock costs EUR 9.04 on October 13, 2026, 12.32 percent below its EUR 10.31 high.

JPMorgan maintained an Overweight rating on Enel on October 12, 2026.
First-half 2026 EBITDA rose 3.00 percent to EUR 11.80 billion.
Enel stock was at EUR 9.04 at Lang & Schwarz on October 13, 2026, 1.35 percent above the Xetra close.
Goldman Sachs projected nine-month EBITDA of EUR 17.80 billion and Enel's next results for November 12, 2026.

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Enel (ISIN IT0003128367) was trading at EUR 9.04 at Lang & Schwarz on October 13, 2026, at 10:31 a.m. CEST, up 1.35 percent versus the Xetra close of October 12, 2026, at EUR 8.92. On October 12, JPMorgan kept its Overweight rating on Enel after reviewing third-quarter 2026 wind conditions, according to FinanzNachrichten.

Three milestones shape the stock

On July 30, 2026, Enel reported that EBITDA and net income in the first half of 2026 both rose 3.00 percent, reaching EUR 11.80 billion and EUR 3.90 billion, respectively, according to Yahoo Finance. On October 5, Goldman Sachs projected nine-month EBITDA of EUR 17.80 billion and net profit of EUR 5.70 billion to EUR 5.80 billion for Enel, according to Investing.com. The October 12 JPMorgan assessment was the latest of the three events and covered third-quarter 2026 power-generation conditions.

What does the first-half result mean?

The operating picture gives the rating a measurable earnings base. Enel said earnings per share increased 5.00 percent to EUR 0.40 in the first half of 2026, while full-year 2026 earnings per share was expected at EUR 0.74, the high end of guidance, according to Yahoo Finance. Recurring free cash flow reached EUR 6.10 billion in the same period, while net debt to EBITDA stood at 2.60 times.

The main counterweight is regulation and weather exposure. JPMorgan's October 12 report said wind speeds on the Iberian Peninsula were below average in the third quarter of 2026, while conditions elsewhere in Europe were broadly unchanged, according to FinanzNachrichten.

Next results arrive November 12

Goldman Sachs identified November 12, 2026, as Enel's reporting date for the nine-month results and also flagged possible fourth-quarter restructuring charges, according to Investing.com. UBS kept a Buy rating and a EUR 10.65 price target on October 8, 2026, according to FinanzNachrichten.

Stock remains below its yearly high

Enel was trading at EUR 9.04 at Lang & Schwarz on October 13, 2026, at 10:31 a.m. CEST, up 1.35 percent versus the Xetra close of October 12, 2026, at EUR 8.92. The EUR 10.31 52-week high stood 14.05 percent above the Lang & Schwarz price, while market capitalization was EUR 89.70 billion on October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of Enel stock.