Enel stock forecast: $1.18bn buyback announced
Enel is a publicly listed Italian utility group that generates and distributes electricity and gas, with operations spanning Europe and Latin America and a strategic focus on networks and renewable energy. Explore third-party ENEL price targets and technical analysis.
Enel S.p.A. (ENEL) is trading around €9.59 in early European dealings on 23 February 2026, near the top of its intraday range of €8.885-€9.615. Internal client positioning on the stock CFD shows a predominance of long exposure. As of 10:03am UTC on 23 February 2026, Past performance is not a reliable indicator of future results.
The latest price action follows Enel’s board approval of a new share buyback programme of up to €1bn, scheduled to run from 23 February to 31 July 2026, alongside the group’s 2026-2028 strategic plan outlining tens of billions of euros in planned investment (Reuters, 22 February 2026). External coverage notes that the buyback equates to roughly $1.18bn at current exchange rates (Morningstar, 23 February 2026). The wider European utilities sector remains in focus as Enel sets out its capital allocation and shareholder remuneration framework for the new plan period (MarketScreener, 23 February 2026).
Enel stock forecast 2026–2030: Third-party price targets
As of 23 February 2026, third-party Enel stock predictions show 12-month expectations reflect differing assumptions around earnings, regulation and broader European utilities conditions. They are indicative, based on each provider’s methodology and coverage universe, and may diverge from the prevailing market price.
Investing.com (consensus snapshot)
Kavout reports that, across 23 analysts tracked by Investing.com, the average 12-month Enel price target stands at €9.42, with a ‘Moderate Buy’ stance at that time. The summary attributes this view to analysts’ assessment of Enel’s financial position and strategic direction, while noting ongoing regulatory and interest-rate risks for utilities (Kavout, 22 February 2026).
MarketScreener (broker consensus)
MarketScreener’s ENEL stock forecast consensus also shows an average target price of €9.42. The range between lower and higher individual broker targets highlights differences in valuation assumptions, although recommendations at that date display an overall positive (‘Buy’/‘Outperform’) skew. The service links this blended target to expectations around earnings delivery, cost control and investment execution through 2028 (MarketScreener, 23 February 2026).
J.P. Morgan (broker rating)
J.P. Morgan maintains a Buy rating on Enel, with an unchanged 12-month price target of €9.70 per share. The broker refers to its assessment of Enel’s earnings trajectory and balance-sheet position within the sector, while acknowledging regulatory and execution risks typical of large integrated utilities (MarketScreener, 19 February 2026).
Barclays (broker rating)
Barclays reiterates its Buy rating and maintains a 12-month price target of €10. The bank frames its stance around its interpretation of Enel’s strategic plan, targeted cost efficiencies and the broader European utilities environment (MarketScreener, 19 February 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
ENEL stock price: Technical overview
The ENEL stock price is trading around €9.59 as of 10:03am UTC on 23 February 2026, holding above a relatively tight cluster of moving averages. The 20-, 50-, 100- and 200-day simple moving averages (SMAs) stand near €9.37, €9.13, €8.90 and €8.42 respectively. The 20-day SMA remains above the 50-day SMA, while the 14-day relative strength index (RSI) sits near 58, in the upper-neutral zone. An average directional index (ADX) reading around 22 suggests a developing, though not yet strong, trend.
On the upside, traders may monitor the classic R1 pivot near €9.55, with R2 around €9.79 coming into view only if price sustains a daily close above the initial resistance area. On pullbacks, the classic pivot near €9.18 may act as initial support, followed by the 100-day SMA around €8.90. A sustained move below this zone could shift focus towards the S1 region near €8.94 (TradingView, 23 February 2026).
Technical analysis is provided for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Enel share price history (2024–2026)
Over the past two years, ENEL’s stock price has moved from the mid-€5 range in early 2024 to the high-€9 range by late February 2026. The stock closed at €5.92 on 5 April 2024 and then advanced gradually through a series of higher lows and consolidation phases, ending 2024 around €6.90.
In 2025, the upward trajectory continued. Enel opened the year near €7.03 on 2 January 2025, dipped towards the mid-€6.70 area later that month, and then traded progressively through the €7 and €8 ranges, closing December 2025 at €8.88.
In early 2026, the price moved above €9 and largely held within the €9-€9.60 band through January and February. As of 23 February 2026, Enel closed at €9.62. This represents a marked rise from early 2024 levels, although past performance does not indicate future returns.
Past performance is not a reliable indicator of future results.
Enel (ENEL): Capital.com analyst view
Enel’s share price has trended higher over the past two years, moving from the mid-€5 range in early 2024 to around €9.59 as of 10:03am UTC on 23 February 2026, placing it near the top of its recent intraday range of €8.885-€9.615. This development coincides with the group’s 2026-2028 strategic plan, which outlines approximately €53bn in planned investment, and follows preliminary 2025 figures showing ordinary EBITDA growth supported by international operations. Even so, the share price remains sensitive to changes in power prices, interest rates and broader market sentiment.
The newly approved share buyback of up to €1bn and the proposed 2025 dividend highlight management’s emphasis on shareholder remuneration, at a time when European utilities continue to allocate significant capital to grids and renewables. While these measures may support equity valuation metrics, they also introduce considerations around execution risk, regulatory oversight and balance-sheet flexibility if operating conditions shift.
At the same time, developments in EU emissions policy and carbon pricing illustrate how quickly sector sentiment can change. Tighter climate measures or higher carbon costs may alter relative cost structures within the utilities space. For integrated groups such as Enel, this can create both opportunities and risks, depending on generation mix, regulatory treatment and energy market dynamics.
Capital.com’s client sentiment for Enel CFDs
As of 23 February 2026, Capital.com client positioning in Enel CFDs shows a clear skew towards long positions, with 93.6% of accounts net long and 6.5% net short at the time of writing. This represents a difference of roughly 87 percentage points in favour of long positions. The data reflects open CFD positions on Capital.com only and may change as clients adjust their exposure.
Summary – Enel 2026
- As of 10:03am UTC on 23 February 2026, Enel trades near €9.59, compared with approximately €5.90-€6 in early 2024 and around €7 at the start of 2025.
- Technical indicators show the price above its 20-, 50-, 100- and 200-day moving averages, with RSI in the upper-neutral zone and trend strength developing but not elevated.
- Key themes include the 2026-2028 strategic plan with around €53bn in planned investment, balance-sheet management and the broader European utilities and power-price backdrop.
- Recent developments include the approval of a share buyback of up to €1bn, preliminary 2025 results indicating ordinary EBITDA growth, and ongoing market assessment of the updated strategy.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Enel stock?
Enel is a publicly listed company with a shareholder base that includes institutional investors and retail shareholders. The Italian Ministry of Economy and Finance is Enel’s largest single shareholder, holding a significant minority stake. The remaining shares are in free float and are owned by global asset managers, pension funds and other institutional and private investors. Shareholdings can change over time as a result of market transactions and regulatory disclosures, so the most up-to-date ownership structure is typically set out in Enel’s latest annual or interim report.
What is the 5-year Enel share price forecast?
There is no single, agreed five-year ENEL stock forecast. Most publicly available analyst estimates focus on a 12-month horizon rather than longer-term projections. Longer-term expectations depend on multiple variables, including earnings performance, capital expenditure plans, dividend policy, regulatory developments, power prices and interest rates. Because these factors can shift materially over several years, long-term projections are inherently uncertain and should be viewed as indicative rather than precise. Past performance does not indicate future returns.
Is Enel a good stock to buy?
Whether Enel is considered 'good' depends on an individual’s objectives, risk tolerance and time horizon. Enel operates in the European utilities sector, which is often associated with regulated revenues and dividend distributions. However, it is also exposed to regulatory change, energy price fluctuations, interest-rate movements and execution risk linked to its investment programme. Rather than assessing whether a stock is 'good' in absolute terms, investors typically examine fundamentals, valuation metrics, balance-sheet strength, sector conditions and overall portfolio allocation. This article is for informational purposes only and does not constitute investment advice.
Could Enel stock go up or down?
Yes. Like any listed equity, Enel’s share price can move in either direction. It may respond to company-specific developments such as earnings releases, dividend announcements or strategic updates, as well as broader influences including energy prices, macroeconomic data, regulatory decisions and changes in market sentiment. Short-term price movements can be volatile, particularly around major announcements. Over longer periods, returns tend to reflect earnings performance, capital allocation decisions and sector dynamics. There is no guarantee of gains, and losses can exceed deposits when trading CFDs.
Should I invest in Enel stock?
Yes, you can trade Enel CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.