EDP : 9M 2022 in line, with no break in trend
>Outperform rating and target price of € 6.0 maintained - The 9M 2022 results were in line with our expectations and the consensus, penalised by the Iberian zone, with historically weak rainfall and high wholesale prices. Ahead of today’s conference call, we are maintaining our Outperform rating with regard to the group’s strategy, comparable in scale with that of Iberdrola (networks & renewables). Also, EDP in our view is a possible target for a player wishing to ext...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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