Endesa stock: Enel denies stake sale. Jefferies targets Endesa stock at EUR 37.00

Published on 10/23/2026 at 01:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enel denied a stake sale on October 20. The October 28 nine-month results follow a EUR 37.00 target from EUR 35.00 for Endesa stock.

Stake plans and earnings date

Enel denied plans to reduce its Endesa stake on October 20, 2026.
Jefferies lifted its Endesa target from EUR 35.00 to EUR 37.00 on October 19, 2026.
Endesa will present its nine-month 2026 results on October 28, 2026.

Börsen-Editorial: Händler an Terminals mit IBEX-35-Charts auf Großbildschirmen — Endesa S.A. ES0130670112 dokumentiert Börsen-Editorial mit Händlern und IBEX-35-Charts auf Großbildschirmen in Madrid, Illustration mit AI erstellt.

Endesa (ISIN ES0130670112) faces a results date on October 28 after Enel denied plans to reduce its stake and Jefferies raised its target to EUR 37.00. The sequence leaves investors weighing stronger first-half earnings against a valuation debate.

Stake speculation ends

According to Marketscreener on October 20, 2026, Enel said it had no intention of reducing its stake in Endesa. The statement addressed renewed media speculation and removed a potential ownership overhang from the immediate company narrative.

The chronology is clear. On July 29, 2026, Endesa published its first-half financial report through its Endesa investor news page, while reported first-half net income reached EUR 1.47 billion, up 41.00 percent year over year, according to Estrategias de Inversión. On October 19, 2026, Jefferies raised its target from EUR 35.00 to EUR 37.00 and kept a Hold recommendation, as Bolsamania reported.

What does the target imply?

Jefferies' move is a quantified comparison, not an outright bullish signal: the target increased EUR 2.00 from EUR 35.00, while the recommendation stayed at Hold. The same report projected third-quarter EBITDA of EUR 1.30 billion, down 16.00 percent year over year, partly because of a EUR 200.00 million restructuring provision. Excluding that charge, projected EBITDA was EUR 1.46 billion, down 3.00 percent.

Endesa's operating picture is mixed by business line. First-half EBITDA reached EUR 3.24 billion, up 20.00 percent year over year, and distribution EBITDA contributed EUR 1.20 billion, up 24.00 percent, according to Estrategias de Inversión. The company had also executed EUR 1.10 billion of a EUR 2.00 billion share-buyback program by June, giving the capital-return plan a measurable role in the valuation discussion.

Results date sets the next test

Endesa lists its nine-month 2026 results presentation for October 28, 2026, at 10:00 a.m. CET. The release is scheduled to test the company's earnings objectives, debt trajectory and efficiency costs after the first-half profit increase.

Valuation remains the counterweight

Endesa's market capitalization was EUR 43.5 billion as of October 22, 2026, while its 52-week range was EUR 28.82 to EUR 43.73. Those dated market figures frame the analyst debate: Jefferies sees value in a higher target, while its Hold stance and the upcoming results keep the focus on execution. The further course of trading is shown by the continuously updated real-time quote of Endesa stock.