🔴 Transelectrica is trading 8.9% down today after sharp repricing tied to October tariff reductions

Transelectrica is trading 8.9% down at RON 89.10 after a sharp repricing of its earnings outlook tied to expected tariff reductions from October 1.

• Management expects remaining regulatory backlog recovery by September 30, 2026; tariffs are expected to decline from October 1, reducing pass-through profitability.
• The company announced more than RON 351 million in Modernization Fund financing on August 31, 2026, which is strategically positive but does not explain the decline.
• No direct negative announcement or broader-market trigger was identified.