ERG stock slips 1.03 percent as H1 EBITDA reaches EUR 295 million

ERG stock stood at EUR 23.06 on Borsa Italiana on September 23, 2026, down 1.03 percent from the previous close. The renewable energy group enters the market discussion with H1 2026 EBITDA of EUR 295 million, up 9 percent year over year.

EBITDA reaches EUR 295 million

According to Quartr, ERG generated H1 2026 EBITDA of EUR 295 million, compared with the prior-year period at EUR 271 million. The EBITDA margin reached 72 percent, while net profit came to EUR 83 million.

The operating profile matters because ERG is shifting capital toward wind, solar and battery storage. The company operates in eight European countries and the United States, with onshore wind as its core business, according to its ERG investor-relations page.

Guidance keeps the range visible

ERG confirmed adjusted EBITDA guidance of EUR 520 million to EUR 590 million for 2026, alongside capital expenditure guidance of EUR 330 million to EUR 380 million. H1 EBITDA of EUR 295 million represents 50.0 percent of the midpoint of that annual range, giving the first-half result a clear role in the full-year framework.

The guidance range also shows why the stock reaction is less decisive than the operating figures. Wind conditions, project timing and asset rotation can affect the path from reported EBITDA to the final annual result, while the company continues to expand its renewable portfolio.

BofA raises the price target

MarketScreener reports that BofA upgraded ERG from underperform to neutral and raised its price target from EUR 19.00 to EUR 23.00. The revised target is EUR 0.06 below the September 23 share price, making the operating delivery and the 2026 guidance more important reference points than the target change itself.

ERG stock stays near EUR 23

ERG stock stood at EUR 23.06 on Borsa Italiana on September 23, 2026. The daily change was minus 1.03 percent, while the 52-week range was EUR 20.40 to EUR 26.18, leaving the price EUR 3.12 below the yearly high.