Enel adjusts 2025 EBITDA guidance, shares in focus for consensus

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-30, 13:18.

Enel (IT0003132476) recently confirmed its strategic plan for 2025 and reiterated a focus on cash generation and debt reduction, as outlined in its latest investor presentations. The stock trades in Milan on Borsa Italiana, where it is a heavyweight in the FTSE MIB index.

What Enel has reiterated

In its November 2023 strategy update, Enel S.p.A. set a target for ordinary EBITDA of between 20.4 billion and 21.0 billion euros for 2025, underlining a disciplined approach to capital allocation and portfolio simplification. The company also guided for a reduction in net financial debt to around 51-52 billion euros by 2025, supported by asset disposals and stronger operating cash flow, according to its capital markets day materials. Enel capital markets day presentation

The group continues to emphasize investments in renewables and grids, with planned gross capex of around 35 billion euros in the 2024-2026 period, prioritizing projects with regulated or contracted cash flows. This strategy is intended to improve risk-adjusted returns and support a sustainable dividend, as reflected in Enel's latest investor-day slides and accompanying commentary. Enel strategy overview for 2024-2026

How analysts view Enel shares

Consensus data compiled by MarketScreener shows a majority of covering analysts rate Enel shares as Buy or Outperform, with the average 12-month price target clustered moderately above the current market price. Brokers such as Goldman Sachs and JPMorgan have highlighted the combination of deleveraging, improving cash flow and exposure to regulated grids as key supports for the equity case. Analyst consensus on Enel according to MarketScreener

Several recent research notes across European utilities also point to Enel's position as a proxy for Italy's energy transition, noting its role in renewables, networks and retail. Compared with peers such as Iberdrola and E.ON, Enel is often cited as offering a balanced mix of growth and yield, though analysts remain attentive to interest-rate sensitivity and regulatory decisions in its core markets.

The business behind Enel

Enel makes most of its money as a vertically integrated utility, operating electricity generation, distribution networks and energy retail across Italy and several international markets. Its Enel Green Power unit is a major developer of wind and solar projects, while its networks businesses earn regulated returns on grid infrastructure.

Where the stock trades today

Enel shares trade on Borsa Italiana in Milan under the ticker ENEL, with the latest available price around 6.50 euros in recent sessions on the FTSE MIB index.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.