Morgan Stanley cuts target for Enel stock to EUR 8.50

Published on 10/12/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half EBITDA rose 3.00 percent to EUR 11.80 billion and net income to EUR 3.90 billion. Enel stock costs EUR 8.95 on October 12, 2026.

Key points in brief

Morgan Stanley cut its Enel price target from EUR 9.20 to EUR 8.50 on October 9, 2026, retaining an Underweight rating.
Enel's first-half 2026 EBITDA rose 3.00 percent to EUR 11.80 billion, while net income reached EUR 3.90 billion.
Enel stock was at EUR 8.95 at Lang & Schwarz on October 12, 2026 at 10:18 a.m. CEST.
Enel completed a 270 MW US solar portfolio acquisition on October 2, 2026.
The next reported event is scheduled for November 12, 2026.

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Enel stock (ISIN IT0003128367) was at EUR 8.95 at Lang & Schwarz on October 12, 2026 at 10:18 a.m. CEST. Morgan Stanley cut its Enel target from EUR 9.20 to EUR 8.50 on October 9, 2026, while retaining an Underweight rating.

Three milestones shape Enel

On February 23, 2026, Enel presented a 2026-2028 strategic plan with EUR 53.00 billion of investments, according to its investor-relations page. On July 30, 2026, first-half EBITDA rose 3.00 percent to EUR 11.80 billion and net income increased 3.00 percent to EUR 3.90 billion, according to Yahoo Finance. On October 2, 2026, Enel finalized a 270 MW solar portfolio acquisition in the United States, as stated in its press release.

What does the acquisition add?

The US transaction expands Enel's operating renewable portfolio through seven photovoltaic plants. The first-half earnings figures show why execution matters: EBITDA and net income both increased 3.00 percent year over year, while earnings per share rose 5.00 percent to EUR 0.40, according to Yahoo Finance.

The same earnings presentation placed full-year 2026 earnings per share at EUR 0.74, the high end of guidance. That target gives the October 9 analyst cut a clear counterpoint: Morgan Stanley's EUR 8.50 valuation is below the current Lang & Schwarz price, while UBS retained a Buy rating and a EUR 10.65 target on October 8, 2026, according to Boersen-Zeitung.

What comes next for Enel?

Enel's next reporting date is November 12, 2026, according to an analyst calendar cited by Investing.com. The next report will test whether the 3.00 percent first-half growth rate and the EUR 0.74 earnings-per-share outlook remain aligned.

Enel stock trades at EUR 8.95

Enel stock was at EUR 8.95 at Lang & Schwarz on October 12, 2026 at 10:18 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enel stock.