Overview
Terna S.p.A. is an Italian multinational company headquartered in Rome, Italy, and operates predominantly in the energy sector. It specializes primarily in electricity transmission and serves as the national grid operator for the Italian electricity system. As a pivotal entity in European electricity networks, Terna plays a crucial role in managing and expanding the transmission network, ensuring reliability and efficiency in electricity supply across the region. Key projects include the Tyrrhenian Link, which aims to connect Sardinia, Sicily, and the Italian Peninsula, enhancing grid stability and integration of renewable energy sources. Terna also focuses on sustainable energy projects, underlined by its commitment to reducing CO2 emissions and transitioning towards renewable energy sources, aligning with broader European energy policies.
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Basic Stats
The share price of Terna S.p.A. as of 23 September 2026 is / share. This is a decrease of -0.36% from the prior week. The market cap (or net worth) of Terna S.p.A. as of 23 September 2026 is MM.
The Factor Analysis chart (below right) shows a view of Terna S.p.A. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
Market & Dividend
| Market Cap | 18,516.39 MM |
| EV | 32,136.85 MM |
| Shares Out. | 2,006.54 MM |
| EPS (TTM) | 0.56 |
| Dividend Yield | 729.52 % |
| Ex-Dividend Date | 2026-06-22 |
Valuation & Profitability
| PE Ratio | 16.94 |
| Price/Book | 2.18 |
| ROA | 0.04 |
| ROE | 0.15 |
| ROIC | 0.05 |
| CROIC | -0.02 |
Shorts & Options
| Short Float | |
| Short Interest | |
| Days to Cover | |
| Borrow Rate | |
| Implied Volatility | |
| Put/Call OI Ratio |
Risk & Price
| Beta | -0.06 |
| Volatility (1 yr) | 0.17 |
| Sharpe Ratio (1 yr) | 0.21 |
| Price Change (1 yr) (1Y) | 8.54 % |
| Risk Free Rate | 4.96 % |
Fintel Scores
| Quality Score | 78.10 |
| Value Score | 71.35 |
| Momentum Score | 39.18 |
| Growth | 76.96 |
| Piotroski F-SCORE | 7.00 |
Ownership
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Analyst Sentiment | 28.85 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Terna S.p.A. is €10.14. The forecasts range from a low of to a high of €11.79. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Terna S.p.A.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-20 | EQUITA SIM | Hold | Hold | Maintains |
| 2023-11-27 | HSBC | Hold | Hold | Maintains |
| 2023-11-10 | BANCO SANTANDER | Neutral | Neutral | Maintains |
| 2023-11-09 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2023-11-06 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2023-08-28 | HSBC | Hold | Hold | Maintains |
| 2023-08-27 | HSBC | Hold | Hold | Maintains |
| 2023-08-04 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2023-08-04 | EQUITA SIM | Hold | Hold | Maintains |
| 2023-08-03 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2023-08-03 | EQUITA SIM | Hold | Hold | Maintains |
| 2023-05-22 | HSBC | Hold | Hold | Maintains |
| 2023-05-21 | HSBC | Hold | Hold | Maintains |
| 2023-05-08 | EQUITA SIM | Buy | Hold | Downgrade |
| 2023-05-08 | BANCO SANTANDER | Outperform | Neutral | Downgrade |
| 2023-05-07 | EQUITA SIM | Buy | Hold | Downgrade |
| 2023-05-07 | BANCO SANTANDER | Outperform | Neutral | Downgrade |
| 2023-05-04 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Hold | Downgrade |
| 2023-05-03 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Hold | Downgrade |
| 2021-10-19 | BANCO SANTANDER | Buy | Buy | Maintains |
| 2021-02-08 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2021-02-07 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2020-11-23 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2020-11-22 | CREDIT SUISSE - EUROPE | Neutral | Neutral | Maintains |
| 2023-05-02 | EQUITA SIM | Buy | Buy | Maintains |
| 2023-05-01 | EQUITA SIM | Buy | Buy | Maintains |
| 2023-04-28 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-04-27 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-04-14 | BANCO SANTANDER | Outperform | Neutral | Downgrade |
| 2023-04-03 | CREDIT SUISSE - EUROPE | Neutral | Underperform | Downgrade |
| 2023-03-29 | SOCIETE GENERALE | Hold | Buy | Upgrade |
| 2023-03-28 | SOCIETE GENERALE | Hold | Buy | Upgrade |
| 2023-03-27 | HSBC | Hold | Hold | Maintains |
| 2023-03-23 | EQUITA SIM | Buy | Buy | Maintains |
| 2023-03-17 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Hold | Downgrade |
| 2023-01-03 | BERENBERG | Hold | Hold | Maintains |
| 2023-01-02 | BERENBERG | Hold | Hold | Maintains |
| 2022-11-10 | BANCO SANTANDER | Buy | Outperform | Maintains |
| 2022-11-09 | BANCO SANTANDER | Buy | Outperform | Maintains |
| 2022-08-24 | BNP PARIBAS EXANE | Underperform | Underperform | Maintains |
| 2022-08-23 | BNP PARIBAS EXANE | Underperform | Underperform | Maintains |
| 2022-07-29 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2022-07-28 | INTESA SANPAOLO EQUITY RESEARCH | Buy | Buy | Maintains |
| 2022-05-11 | EQUITA SIM | Buy | Buy | Maintains |
| 2022-05-10 | EQUITA SIM | Buy | Buy | Maintains |
| 2022-05-03 | SOCIETE GENERALE | Buy | Hold | Downgrade |
| 2022-05-02 | SOCIETE GENERALE | Buy | Hold | Downgrade |
| 2022-03-24 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2022-03-23 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2022-03-18 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2022-03-17 | STIFEL EUROPE | Buy | Buy | Maintains |
| 2021-10-20 | BANCO SANTANDER | Buy | Buy | Maintains |
| 2024-08-04 | EQUITA SIM | Hold | Buy | Upgrade |
| 2023-12-19 | EQUITA SIM | Hold | Hold | Maintains |
| 2023-11-26 | HSBC | Hold | Hold | Maintains |
| 2023-11-09 | BANCO SANTANDER | Neutral | Neutral | Maintains |
| 2023-11-08 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2023-11-05 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2024-07-23 | BNP PARIBAS EXANE | Underperform | Neutral | Upgrade |
| 2024-07-22 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2024-07-02 | BERENBERG | Hold | Hold | Maintains |
| 2024-06-12 | BANCO SANTANDER | Neutral | Outperform | Upgrade |
| 2024-05-26 | HSBC | Hold | Buy | Upgrade |
| 2024-03-24 | HSBC | Hold | Hold | Maintains |
| 2024-03-19 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2024-03-19 | BANCO SANTANDER | Neutral | Neutral | Maintains |
| 2024-03-18 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-03-31 | BERENBERG | Hold | Hold | Maintains |
| 2025-03-31 | EQUITA SIM | Buy | Hold | Downgrade |
| 2025-03-27 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2025-03-25 | STIFEL EUROPE | Buy | Hold | Downgrade |
| 2025-03-23 | HSBC | Buy | Buy | Maintains |
| 2025-01-16 | EQUITA SIM | Buy | Buy | Maintains |
| 2024-11-24 | HSBC | Buy | Buy | Maintains |
| 2024-11-13 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2024-11-12 | EQUITA SIM | Buy | Buy | Maintains |
| 2024-11-11 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2024-10-31 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2024-10-01 | BERENBERG | Hold | Hold | Maintains |
| 2025-06-30 | BERENBERG | Hold | Hold | Maintains |
| 2025-06-02 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-05-25 | HSBC | Buy | Buy | Maintains |
| 2025-03-27 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2025-08-25 | HSBC GLOBAL INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-08-08 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Underperform | Downgrade |
| 2025-07-30 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2025-07-29 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-07-01 | BERENBERG | Hold | Hold | Maintains |
| 2025-06-03 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-05-26 | HSBC | Buy | Buy | Maintains |
| 2025-04-01 | BERENBERG | Hold | Hold | Maintains |
| 2025-04-01 | EQUITA SIM | Buy | Hold | Downgrade |
| 2025-03-28 | STIFEL EUROPE | Hold | Hold | Maintains |
| 2025-03-28 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2025-03-26 | STIFEL EUROPE | Buy | Hold | Downgrade |
| 2025-03-24 | HSBC | Buy | Buy | Maintains |
| 2024-11-12 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2024-11-01 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2024-10-02 | BERENBERG | Hold | Hold | Maintains |
| 2024-08-05 | EQUITA SIM | Hold | Buy | Upgrade |
| 2024-07-24 | BNP PARIBAS EXANE | Underperform | Neutral | Upgrade |
| 2024-07-23 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Hold | Maintains |
| 2024-07-03 | BERENBERG | Hold | Hold | Maintains |
| 2024-06-13 | BANCO SANTANDER | Neutral | Outperform | Upgrade |
| 2024-05-27 | HSBC | Hold | Buy | Upgrade |
| 2024-03-25 | HSBC | Hold | Hold | Maintains |
| 2024-03-20 | SOCIETE GENERALE | Buy | Buy | Maintains |
| 2024-03-20 | BANCO SANTANDER | Neutral | Neutral | Maintains |
| 2024-03-19 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-01-17 | EQUITA SIM | Buy | Buy | Maintains |
| 2024-11-25 | HSBC | Buy | Buy | Maintains |
| 2024-11-14 | BNP PARIBAS EXANE | Neutral | Neutral | Maintains |
| 2024-11-13 | EQUITA SIM | Buy | Buy | Maintains |
| 2026-01-23 | JEFFERIES | Hold | Hold | Maintains |
| 2026-01-13 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-12-06 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2025-11-28 | BERENBERG | Hold | Hold | Maintains |
| 2025-11-26 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-11-25 | HSBC GLOBAL INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2026-06-30 | INTESA SANPAOLO EQUITY RESEARCH | Underperform | Neutral | Upgrade |
| 2026-06-15 | BERENBERG | Hold | Hold | Maintains |
| 2026-05-24 | HSBC GLOBAL INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2026-05-07 | EQUITA SIM | Hold | Hold | Maintains |
| 2026-05-07 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2026-05-06 | JEFFERIES | Hold | Hold | Maintains |
| 2026-01-22 | JEFFERIES | Hold | Hold | Maintains |
| 2026-01-12 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-12-05 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2025-11-27 | BERENBERG | Hold | Hold | Maintains |
| 2025-11-25 | EQUITA SIM | Hold | Hold | Maintains |
| 2025-11-24 | HSBC GLOBAL INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-08-24 | HSBC GLOBAL INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2025-08-07 | INTESA SANPAOLO EQUITY RESEARCH | Hold | Underperform | Downgrade |
| 2025-07-29 | BANCO SANTANDER | Outperform | Outperform | Maintains |
| 2025-07-28 | EQUITA SIM | Hold | Hold | Maintains |
