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ERG S.p.A. (ERG.MI)
EUR22.96
-0.24 (-1.03%)
IT MIL Utilities Renewable Utilities
Address
Torre WTC 16149
Genoa, GE, IT
Genoa, GE, IT
CEO
Paolo Luigi Merli
Website
erg.eu
IPO
1998-07-10
ISIN IT0001157020
Description
Operating through its numerous subsidiaries, ERG S.p.A. is an energy company primarily dedicated to generating power from renewable resources. Its geographical footprint extends across Italy, France, Germany, Poland, Bulgaria, and Romania. The firm produces electricity from a range of sources, encompassing wind, solar, and hydroelectric power stations, in addition to thermoelectric and natural gas cogeneration facilities. On December 31, 2021, the company's installed capacities were recorded as follows: 2,198 MW for wind, 220 MW for solar, 527 MW for hydroelectric, and 480 MW for thermoelectric power. Established in 1938, ERG S.p.A. has its corporate headquarters in Genoa, Italy, and functions as a subsidiary of San Quirico S.p.A.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR22.96
-0.24 (-1.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
283.8K
Beta
0.70
Float Shares
49.66M
Free Float %
34.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.21% | -0.86% | -0.17% | -8.02% | +4.65% | +1.77% | +23.33% | -11.50% | -7.87% | +106.85% | +508.49% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
22.96
DCF (Unlevered)
44.75
+94.9%
DCF (Levered)
9.66
-57.9%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
11% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 6 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 1 | 0 |
Quality scores
Altman Z-Score
1.15
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Renewable Utilities: +1.3%+0.8% Q4'25: -2.5% (vs Q4'23)
-
EPS growth Renewable Utilities: +6.7%-64.8% Q4'25: -111.4% (vs Q4'23)
-
FCF margin FCF growth · Renewable Utilities: +50.4%+19.5% Q4'25: +35.2% (vs Q4'23)
-
EBIT margin Renewable Utilities: +22.3%+16.3% Q4'25: +30.8% (vs Q4'23)
-
ROIC Renewable Utilities: +3.5%+2.2% Q4'25: +7.4% (vs Q4'23)
-
Share dilution Renewable Utilities: +0.0%-0.6% ★ Q4'25: -0.9% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Renewable Utilities: 3.24×5.53× Q4'25: 2.00× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 8 Rev. Ana. 6 EPS Ana. |
Dec 2027 7 Rev. Ana. 6 EPS Ana. |
Dec 2028 5 Rev. Ana. 4 EPS Ana. |
Dec 2029 2 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
921.03M
est: 870.30M (+5.8%)
|
1.03B
est: 1.04B (-1.7%)
|
1.05B
est: 1.03B (+2.5%)
|
1.02B
est: 1.11B (-7.6%)
|
1.02B
est: 1.04B (-1.5%)
|
973.70M
est: 1.03B (-5.1%)
|
601.41M
est: 1.13B (-46.8%)
|
713.84M
est: 744.69M (-4.1%)
|
740.94M
est: 757.26M (-2.2%)
|
738.06M
est: 764.20M (-3.4%)
|
744.00M
est: 819.51M (-9.2%)
|
823.84M
749.65M – 904.65M
+0.5% YoY
|
842.05M
737.03M – 906.56M
+2.2% YoY
|
865.88M
859.59M – 872.16M
+2.8% YoY
|
931.13M
830.93M – 1.01B
+7.5% YoY
|
| EBITDA |
224.85M
est: 549.51M (-59.1%)
|
449.45M
est: 658.55M (-31.8%)
|
443.83M
est: 648.76M (-31.6%)
|
473.74M
est: 699.68M (-32.3%)
|
457.81M
est: 655.00M (-30.1%)
|
389.70M
est: 647.89M (-39.9%)
|
375.92M
est: 714.43M (-47.4%)
|
462.82M
est: 470.20M (-1.6%)
|
563.03M
est: 523.14M (+7.6%)
|
534.00M
est: 527.93M (+1.1%)
|
475.00M
est: 566.14M (-16.1%)
|
569.14M
517.89M – 624.97M
+0.5% YoY
|
581.72M
509.16M – 626.28M
+2.2% YoY
|
598.18M
593.84M – 602.52M
+2.8% YoY
|
643.26M
574.04M – 699.36M
+7.5% YoY
|
| EBIT |
61.82M
est: 272.31M (-77.3%)
|
168.33M
est: 326.35M (-48.4%)
|
192.89M
est: 321.49M (-40.0%)
|
199.67M
est: 346.73M (-42.4%)
|
152.52M
est: 324.59M (-53.0%)
|
141.89M
est: 321.06M (-55.8%)
|
169.63M
est: 354.04M (-52.1%)
|
227.39M
est: 233.01M (-2.4%)
|
339.24M
est: 239.50M (+41.6%)
|
267.00M
est: 241.70M (+10.5%)
|
121.00M
est: 259.19M (-53.3%)
|
260.56M
237.10M – 286.12M
+0.5% YoY
|
266.32M
233.10M – 286.72M
+2.2% YoY
|
273.86M
271.87M – 275.85M
+2.8% YoY
|
294.49M
262.81M – 320.18M
+7.5% YoY
|
| Net Income |
20.63M
est: 92.67M (-77.7%)
|
122.46M
est: 100.76M (+21.5%)
|
206.82M
est: 124.34M (+66.3%)
|
132.63M
est: 117.53M (+12.8%)
|
31.55M
est: 98.78M (-68.1%)
|
107.89M
est: 103.24M (+4.5%)
|
172.90M
est: 174.76M (-1.1%)
|
378.94M
est: 212.00M (+78.7%)
|
178.67M
est: 227.80M (-21.6%)
|
175.00M
est: 186.57M (-6.2%)
|
65.00M
est: 166.10M (-60.9%)
|
170.42M
157.29M – 183.21M
+2.6% YoY
|
172.63M
146.43M – 202.02M
+1.3% YoY
|
184.42M
128.59M – 199.70M
+6.8% YoY
|
259.78M
223.44M – 289.23M
+40.9% YoY
|
| SGA |
118.70M
est: 121.38M (-2.2%)
|
177.02M
est: 145.47M (+21.7%)
|
118.51M
est: 143.30M (-17.3%)
|
115.51M
est: 154.55M (-25.3%)
|
91.55M
est: 144.68M (-36.7%)
|
109.55M
est: 143.11M (-23.4%)
|
136.73M
est: 157.81M (-13.4%)
|
141.03M
est: 103.86M (+35.8%)
|
53.23M
est: 88.57M (-39.9%)
|
65.02M
est: 89.39M (-27.3%)
|
—
est: 95.86M (-100.0%)
|
96.36M
87.68M – 105.81M
+0.5% YoY
|
98.49M
86.21M – 106.04M
+2.2% YoY
|
101.28M
100.54M – 102.01M
+2.8% YoY
|
108.91M
97.19M – 118.41M
+7.5% YoY
|
| EPS |
0.14
est: 0.63 (-77.9%)
|
0.85
est: 0.69 (+23.4%)
|
1.39
est: 0.85 (+63.5%)
|
0.89
est: 0.80 (+10.7%)
|
0.21
est: 0.68 (-68.9%)
|
0.72
est: 0.71 (+2.0%)
|
1.16
est: 1.20 (-2.9%)
|
2.53
est: 1.43 (+77.4%)
|
1.20
est: 1.54 (-22.2%)
|
1.28
est: 1.30 (-1.6%)
|
0.45
est: 1.16 (-61.1%)
|
1.15
1.08 – 1.26
-0.5% YoY
|
1.15
1.01 – 1.39
+0.1% YoY
|
1.20
0.88 – 1.37
+3.8% YoY
|
1.79
1.54 – 1.99
+49.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | C+ | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-28 | C+ | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-27 | C+ | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-26 | C+ | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-25 | C+ | 2/5 | 3/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-22 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-21 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-20 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-19 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-18 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-15 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-14 | B- | 2/5 | 4/5 | 2/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-13 | C+ | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-12 | C+ | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-11 | C+ | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-08 | B- | 2/5 | 4/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-07 | B- | 2/5 | 4/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-06 | B- | 2/5 | 4/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-05 | B- | 2/5 | 4/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-04 | B- | 2/5 | 4/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-30 | B- | 2/5 | 4/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-29 | C+ | 2/5 | 3/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-28 | C+ | 2/5 | 3/5 | 1/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-27 | B- | 2/5 | 3/5 | 1/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-24 | B- | 2/5 | 3/5 | 1/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-23 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-22 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-21 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-20 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-17 | B- | 2/5 | 3/5 | 1/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-16 | B- | 2/5 | 3/5 | 1/5 | 4/5 | 2/5 | 1/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
1.16B
OE per share TTM
7.90
Owner's Yield
34.82%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
322.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 108 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X - Renewable Energy Producers UCITS ETF RNRG.L | 4.43% | 502.9K | 0.50% |
| 2 | Global X - Renewable Energy Producers ETF RNRG | 3.21% | 970.9K | 0.65% |
| 3 | State Street SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) EUDV.L | 1.57% | 30.34M | 0.30% |
| 4 | Fidelity Clean Energy ETF FRNW | 1.53% | 2.35M | 0.39% |
| 5 | Amundi S&P Eurozone Dividend Aristocrat Screened UCITS ETF Acc EDIV.L | 1.07% | 484.5K | 0.30% |
| 6 | UBS S&P Dividend Aristocrats ESG Elite UCITS ETF USD dis UBUM.DE | 1.05% | 2.16M | 0.30% |
| 7 | Invesco Global Clean Energy UCITS ETF GCED.L | 1.03% | 1.43M | 0.60% |
| 8 | Invesco Global Clean Energy UCITS ETF GCLE.L | 1.03% | 1.43M | 0.60% |
| 9 | WisdomTree Renewable Energy UCITS ETF - USD Acc WRNW.MI | 0.88% | 381.6K | 0.45% |
| 10 | State Street SPDR S&P Global Dividend Aristocrats UCITS ETF GLDV.L | 0.77% | 12.59M | 0.45% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
183.3K
Shares Outstanding
145.35M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Paolo Luigi Merli | Chief Executive Officer & Director | 2M | male |
| Alessandro Garrone | Executive Deputy Chairman | 1M | male |
| Edoardo Garrone | Founder & Executive Chairman | 710.0K | male |
| Gabriello Maggini | Chief Audit Officer | — | — |
| Giorgio Coraggioso | Chief Human Capital & ICT Officer | — | male |
| Giovanni Marco Scollo | Head of Corporate Affairs & Secretary | — | — |
| Michele Pedemonte | Chief Financial Officer | — | male |
| Renato Sturani | Chief Operating Officer | — | male |
| Andrea Navarra | General Counsel | — | male |
| Emanuela Delucchi | Chief ESG, IR & Communication Officer | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for ERG.MI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
