Terna Rete Elettrica Nazionale SpA (TRN)

Currency in EUR
9.736
-0.022(-0.23%)
Real-time Data·
High dividend Yield
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Fair Value
Day's Range
9.7229.776
52 wk Range
8.23610.410
Key Statistics
Prev. Close
9.758
Open
9.742
Day's Range
9.722-9.776
52 wk Range
8.236-10.41
Volume
398.58K
Average Volume (3m)
3.8M
1-Year Change
13.3675%
Book Value / Share
4.3
Fair Value
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Fair Value Upside
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TRN Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
9.861
Upside
+1.28%
Members' Sentiments
Bearish
Bullish
ProTips
Impressive gross profit margins
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

4 Buy
12 Hold
3 Sell
Ratings:
19 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 9.861
(+1.28% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Jefferies
Hold10.90+11.82%9.80Maintain03-08-2026
Morgan Stanley
Sell8.85-9.21%8.15Maintain20-07-2026
Kepler Cheuvreux
Hold9.50-2.54%9.00Maintain16-07-2026
Barclays
Hold10.20+4.64%8.80Maintain24-04-2026
UBS
Hold9.50-2.54%8.85Maintain27-03-2026

Terna Rete Elettrica Nazionale SpA Earnings Call Summary for Q2/2026

  • Terna reported H1 2026 revenue up 12% to €2.1B and EBITDA up 8% to €1.5B; net income rose just 1% to €591M due to higher financial and tax costs.
  • Non-regulated business surged with revenue up 50% to €451M and EBITDA up 81% to €106M, expanding margin to 24% from 20% year-over-year.
  • Net debt decreased €0.5B to €12.6B from year-end 2025; CapEx jumped 20% to €1.6B, primarily funding regulated grid development projects.
  • Management confirmed full-year 2026 guidance, expecting €200M in output-based incentives; new 10-year development plan for 2027-2036 due H1 2027.
  • Shares fell 1.12% to $10.11, near 52-week high; executives cited regulatory uncertainty around 2028 WACC and geopolitical supply-chain risks as challenges.
Last Updated: 29-07-2026, 09:50 pm
Read Full Transcript

Earnings

Latest Release
29-07-2026
EPS / Forecast
0.16 / 0.16
Revenue / Forecast
1.12B / 1.08B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.53%
Dividend Yield
4.06%
Industry Median 2.85%
Annualised payout
0.40
Paid unevenly
5-Years Growth
-1.49%
Growth Streak

TRN Income Statement

Compare TRN to Peers and Sector

Metrics to compare
TRN
Peers
Sector
Relationship
P/E Ratio
18.3x12.0x11.7x
PEG Ratio
22.79−0.650.02
Price/Book
2.3x1.5x1.3x
Price / LTM Sales
4.6x1.0x1.7x
Upside (Analyst Target)
2.5%15.2%16.9%
Fair Value Upside
Unlock−8.3%2.8%Unlock

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; and construction of storage systems. It also supplies transformers and cables; provides energy and connectivity services; and installs and operates interconnecting lines. In addition, the company designs, produces, commercializes, and repairs power transformers for electricity transmission and distribution grids; industrial transformers for the steel and metals industries; special transformers for convertors used in electrochemical production; manufactures and sells marine and terrestrial cables; develops renewable energy projects; and undertakes private interconnector projects. The company was founded in 1962 and is headquartered in Rome, Italy.

Sector
Utilities
Employees
7260
Market
Italy

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
552.59M27.54%5.39B
Other Institutional Investors
624.72M31.13%6.10B
Public Companies & Retail Investors
829.23M41.33%8.09B
Total
2.01B100.00%19.58B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Cassa Depositi e Prestiti S.p.A.29.90%60,00,02,71258,54,826
Lazard Asset Management LLC5.13%10,29,51,79010,04,604

FAQ

What Is the Terna (TRN) Share Price Today?

The Terna share price today is 9.736.

What is the current Terna (TRN) share price and day range?

As of 17-08-2026, the Terna share price is 9.736, with a previous close of 9.758. The share price has ranged from 9.722 to 9.776 today, while the 52-week range spans from 8.236 to 10.410.

What Is the Terna Market Cap?

As of today, Terna market cap is 19.560B.

Does Terna Pay Dividends? What's The Current Dividend Yield?

The Terna dividend yield is 4.06%.

What Is the Terna (TRN) Share Price Target?

The average 12-month share price target for Terna is 9.861, with a high estimate of 11.2 and a low estimate of 8.65. 4 analysts recommend buying, while 3 suggest selling, with an overall rating of Neutral and +1.28% Upside potential.

What Is Terna's Earnings Per Share (TTM)?

The Terna EPS (TTM) is 0.531.

When Is the Next Terna Earnings Date?

Terna will release its next earnings report on 12-11-2026.

From a Technical Analysis Perspective, Is TRN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

What Stock Exchange Does Terna Trade On?

Terna is listed and trades on the Milan Stock Exchange.

What Is the Stock Symbol for Terna?

The stock symbol for Terna is "TRN."

How Many Times Has Terna Stock Split?

Terna has split 0 times.

How Many Employees Does Terna Have?

Terna has 7260 employees.
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