Terna completed EUR 9.00 million buyback for Terna stock

Published on 10/21/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Terna completed its EUR 9.00 million buyback on October 5, 2026. Terna stock costs EUR 9.37 on October 21, 2026 versus Goldman target EUR 8.90.

Financial and market markers

Terna bought back 977,579 shares for EUR 9.00 million on October 5, 2026.
Second-quarter 2026 revenue reached EUR 1.12 billion, up 13 percent year over year.
Terna stock was trading at EUR 9.37 at 10:04 a.m. CEST at Lang & Schwarz on October 21, 2026.
Goldman Sachs set an EUR 8.90 price target on October 12, 2026.

Terna, IT0003242622, Illustration mit AI erstellt.

Terna (ISIN IT0003242622) was trading at EUR 9.37 at Lang & Schwarz on October 21, 2026 at 10:04 a.m. CEST. The company completed a EUR 9.00 million share buyback on October 5, 2026, according to Repubblica.

Buyback reached its limit

Terna purchased 977,579 own shares for a total EUR 8.99999596 million, equal to 0.049 percent of its share capital. The final tranche covered 370,879 shares bought between September 28 and October 1, 2026, at an average EUR 9.2018 per share, the same report said.

The completed program leaves the transmission-grid operator with 4,425,425 treasury shares, or 0.22 percent of capital, as of October 5, 2026. The figure gives investors a concrete measure of the program's size relative to Terna's equity base.

Three dated milestones matter

On July 30, 2026, second-quarter revenue reached EUR 1.12 billion, up 13 percent from the prior-year quarter, while net income was EUR 314.7 million and unchanged year over year, according to Simply Wall St. On September 21, 2026, electricity demand in Italy reached 28.9 TWh in August, up 16.5 percent year over year, MarketScreener reported. On October 5, 2026, the buyback closed at EUR 9.00 million, according to Repubblica.

What does the target signal?

Goldman Sachs reiterated a Sell rating and set an EUR 8.90 price target in a report dated October 12, 2026, citing balance-sheet utilization and valuation concerns, according to Finvaulta. The report also described expected earnings-per-share growth of 2 percent through 2030, keeping financial capacity at the center of the debate.

Next reporting date

Terna's next scheduled reporting date is November 11, 2026, when it is expected to publish third-quarter results, according to MarketScreener. That release should show whether revenue growth is translating into stable profitability and whether the balance-sheet concern identified by Goldman Sachs is easing.

Stock price and valuation

Terna operates Italy's electricity transmission network and is listed on Borsa Italiana under ticker TRN. Its market capitalization was EUR 18.8 billion as of October 21, 2026. The combination of a completed buyback, double-digit second-quarter revenue growth and a cautious EUR 8.90 target leaves the November report as the next concrete test for the investment case.

Terna was trading at EUR 9.37 at Lang & Schwarz on October 21, 2026 at 10:04 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Terna stock.