Enel Generacion Chile Reports Improved Third-Quarter Results
We are reaffirming our $28 per share fair value estimate, narrow economic moat, and stable moat trend ratings after Enel Generacion Chile reported net earnings attributable to shareholders of CLP 396.3 billion compared with CLP 194.5 billion in the same year-ago period.Enel Generacion Chile's results benefited from higher demand from regulated customers and higher energy prices. Greater dispatch levels at its thermal Bocamina power plant offset by lower hydro generation as drought conditions pe...
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