1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Enel S.p.A.
  6. News
  7. Summary
    ENEL   IT0003128367

ENEL S.P.A.

(ENEL)
  Report
Real-time Estimate Tradegate  -  01:07 2022-07-07 pm EDT
5.268 EUR   +1.78%
10:04aENEL S P A : and Intesa Sanpaolo, new agreement to foster sustainable supplier growth
PU
07/05ENEL S P A : informs about the purchase of treasury shares between June 27th and July 1st, 2022 serving its Long-Term Incentive Plan 2022
PU
06/29Manitex International Starts Deliveries on $15 Million Order for Aerial Work Platforms to Enel
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Enel eying U.S. market for grid business

05/16/2022 | 01:43pm EDT
FILE PHOTO: A logo of Italian multinational energy company Enel is seen in Milan

MILAN, May 16 (Reuters) - Italy's Enel is keeping an eye on the United States for the development of its power distribution grids business as it presses ahead with plans to expand its digital footprint.

"I personally would like to have a grid in the U.S. ... it makes sense for us," the group's head of global infrastructure and networks Antonio Cammisecra said on Monday.

Cammisecra said he would also like to have another network in central and northern Europe, but added there was nothing on the table at present.

Europe's biggest utility distributes electricity through a network of over 2.2 million kilometers to more than 75 million end users.

It has grids in eight countries and plans to invest 44% of the 170 billion euro spend earmarked to 2030 on networks to take its clients to 86 million.

Europe's big utilities are investing heavily to reinforce and digitize their grids for a future of clean energy, electric vehicles and mass electrification.

Speaking at a conference on the future of digital power networks, Cammisecra said the group's new grids services unit Gridspertise would focus on the U.S. market which could represent a "big opportunity" for the Italian utility.

Enel set up Gridspertise last year to offer digital grid services to power distributors to help them upgrade networks and manage increasing amounts of power generated from intermittent renewable energy sources.

Cammisecra dismissed the idea of a bourse listing for the unit and said the group was looking for a partner to take 50% of the business. He did not say how much the unit could be worth.

Enel also said it had launched the "Open Power Grids" association to bring together network operators, manufacturers, research institutes to share and develop standards and technologies to help meet net zero carbon emission requirements.

"We think partnership is crucial and that we cannot reach our goal alone," Enel Chief Executive Francesco Starace said.

(Editing by David Evans)


© Reuters 2022
All news about ENEL S.P.A.
10:04aENEL S P A : and Intesa Sanpaolo, new agreement to foster sustainable supplier growth
PU
07/05ENEL S P A : informs about the purchase of treasury shares between June 27th and July 1st,..
PU
06/29Manitex International Starts Deliveries on $15 Million Order for Aerial Work Platforms ..
MT
06/28ENEL S P A : informs about the purchase of treasury shares between June 20th and 24th, 202..
PU
06/28Bank of Italy head could leave post early - paper
RE
06/27Enel Launches New Global E-Mobility Business, Enel X Way
CI
06/24ENEL S P A : ABB chooses Enel X for its carbon neutrality strategy at the Frosinone plant
PU
06/22Enel Spa - We are leading the way by signing the EU Diversity Charter
AQ
06/22ENEL : Receives a Buy rating from Barclays
MD
06/21ENEL S P A : informs about the purchase of treasury shares on June 17th, 2022 serving its ..
PU
More news
Analyst Recommendations on ENEL S.P.A.
More recommendations
Financials
Sales 2022 86 657 M 88 219 M 88 219 M
Net income 2022 5 524 M 5 623 M 5 623 M
Net Debt 2022 56 378 M 57 394 M 57 394 M
P/E ratio 2022 9,56x
Yield 2022 7,73%
Capitalization 52 597 M 53 480 M 53 545 M
EV / Sales 2022 1,26x
EV / Sales 2023 1,30x
Nbr of Employees 66 867
Free-Float 76,4%
Chart ENEL S.P.A.
Duration : Period :
Enel S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENEL S.P.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 5,18 €
Average target price 8,05 €
Spread / Average Target 55,5%
EPS Revisions
Managers and Directors
Francesco Starace Head-Marketing Division
Alberto de Paoli CFO, Head-Administration, Finance & Control
Michele Alberto Fabiano Crisostomo Chairman
Francesco Venturini Head-Administration & Management Control
Anna Chiara Svelto Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ENEL S.P.A.-26.54%53 545
NEXTERA ENERGY-14.77%156 315
DUKE ENERGY CORPORATION2.55%82 826
SOUTHERN COMPANY3.27%75 939
IBERDROLA, S.A.-1.39%66 399
DOMINION ENERGY, INC.1.87%64 998