Enel Jumps on €53 Billion Investment Plan for Europe and US
Enel SpA rose the most in almost four years in Milan trading after announcing a fresh wave of investment focused on Europe and the US.
Italy’s largest utility will spend about €53 billion ($62.6 billion) through 2028, about €10 billion more than previously planned, it said Monday. About half the total will be in power generation and sales — mostly in renewables — with the remainder allocated to grids.