Enel denies Endesa stake sale reports. Deutsche Bank keeps Enel stock Hold, target EUR 10.00

Published on 10/23/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 EBITDA rose 3.00 percent to EUR 11.80 billion. Enel stock costs EUR 9.17 on October 23, 2026, versus EUR 9.20 at Xetra.

Stake denial and earnings path

Enel reaffirmed its more than 70.00 percent Endesa stake on October 20, 2026.
First-half 2026 EBITDA rose 3.00 percent to EUR 11.80 billion.
Enel stock trades at EUR 9.17 at 10:41 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.33 percent below the Xetra close of October 22, 2026.

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Enel (ISIN IT0003128367) was trading at EUR 9.17 at Lang & Schwarz on October 23, 2026, at 10:41 a.m. CEST, or 0.33 percent below the Xetra close of October 22, 2026 at EUR 9.20. On October 20, 2026, Reuters reported that Enel had denied plans to reduce its stake in Endesa. On October 21, 2026, Deutsche Bank Research kept a Hold rating and a EUR 10.00 target, according to dpa-AFX.

What changed around Endesa?

The denial keeps Endesa inside Enel's approved growth strategy rather than treating the Spanish utility as a disposal candidate. Enel controls more than 70.00 percent of Endesa, according to Merca2. The market implication is strategic: the group continues to emphasize growth in Europe and the Americas, while the stock's 0.33 percent discount to the October 22 Xetra close points to a limited immediate price response.

Three milestones shape the story

On February 23, 2026, Enel's strategic plan called for EUR 53.00 billion of investments through 2028, according to its Enel investor-relations page. On July 30, 2026, first-half EBITDA rose 3.00 percent year on year to EUR 11.80 billion and net income rose 3.00 percent to EUR 3.90 billion, as reported in the Quartr transcript. On October 20, 2026, Enel rejected reports of a possible Endesa stake reduction and reaffirmed its approved growth direction.

What does EUR 10.00 imply?

Deutsche Bank Research's EUR 10.00 target lies 9.05 percent above the Lang & Schwarz price of EUR 9.17. The target was kept alongside a Hold rating before quarterly results, while the first-half figures showed EBITDA and net income each up 3.00 percent. For investors, the next test is whether the third-quarter update supports that earnings trajectory without changing the capital-allocation plan.

When is the next result?

Enel's next earnings release is scheduled for November 11, 2026, for the third quarter of 2026, according to the company profile carried by MarketScreener. That report will put the EUR 23.60 billion EBITDA and EUR 7.30 billion net-income guidance cited by Equita under scrutiny.

Stock trades below Xetra close

The current gap is modest, but the reference level matters: Enel was trading at EUR 9.17 at Lang & Schwarz on October 23, 2026, at 10:41 a.m. CEST, 0.33 percent below the Xetra close of October 22, 2026 at EUR 9.20. Its market capitalization was EUR 91.2 billion and its 52-week range was EUR 8.40 to EUR 10.30 as of October 23, 2026.

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