ERG stock trades at EUR 22.78 after Polish power deal

Published on 09/30/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ERG stock stood at EUR 22.78 on September 30, 2026, up 0.80 percent from EUR 22.60. A Polish PPA covers 164 GWh annually, while EBITDA reached EUR 295 million.

Windturbinen auf grünen Hügeln in Italien, ERG S.p.A. Erneuerbare Energien Symbolbild — Fotorealistischer Windpark auf italienischen Hügeln symbolisiert ERG S.p.A. IT0001157020 im Bereich erneuerbare Energien heute, Illustration mit AI erstellt.

ERG stock (ISIN IT0001157020) was trading at EUR 22.78 at Lang & Schwarz on September 30, 2026 at 1:33 p.m. CEST, up 0.80 percent versus the prior close of EUR 22.60 on September 29, 2026. The market value sits alongside a new long-term contract designed to improve revenue visibility from the company's Polish wind assets.

Polish PPA covers 820 GWh

According to ERG on September 25, 2026, the group signed a five-year power purchase agreement with Glencore Energy Europe for electricity from three Polish wind farms.

The contract starts on January 1, 2027 and covers 164 GWh of renewable electricity per year, or 820 GWh over the full term. The volume represents 70 percent of the expected output from the Radziejów, Slupia and Szydlowo facilities, giving ERG a contracted route for a substantial part of their production.

Guidance remains in view

ERG's investor presentation reported by Quartr on September 2, 2026 showed first-half adjusted EBITDA of EUR 295 million, up 9 percent, with net profit of EUR 83 million. The same presentation retained 2026 adjusted EBITDA guidance of EUR 520 million to EUR 590 million.

That guidance implies a second-half adjusted EBITDA range of EUR 225 million to EUR 295 million after the EUR 295 million first-half result. The contract therefore supports the commercial side of the plan, while execution, wind conditions and project delivery remain important to the full-year outcome.

Milano Finanza reported on September 25, 2026 that the agreement is part of ERG's strategy to raise the share of generation covered by long-term contracts. The report also cited 2026 capital expenditure guidance of EUR 330 million to EUR 380 million and adjusted net financial position guidance of EUR 1.95 billion to EUR 2.05 billion.

Stock remains below yearly high

ERG's market capitalization was EUR 3.3 billion as of September 30, 2026. Its 52-week range was EUR 16.72 to EUR 26.18, placing the Lang & Schwarz price below the year's high while the daily move remained below the 1.00 percent threshold for a directional headline.

ERG was trading at EUR 22.78 at Lang & Schwarz on September 30, 2026 at 1:33 p.m. CEST, up 0.80 percent versus the EUR 22.60 prior close on September 29, 2026. The company is listed on Borsa Italiana under ticker ERG.MI.