Enel Pursues Legal Claim in London as Share Buyback Continues

Enel initiates ICC arbitration against Waaree Energies for a collapsed acquisition while boosting its share repurchase program. The stock continues to rise, with analysts focused on 2030 targets.

Italian energy giant Enel Spa has initiated arbitration proceedings against Waaree Energies at the International Chamber of Commerce (ICC) in London. This legal action stems from a collapsed deal for Enel Green Power India, which was originally agreed upon in January 2025. With the acquisition failing to materialize, Enel is now seeking compensation for damages and lost profits. Waaree Energies has stated it will defend itself against the allegations. The financial implications for both parties hinge entirely on the outcome of the London-based negotiations.

Strategic Buyback Program Gains Momentum

Concurrently with the legal dispute, Enel's management is actively deploying capital to support its market valuation through a substantial share repurchase initiative. Launched in February, the program has recently been accelerated. Market observers view this consistent reduction of outstanding shares as a confident signal, providing underlying support for the utility's share price.

Detailed figures from the latest buyback phase are as follows:
* Period: March 9 to 13, 2026
* Shares Acquired: More than 13 million
* Average Weighted Price: €9.3459
* Total Treasury Stock Held: Approximately 1.9% of share capital

Market Sentiment Remains Unshaken

Investors on the Milan stock exchange have largely shrugged off news of the legal conflict. The equity continued its upward trajectory, trading at €9.95 on Tuesday. This price level marks an increase of over ten percent since the start of the year, placing the stock within striking distance of its 52-week high.

Long-Term Strategy in Focus

Analysts are looking beyond the current courtroom drama. Investment bank Goldman Sachs reiterated its Buy recommendation for Enel on Tuesday, shifting the focus to the company's long-term growth targets for 2030. The key question among market strategists is whether the group can achieve its ambitious profit forecasts amidst a volatile sector environment.

Upcoming European energy policy summits this week are expected to provide new regulatory direction. These developments will be watched closely as Enel simultaneously makes internal strategic decisions that will shape its operations for the years ahead.