Report
Andrew Bischof
EUR 100.00 For Business Accounts Only

Enel Generacion Chile's has substantial exposure to hydro conditions.

We are reaffirming our $26 per share fair value estimate, narrow economic moat, and stable moat trend ratings after Enel Generacion Chile reported CLP 117 million net earnings attributable to shareholders for the first quarter of 2018, down from CLP 194 million from the same year-ago period.
Excluding the sale of Electrogas in the first quarter of 2017, results were roughly flat. Hydrology conditions continue to improve, with hydro generation increasing 0.4 terawatt hours to 2.5 terawatt hours. ...
Underlying
Empresa Nacional de Electricidad S.A. ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof

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