01:37 AM EDT, 08/07/2026 (MT Newswires) -- Barclays affirmed its investment opinion on Enel (ENEL.MI) after the Italian energy group's "clean" better-than-expected results for the first half and upgraded full-year EPS outlook. "Enel's 1H26 results on 30 July provided another constructive proof point for the investment case, with the most important takeaway being a further upgrade to FY26 EPS expectations," analysts said Thursday. "The quality of the beat was also reassuring: as in 1Q26, stronger delivery in Spain and Latin America more than offset softer Italian margins, while lower-than-expected financial expenses provided an additional tailwind to net ordinary income." Enel now forecasts its 2026 EPS to come in at 0.74 euro, the upper end of its guided range of 0.72 euro to 0.74 euro. "We view this as further evidence that Enel is already delivering ahead of the trajectory implied by its 2026-28 plan," the note said. Accordingly, the research firm increased its adjusted EPS projections for 2026 through 2028 by 1% to account for a "stronger" run-rate. As a result, Barclays' estimates of 0.74 euro, 0.77 euro and 0.82 euro, respectively, are now 2% to 3% ahead of the Bloomberg consensus, with potential upside for additional consensus upgrades. The stock is still rated as overweight, with a price target of 11 euros, at Barclays.

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