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Terna S.p.A. Announces Record Investments in Updated 2024-2028 Industrial Plan

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Terna S.p.A. Announces Record Investments in Updated 2024-2028 Industrial Plan

Terna S.p.A. ( (IT:TRN) ) has shared an update.

Terna S.p.A. has approved an updated Industrial Plan for 2024-2028, highlighting a record investment of 17.7 billion euros to enhance Italy’s electricity grid and support energy transition. The plan emphasizes sustainable development, digitalization, and renewable integration, aiming to strengthen the country’s energy security and independence. The company reported significant financial growth in 2024, with a notable increase in revenues, EBITDA, and net profit, alongside a commitment to sustainability and achieving net zero emissions by 2050.

More about Terna S.p.A.

Terna S.p.A. operates in the energy sector, focusing on the development and management of electricity transmission networks. The company is committed to enhancing energy transition and independence through sustainable infrastructural development, integration of renewable energy, and digitalization efforts.

YTD Price Performance: 5.73%

Average Trading Volume: 220,847

Technical Sentiment Signal: Sell

Current Market Cap: €16.17B

For an in-depth examination of TRN stock, go to TipRanks’ Stock Analysis page.

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