Equita lifts Iren to 'buy' on growth outlook, lower regulatory risk

Iren S.p.A.

12/05/2026 09:50

** Equita upgrades Italian utility Iren IREE.MI to "buy" from "hold" on expectations of significant growth and reduced exposure to regulatory risk

** "Although the trend in the first-quarter is essentially flat, the indications on full year seem encouraging," the brokerage says, adding it sees significant growth potential in the second half of 2026

** Equita also says Iren is now less exposed to regulatory risk, as current power price trends offsets interventions and the company's guidance includes IRAP effects

** It raises  its price target by 10% to 3.15 euros ($3.70), with the stock currently trading around 2.7 euros

** Of five analysts covering Iren, two rate the stock "buy" or "strong buy", while three rate it "hold", and none "sell"

($1 = 0.8513 euros)

 (Anna Uras)

 ((Anna.Uras@thomsonreuters.com))