Terna S.p.A. (TEZNY)
| Market Cap | 23.39B +19.1% |
| Revenue (ttm) | 4.72B +10.6% |
| Net Income | 1.23B +4.1% |
| EPS | n/a |
| Shares Out | n/a |
| PE Ratio | 19.07 |
| Forward PE | 17.93 |
| Dividend | 0.88 (2.50%) |
| Ex-Dividend Date | Nov 28, 2025 |
| Volume | 642 |
| Average Volume | 14,495 |
| Open | 34.93 |
| Previous Close | 35.32 |
| Day's Range | 34.93 - 35.21 |
| 52-Week Range | 27.92 - 36.36 |
| Beta | 0.62 |
| RSI | 48.05 |
| Earnings Date | May 7, 2026 |
About Terna
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 int... [Read more]
Financial Performance
In 2025, Terna's revenue was 4.01 billion, an increase of 9.55% compared to the previous year's 3.66 billion. Earnings were 1.06 billion, an increase of 0.08%.
Financial numbers in EUR Financial StatementsNews
Terna Earnings Call Transcript: Q1 2026
Q1 2026 saw 10% revenue and 7% EBITDA growth, stable net income, and lower net debt, with strong progress in grid projects and sustainability. Full-year guidance is confirmed, and the CapEx plan remains fully financed and resilient to geopolitical risks.
Terna price target raised to EUR 10.50 from EUR 10 at Deutsche Bank
Deutsche Bank raised the firm’s price target on Terna (TEZNY) to EUR 10.50 from EUR 10 and keeps a Buy rating on the shares.
Terna Earnings Call Transcript: Q4 2025
2025 saw strong financial and operational results, with revenues up 10%, EBITDA up 7%, and accelerated investments supporting grid modernization and renewables integration. Outlook for 2026 remains positive, with continued growth and robust financial discipline.
Terna downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Fernando Garcia downgraded Terna (TEZNY) to Sector Perform from Outperform with a price target of EUR 10, up from EUR 9.60. The firm views the stock’s valuation
Terna price target raised to EUR 9.80 from EUR 8.50 at Citi
Citi raised the firm’s price target on Terna (TEZNY) to EUR 9.80 from EUR 8.50 and keeps a Neutral rating on the shares.
Terna price target lowered to EUR 8.15 from EUR 8.20 at Morgan Stanley
Morgan Stanley lowered the firm’s price target on Terna (TEZNY) to EUR 8.15 from EUR 8.20 and keeps an Underweight rating on the shares.
Terna price target raised to EUR 9 from EUR 8 at Berenberg
Berenberg raised the firm’s price target on Terna (TEZNY) to EUR 9 from EUR 8 and keeps a Hold rating on the shares.
Terna Earnings Call Transcript: Q3 2025
Revenues and EBITDA grew 9% and 7% year-over-year, with record CapEx and strong progress in grid development and renewables integration. Full-year 2025 guidance is confirmed, supported by robust financing and a stable regulatory environment.
Terna upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital upgraded Terna (TEZNY) to Outperform from Sector Perform with a price target of EUR 9.60, up from EUR 8.60. The firm believes the stock’s underperformance relative to Terna’s
Terna Earnings Call Transcript: Q2 2025
Strong H1 2025 results with 8% growth in revenue, EBITDA, and net income, record CapEx, and robust financing for major grid projects. Renewables and digitalization drive growth, while guidance for 2025 is confirmed.
Terna price target raised to EUR 8.95 from EUR 8.40 at UBS
UBS raised the firm’s price target on Terna (TEZNY) to EUR 8.95 from EUR 8.40 and keeps a Neutral rating on the shares. While earnings and dividend growth look “compelling,”
Terna upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Terna (TEZNY) to Buy from Hold with a price target of EUR 9.60, up from EUR 8.50. The firm feels confident in consensus earnings expectations for the
Terna price target raised to EUR 9.25 from EUR 7.85 at JPMorgan
JPMorgan raised the firm’s price target on Terna (TEZNY) to EUR 9.25 from EUR 7.85 and keeps a Neutral rating on the shares.
Terna price target raised to EUR 8.20 from EUR 8 at Morgan Stanley
Morgan Stanley analyst Sarah Lester raised the firm’s price target on Terna (TEZNY) to EUR 8.20 from EUR 8 and keeps an Underweight rating on the shares. Published first on
Terna Earnings Call Transcript: Q1 2025
Q1 2025 saw 5% revenue and 4% EBITDA growth, with net income up 3% and CapEx surging 16%. Ratings were upgraded, green financing expanded, and grid investments accelerated, supporting the energy transition and confirming all guidance targets.
Terna price target raised to EUR 8.50 from EUR 8.10 at Citi
Citi raised the firm’s price target on Terna (TEZNY) to EUR 8.50 from EUR 8.10 and keeps a Neutral rating on the shares.
Terna price target raised to EUR 8.50 from EUR 8.20 at Deutsche Bank
Deutsche Bank raised the firm’s price target on Terna (TEZNY) to EUR 8.50 from EUR 8.20 and keeps a Hold rating on the shares.
Terna price target raised to EUR 8 from EUR 7.60 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Terna (TEZNY) to EUR 8 from EUR 7.60 and keeps an Underweight rating on the shares.
Terna Earnings Call Transcript: Q4 2024
The updated 2024-2028 plan features record investments, double-digit growth in all key financials, and a reinforced focus on regulated activities and sustainability. Guidance is raised for revenues, EBITDA, and net income, with strong execution and risk mitigation strategies in place.
Terna price target lowered to EUR 8.20 from EUR 8.60 at Deutsche Bank
Deutsche Bank lowered the firm’s price target on Terna (TEZNY) to EUR 8.20 from EUR 8.60 and keeps a Hold rating on the shares. Having called time on the rally
Terna price target raised to EUR 8.10 from EUR 8 at RBC Capital
RBC Capital analyst Alexander Wheeler raised the firm’s price target on Terna (TEZNY) to EUR 8.10 from EUR 8 and keeps a Sector Perform rating on the shares. Published first
Terna initiated with a Hold at Stifel
Stifel initiated coverage of Terna (TEZNY) with a Hold rating and EUR 8.30 price target The firm says Snam offers much higher upside than Terna based on valuation. Terna shares
Terna price target lowered to EUR 8 from EUR 8.10 at RBC Capital
RBC Capital lowered the firm’s price target on Terna (TEZNY) to EUR 8 from EUR 8.10 and keeps a Sector Perform rating on the shares.
Terna Earnings Call Transcript: Q3 2024
Double-digit growth in revenue, EBITDA, and net income was driven by strong regulated activity, higher incentives, and increased Capex. 2024 guidance was raised for revenue, EBITDA, and EPS, with a major grid acquisition in Rome expected to be EPS accretive from year one.
Terna price target raised to EUR 8.10 from EUR 8 at Citi
Citi analyst Piotr Dzieciolowski raised the firm’s price target on Terna (TEZNY) to EUR 8.10 from EUR 8 and keeps a Neutral rating on the shares.