Terna S.p.A. Analysis (April 2026) | Price Development & Price Target

Terna S.p.A.

BIT:TRN

€ 10,03

€0,00 (0,00%)

10,03 €

€0,00 (0,00%)

End-of-day quote: 04/03/2026

Terna S.p.A. Stock Value

The analyst rating for BIT:TRN is currently Hold.

Hold

Terna S.p.A. Company Info

EPS Growth 5Y

6,47%

Market Cap

€20,13 B

Long-Term Debt

€13,00 B

Quarterly earnings

05/15/2026 (E)

Dividend

€0,40

Dividend Yield

3,95%

Founded

1962

Industry

Utilities

Country

Italy

Website

Terna S.p.A.

ISIN Number

IT0003242622

Website

http://www.terna.it

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

€9,65

-3.79%

Last Update: 04/04/2026

Analysts: 20

Highest Price Target €10,90

Average Price Target €9,65

Lowest Price Target €8,15

In the last five quarters, Terna S.p.A.’s Price Target has risen from €7,20 to €8,32 - a 15,56% increase. Nine analysts predict that Terna S.p.A.’s share price will fall in the coming year, reaching €9,65. This would represent a decrease of -3,79%.

Top growth stocks in the utilities sector (5Y.)

What does Terna S.p.A. do?

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. Business Segments The company operates through several distinct segments focused on electricity transmission, infrastructure development, and energy services. Electricity Transmission Network The electricity transmission network covers more than 74,000 kilometers of power lines. This expansive grid is central to Italy’s energy lan...

Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Business Segments

The company operates through several distinct segments focused on electricity transmission, infrastructure development, and energy services.

Electricity Transmission Network

The electricity transmission network covers more than 74,000 kilometers of power lines. This expansive grid is central to Italy’s energy landscape, connecting generation plants, including renewable sources, to consumers.

Development and Upgrading of Transmission Infrastructures

This segment includes substations, transformers, and interconnections with neighboring countries, enabling efficient and reliable electricity flow. This segment engages in the development and upgrading of transmission infrastructures to support Italy’s energy transition plans. This includes investments in new technology that enhance the efficiency and capacity of existing lines and facilities. The company's efforts also extend to digitalization initiatives that aim to modernize the grid, enabling smart grids and enhanced monitoring technology for real-time management of electricity flow.

Ancillary Services

This segment offers ancillary services necessary for the balancing and security of the electricity system. These include services to ensure that demand and supply remain in equilibrium, safeguarding the stability of the power grid. The company also plays a role in promoting energy efficiency and supporting projects that leverage renewable energy sources, contributing to a more sustainable energy future.

Business Strategy

The company’s strategy is centered around the promotion of sustainability in the energy sector. By continuously investing in infrastructure and technology, the company aims to enhance the reliability and efficiency of the electricity grid while supporting the integration of renewable energy sources.

In executing its business strategy, the company recognizes the importance of engaging with stakeholders, including local communities and customers. The company actively involves stakeholders in the decision-making processes pertaining to infrastructure development, ensuring transparency and community support for projects. This collaborative approach aligns with the company’s aim of fostering a socially responsible and sustainable energy sector.

Furthermore, the company’s strategic focus extends to digital innovation as a key driver for future growth. The adoption of smart technology and data analytics is integral to the company's operational framework, facilitating enhanced grid management and improved service delivery. The aim is to create a more resilient energy system capable of responding dynamically to changing energy demands and integrating emerging technologies.

Products and Services

The company provides a comprehensive range of products and services essential for the effective transmission and management of electricity.

Electricity Transmission

The company offers operation of its high-voltage electricity transmission network. This service is crucial for ensuring that electricity generated from diverse sources—including renewables—reaches consumers safely and reliably.

Ancillary Services

the company also offers ancillary services that contribute to the stability and efficiency of the electricity grid. These services include frequency regulation, voltage control, and reserves to balance supply and demand. Such offerings ensure that the power system operates smoothly, even during peak demand periods.

Project Development Services

The company engages in project development services, which include planning and executing new infrastructure projects. This encompasses environmental impact assessments, stakeholder engagement, and compliance with regulations, which are critical aspects of the project lifecycle.

Consultancy Services

The company is involved in consultancy services for energy management and efficiency, assisting other organizations in optimizing their energy use and improving sustainability.

Geographical Markets Served

The company primarily serves the Italian market, where it operates the national electricity transmission grid. This strategic focus on regional interconnections illustrates the company’s ambition to play a significant role in fostering greater energy cooperation in Europe.

Seasonality

The company’s operations are inherently influenced by seasonality, particularly in the demand for electricity, which fluctuates with seasonal weather conditions. The demand typically peaks during summer months when cooling requirements increase, as well as during winter due to heating needs. The company’s ability to manage these seasonal variations is critical, necessitating ongoing monitoring of consumption patterns and grid capacity.

Customers

The company serves a diverse set of customers, which includes residential, commercial, and industrial users of electricity across Italy.

Sales and Marketing

The company employs a multi-faceted approach to sales and marketing that centers around its established reputation as a leader in energy transmission. The company communicates its sustainability initiatives and reliability of services through various channels including digital platforms, stakeholder engagement, and community outreach activities. Distribution channels are primarily based on the transmission of electricity through its established grid infrastructure, ensuring that power reaches all parts of the country seamlessly.

History

Terna S.p.A. was founded in 1962.

Terna S.p.A. Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Energy transmission:** approx. 85% **Regulated services:** approx. 10% **Non-regulated services:** approx. 5% **Italy:** approx. 90% **Germany:** approx. 5% **France:** approx. 3% Terna S.p.A. generates the majority of its revenues from energy transmission, which forms the core of it...

At which locations are the company’s products manufactured?

**Production Sites:** No specific production sites, as Terna S.p.A. does not manufacture physical products. Terna S.p.A. is an Italian company specializing in the operation and maintenance of the national electricity transmission network. As the network operator, Terna does not produce physical pro...

What strategy does Terna S.p.A. pursue for future growth?

**Investments in Renewable Energies:** €10 billion by 2030 **Expansion of the Power Grid:** 5,000 km of new lines by 2030 Terna S.p.A. is pursuing a growth strategy that is strongly focused on the integration and promotion of renewable energies. The company plans to invest around €10 billion by...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Copper, Aluminum, Steel **Countries of Origin:** - **Copper:** Chile, Peru - **Aluminum:** Russia, Canada - **Steel:** China, Germany Terna S.p.A., as the leading operator of the electricity transmission network in Italy, requires a variety of raw materials for the...

How strong is the company’s competitive advantage?

**Market share in Italy:** approximately 90% (2024) **EBITDA margin:** 73% (2024) **Network length:** over 74,000 km (2024) Terna S.p.A. is the leading transmission system operator in Italy and holds a significant competitive advantage due to its almost monopolistic position in the Italian el...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 55% (2025, estimated) **Insider Buys/Sells:** No significant transactions reported (2025, estimated) The institutional investor share in Terna S.p.A. is around 55%, which is typical for large publicly traded companies. Institutional investors such as...

What percentage market share does Terna S.p.A. have?

**Market share of Terna S.p.A.:** 35% (2025, estimated) **Main competitors and their market shares:** 1. **Enel S.p.A.:** 25% 2. **Iberdrola S.A.:** 15% 3. **National Grid plc:** 10% 4. **RTE (Réseau de Transport d'Électricité):** 8% 5. **Red Eléctrica de España:** 7% Terna S.p.A. is a leadin...

Is Terna S.p.A. stock currently a good investment?

**Revenue Growth:** 4.5% (2024) **EBITDA Margin:** 74.6% (2024) **Net Investments:** 1.5 billion euros (2024) Terna S.p.A. recorded a revenue growth of 4.5% in 2024, attributed to the continuous expansion and modernization of the electricity transmission network. The EBITDA margin of 74.6% demonstr...

Does Terna S.p.A. pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (estimated for 2025) **Dividend History:** Steady payout over the last 5 years Terna S.p.A. is known for its reliable dividend policy. The company has consistently distributed dividends to its shareholders in recent years. The estimated dividend yield for 2025 is around 4...

New support ticket

Explore

Terna S.p.A. Stock Value

Terna S.p.A. Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Terna S.p.A. do?

Terna S.p.A. Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Terna S.p.A. Stock Value

Terna S.p.A. Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Terna S.p.A. do?

Terna S.p.A. Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.