Societatea Energetica Electrica (EL) is a leading energy utility company in Romania, engaged in electricity distribution and supply services. It maintains a significant presence in the Romanian energy sector and is a key company listed on the Bucharest Stock Exchange (BVB). In 2026, Electrica offers a mix of income and value opportunities amid sector challenges and evolving market dynamics.
With NAGA, you can buy Electrica shares (EL) with 0% commission (*T&Cs apply) for dividend income and capital appreciation.
Why Invest in Electrica Stock (BVB: EL) – Key Takeaways
- Attractive valuation: Electrica’s stock is trading below analyst’s estimate of fair value (RON33.85) by more than 20%, with a price-to-earnings ratio that stands at 11.4x, slightly above the peer average of 10.7x, but below to the European Electric Utilities industry average (13.1x).
- Solid financial performance: In the first half of 2025, Electrica reported a 63.1% increase in EBITDA to 1.0027 billion RON and a 312.9% surge in net profit to 421.4 million RON compared to the same period in 2024. This was driven by higher revenues and improved operational efficiency in both distribution and supply segments, indicating robust earnings growth momentum.
- Financial position: Electrica shows a stable market cap of around RON8.0 billion, with expected EBITDA growth and proposed dividend increases despite profit pressures.
- Investment empowerment: Buy EL shares to potentially benefit from capital appreciation and shareholder rights.
Alternatively, you can copy the moves of top performing traders in real-time with NAGA Autocopy.
Overview of Electrica Stock (BVB: EL)
Founded decades ago, Societatea Energetică Electrica SA is one of Romania’s primary electric utilities companies, focusing on electricity distribution and supply to millions of consumers. The company plays a vital role in Romania’s energy infrastructure and ongoing transition efforts.
Electrica S.A. is included in the BET Index, which tracks the performance of the most liquid Romanian companies. This underscores company’s importance in Romania’s capital markets and its appeal to both domestic and international investors.
- Ticker: EL (Bucharest Stock Exchange)
- Ownership: Institutional and diverse shareholders
- Public float: Significant portion freely traded
- Sector: Utilities – Electric Power Distribution
- Market Cap: Approximately RON 8 billion
Due to the strong state support and company’s strategic moves, Electrica stock (BVB: EL) remains one of the top 10 Romanian stocks for 2026 and beyond.
Electrica Stock Analysis and Forecasting
Electrica stock (BVB: EL) may be attracting for stock investors for several reasons, including:
Valuation
Electrica trades at a price-to-earnings ratio of 11.4x, slightly more expensive than the peer average of 10.7x. Compared to the European electric utilities industry average PE of 13.1x, Electrica offers reasonable valuation. Its price trades about 29% below estimated fair value (RON 33.85), suggesting potential upside if fundamentals improve.
Earnings and Growth Potential
Earnings are forecasted to decline by an average of 8.2% per year over the next three years, impacted by sector conditions and operational factors. However, slight growth in EBITDA is anticipated, supported by efficiency gains and stable demand.
Profit and Revenue Growth
Electrica's first-half 2025 report indicates a significant profit increase to 421.4 million RON, up 319.4 million RON compared to the same period in 2024. EBITDA also rose by 63.1% to 1.0027 billion RON, driven by operational improvements across segments.
Market Position
Electrica maintains a large customer base, with nearly 4 million users in its distribution network, and is actively raising funds, including launching Romania's largest green bonds, indicating its focus on sustainable growth.
Bullish Electrica Stock Chart Pattern
Electrica (EL) stock price shows a strong bullish trend, having surged from around 10.88 to 23.80, but is currently showing overbought signals with an RSI above 76. The stock is trading just below a key resistance zone near RON 25,00; while buying momentum remains strong, short-term consolidation or a pullback is a plausible scenario due to overextension. Key support levels to watch for a potential bounce, if a correction occurs, are at RON 21.94 and RON 19.83 (Fibonacci retracements).
Past performance is not a reliable indicator of future results. All historical data, including but not limited to returns, volatility, and other performance metrics, should not be construed as a guarantee of future performance.
Technical traders using the NAGA Web App can leverage real-time charts, indicators, and automated alerts to time entries and exit.
Electrica Stock Price Forecast
Analyst consensus suggests a cautious outlook with price targets ranging around RON 14.10 for 2026, below current trading levels (~RON 23.80), reflecting expected earnings decline and sector headwinds. Nonetheless, the valuation below fair price presents potential for long-term recovery.
Important: When considering Electrica's fundamental analysis, financial rating and price predictions, it’s important to remember that high market volatility and a changing economic environment make long-term estimates difficult. As such, analysts and algorithm-based platforms can and do get their ratings and predictions wrong. Always do your own research before making an investment decision. And never trade or invest more than you can afford to lose.
How to invest in Electrica stock (EL)?
On NAGA, you can open an Invest Account to directly purchase TLV shares as well as a wide range of stocks listed on BET Index. Owning shares grants dividend rights and voting privileges, potentially suitable for long-term investors focused on compounding wealth through stock appreciation and income.
Past performance is not a reliable indicator of future results. All historical data, including but not limited to returns, volatility, and other performance metrics, should not be construed as a guarantee of future performance.
How to get started with Electrica stock on NAGA
Here is how to buy Electrica stock (EL) with NAGA, a trademark of The NAGA Group AG, a German-based FinTech company publicly listed on the Frankfurt Stock Exchange:
- Create an account – Open an Invest account for full stock ownership.
- Complete the verification – Complete the KYC verification for compliance.
- Deposit funds – Add RON, EUR, USD, or other supported currencies.
- Search for the “SEL” Ticker – Access Electrica shares (EL) on the platform.
- Take your position – Place orders to buy Electrica shares.
- Manage your portfolio – Use NAGA’s portfolio tracking, social trading, and risk management tools
Should you buy Electrica stock (EL) today?
Electrica remains a key utility provider with a solid market footprint in Romania’s energy sector. It may appeal to investors focused on stable income and infrastructure plays, but earnings decline and low dividend yield mean it might better suit investors with a moderate risk appetite and longer-term outlook.
Direct ownership of EL stock offers distinct advantages to leverage Electrica’s potential within your investment strategy.
Free resources
Before you start investing in Electrica stocks (EL), you should consider using the educational resources we offer like NAGA Academy or a demo trading account. NAGA Academy has lots of free trading courses for you to choose from, and they all tackle a different financial concept or process – like the basics of analyses – to help you to become a more informed trader.
Our demo account is a great place for you to learn more about leveraged trading, and you’ll be able to get an intimate understanding of how CFDs work – as well as what it’s like to trade with leverage – before risking real capital. For this reason, a demo account with us is a great tool for investors who are looking to make a transition to leveraged trading.
Sources:
- https://www.electrica.ro/investitori
- https://simplywall.st/stocks/ro/utilities/bvb-el/societatea-energetica-electrica-shares
