11 Best Italian Stocks to Buy in 2026

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8. Enel S.p.A. ADS (OTCMKTS:ENLAY)

Enel S.p.A. ADS (OTCMKTS:ENLAY) is among the best Italian stocks to buy in 2026. On February 23, Italian utility Enel S.p.A. ADS (OTCMKTS:ENLAY) outlined its investment plan for the next three years. The company says it plans to allocate €53 billion to capital expenditures for the 2026-2028 period. Around 38% of this allocation will go to renewable power projects.

“The group foresees a sharp acceleration of investments in renewables, reaching around 20 billion euros, with a focus in the geographies characterised by significant growth in electricity demand,” Enel said in the statement announcing the investment plan.

Notably, Enel plans a larger capex outlay for the next three years than for the prior three years. In the previous investment plan, it allocated €43 billion to capex, with 60% going to regular power grid projects and 28% to renewable projects.

In other news, Enel announced on February 22 a €1 billion share repurchase plan, which it said will run from February 23 until July 31.

Enel S.p.A. ADS (OTCMKTS:ENLAY) is an Italian power company. It operates geothermal, hydroelectric, nuclear, and renewable power plants among others. Founded in 1962, the state-controlled Enel is headquartered in Rome, Italy.

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