Enel: The Grid-Led Re-Rating Still Has Room To Run
Enel is transitioning from volatile wholesale power to regulated network returns, enhancing earnings reliability and supporting a re-rating opportunity. I expect over 90% of cumulative EBITDA from 2026–2028 to be regulated or contracted, reducing exposure to power price volatility and supporting visible earnings growth. Enel targets €53B in capex by 2028, with grid RAB growing at 7.3% CAGR and EPS reaching €0.80–€0.82, underpinned by disciplined renewables expansion and brownfield focus.
Enel SpA (ENLAY) Q2 2026 Earnings Call Transcript
Enel SpA (ENLAY) Q2 2026 Earnings Call Transcript
Enel (ENLAY) Upgraded to Buy: Here's What You Should Know
Enel (ENLAY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Are Utilities Stocks Lagging Enel (ENLAY) This Year?
Here is how Enel SpA (ENLAY) and Telecom Argentina (TEO) have performed compared to their sector so far this year.
Enel: Higher-Quality Earnings Support Further Upside
Enel's Q1 results showed 4% EBITDA and net profit growth, with regulated networks now comprising 42% of EBITDA, offsetting weaker renewables and thermal generation. As ENLAY increasingly resembles an infrastructure platform rather than a traditional utility, the company may justify a higher valuation multiple over time. Ongoing buybacks create additional upside optionality.
Enel assets worth nearly $4 billion at risk over Brazil concession, auditors say
Enel may lose its power concession in the Brazilian city of Sao Paulo, putting at risk financial and intangible assets worth 3.34 billion euros ($3.9 billion) and 595 million euros in goodwill, auditors said in the group's annual report.
Italy's Enel to hire 1,000 workers at power distribution unit, unions say
Italy's biggest utility Enel will hire 1,000 new workers at its power distribution unit E‑Distribuzione under an agreement with trade unions aimed at ending a two‑year labour dispute, unions said on Wednesday.
Enel could sell Sao Paulo power contract to avoid forefeiture, Brazil regulator says
A unit of Italy's Enel in Sao Paulo, at risk of having its contract to distribute power taken away because of alleged poor performance, could sell it to another company to avoid a financial loss, the head of Brazil's power regulator Aneel said on Thursday.
Brazil power regulator advances process against Enel unit in Sao Paulo
Brazil's power regulator Aneel decided on Tuesday to move forward with a forfeiture process that could ultimately lead to the termination of a concession held by a local unit of Italian power company Enel in Sao Paulo, preventing the automatic renewal of its contract.
Enel: Entering A New Growth Phase
Enel moves into a new phase driven by higher CAPEX (especially in grids and renewables), with strong visibility from regulated RAB-based earnings and ~15 GW renewable expansion. EPS growth is expected at 5–6% CAGR (above consensus), supported by rising dividends and potential buybacks beyond €3.5 billion. Given the escalation in the Middle East, we expect a renewed focus on energy security in the EU, which is supportive for Enel and the broader sector. We remain buyers.
Enel SpA (ENLAY) Analyst/Investor Day Transcript
Enel SpA (ENLAY) Analyst/Investor Day Transcript
Enel's $63 billion investment plan points to higher grids outlay in Spain
Spanish power utility Endesa is set to increase investments in Spanish power grids as part of Italian parent company Enel's $63 billion investment plan.
