Terna completes EUR 9 million buyback. Terna stock sits 12.78 percent below its high

Terna stock (ISIN IT0003242622) was trading at EUR 9.08 at Lang & Schwarz on October 7, 2026 at 9:47 a.m. CEST, down 0.22 percent versus the prior close of EUR 9.10. On October 5, 2026, MarketScreener reported that Terna completed its buyback for the 2026-2030 Performance Share Plan, purchasing 977,579 treasury shares for a total consideration of EUR 9.00 million.

Buyback reaches 977,579 shares

The completed program follows Terna's September 14 launch and leaves the company holding 4.4 million treasury shares, equal to 0.20 percent of share capital, according to MarketScreener. The program supports employee and management incentives rather than representing a large capital-return operation.

The earlier plan allowed spending of up to EUR 9.00 million for as many as 1.50 million shares and tied the incentive structure to environmental, social and governance objectives, Teleborsa reported on September 11, 2026. The final purchase count was 977,579 shares, below the authorized ceiling.

Revenue rose in fiscal 2025

Terna's latest full-year figures show revenue of EUR 4.033 billion in fiscal 2025, compared with EUR 3.680 billion in fiscal 2024. Operating income increased to EUR 1.790 billion from EUR 1.677 billion, while net income reached EUR 1.114 billion versus EUR 1.063 billion, according to Borsa Italiana.

That comparison gives investors a clearer operating backdrop for the buyback: fiscal 2025 revenue rose 9.60 percent from fiscal 2024, while operating income advanced 6.71 percent. Terna operates Italy's high-voltage and very-high-voltage electricity network, a business profile also detailed by Borsa Italiana.

Analyst target stays above EUR 9.08

The average 12-month analyst target for Terna is EUR 9.87, which places the target 8.70 percent above the Lang & Schwarz price of EUR 9.08. Investing.com lists a Neutral consensus from 20 analysts, including 5 Buy, 12 Hold and 3 Sell ratings.

The same overview lists a EUR 9.55 JPMorgan target dated September 16, 2026 and a EUR 10.90 Jefferies target dated August 3, 2026. The next earnings release is listed for November 11, 2026, giving the market a defined reporting date after the completed buyback.

Terna stock stays below its yearly high

Terna stock was trading at EUR 9.08 at Lang & Schwarz on October 7, 2026 at 9:47 a.m. CEST, down 0.22 percent versus the prior close of EUR 9.10. The price is 12.78 percent below the 52-week high of EUR 10.41 and above the 52-week low of EUR 8.53.

The further course of trading is shown by the continuously updated real-time quote of Terna stock.

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