Redeia stock: Morgan Stanley cuts target for Redeia stock to EUR 14.00 from EUR 16.00

Published on 10/24/2026 at 02:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Redeia reports nine-month results on October 28, 2026 after H1 net profit rose 4.00 percent. Redeia stock carried EUR 5,009.40 million net debt.

Rating pressure meets expansion

Morgan Stanley cut Redeia's target from EUR 16.00 to EUR 14.00 on October 19, 2026.
H1 2026 net profit rose 4.00 percent to EUR 280.40 million.
Redeia will publish nine-month 2026 results on October 28, 2026.

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Redeia (ISIN ES0173093024) faces a lower valuation bar after Morgan Stanley cut its price target from EUR 16.00 to EUR 14.00 on October 19, 2026, according to XTB. Morgan Stanley also lowered its rating from neutral to underweight, making financing costs and the timing of Spain's grid plan central issues for the stock.

What does the target cut change?

The target reduction was 12.50 percent, calculated from EUR 16.00 to EUR 14.00. XTB said Morgan Stanley pointed to higher bond yields, rising financing costs and a possible delay to Spain's national transmission plan. The event matters because Redeia's regulated grid investment story depends on both allowed returns and the pace of approved infrastructure spending.

Three dated steps for Redeia

On July 29, 2026, Redeia's first-half net profit reached EUR 280.40 million, up 4.00 percent year over year, while transmission investment rose 12.00 percent to EUR 631.00 million, according to Quartr. On October 16, 2026, the Red Electrica subsidiary began work on a 570-meter underground section replacing a 403-meter overhead section for the second Peninsula-Islas Baleares interconnection, according to MarketScreener. On October 19, 2026, Morgan Stanley moved its rating from neutral to underweight and reduced its target from EUR 16.00 to EUR 14.00, as XTB reported.

When is the next result date?

Redeia's next reporting date is October 28, 2026, when it will publish results for the first nine months of 2026, according to the company's investor-relations calendar at Redeia. The release will give investors a fresh test of profit growth, investment execution and the balance-sheet demands of the grid expansion plan.

Results set the next checkpoint

Redeia enters the October 28 reporting date with first-half net profit of EUR 280.40 million and transmission investment of EUR 631.00 million. The next update will show whether higher investment continues to support earnings while the lower analyst target keeps attention on financing and regulation. The further course of trading is shown by the continuously updated real-time quote of Redeia stock.