EDP : 2021 a year to forget
>Outperform and target price of € 6.0 maintained - Underlying earnings for 2021 came in below our forecasts penalised by the commercialisation activities on the Iberian Peninsula and generation in Brazil. Reported results were more or less in line with the forecasts of the FactSet consensus. Analysis of the results is not facilitated by the changes in scope, the variations in capital gains on sales of renewable energy assets included in EBITDA and unfavourable base ef...EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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