Morgan Stanley cuts target for Enel stock to EUR 8.50

Published on 10/14/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half EBITDA rose 3.00 percent to EUR 11.80 billion. Enel stock costs EUR 9.04 on October 14, 2026, versus a 52-week high of EUR 10.31.

Earnings and valuation signals

Morgan Stanley cut its Enel target from EUR 9.20 to EUR 8.50 on October 9, 2026.
First-half EBITDA rose 3.00 percent to EUR 11.80 billion by June 30, 2026.
Enel stock trades at EUR 9.04 at 10:34 a.m. CEST at Lang & Schwarz on October 14, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Solarpanel-Modell und Windturbinen-Figur — Flatlay mit Aktienzertifikat und ISIN-Karte visualisiert eine Investition in Enel S.p.A., ISIN IT0003128367, im Energiesektor, Illustration mit AI erstellt.

Enel (ISIN IT0003128367) stock is trading at EUR 9.04 at Lang & Schwarz on October 14, 2026 at 10:34 a.m. CEST. Corriere della Sera reported on October 9, 2026 that Morgan Stanley cut its Enel target from EUR 9.20 to EUR 8.50 and kept an Underweight rating.

Target cut meets stronger earnings

The downgrade contrasts with Enel's latest operating update. In its first-half 2026 earnings call, Yahoo Finance reported that EBITDA rose 3.00 percent year over year to EUR 11.80 billion and net income increased 3.00 percent to EUR 3.90 billion by June 30, 2026.

The same call said earnings per share reached EUR 0.40 in the first half, a 5.00 percent increase, while management expected full-year 2026 earnings per share at the upper end of its guidance range. That gives the target cut a clear counterweight: operating delivery improved even as the analyst view became more cautious.

What does the acquisition add?

Enel completed the acquisition of a portfolio of 270 megawatts of solar plants in the United States on October 2, 2026, according to the Enel Group. The transaction adds operating renewable capacity in a market that the company identifies as part of its international growth strategy.

Three events set the sequence

On July 30, 2026, Enel presented first-half results showing EUR 11.80 billion of EBITDA. On October 2, 2026, it completed the 270-megawatt solar acquisition. On October 9, 2026, Morgan Stanley cut its target from EUR 9.20 to EUR 8.50 while retaining Underweight.

The next date is November 12

Enel's next substantiated reporting date is November 12, 2026, when the company is expected to publish nine-month results, according to MarketScreener. The release should provide the next test of the earnings trajectory after the first-half improvement.

Stock valuation stays central

Enel has a market capitalization of EUR 89.6 billion as of October 14, 2026. Its 52-week range is EUR 8.37 to EUR 10.31, placing the current Lang & Schwarz price below the annual high while leaving the stock above its annual low.

Enel was trading at EUR 9.04 at Lang & Schwarz on October 14, 2026 at 10:34 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enel stock.