Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP : A challenging year in 2020 but under control

>Buy rating and target price of € 4.80 maintained - The management’s tone in the conference call following the publication of H1 2020 performances was very reassuring. Despite the disruptions to operations (COVID-19, currencies), EDP remains focused on executing its strategic plan. While the second half of 2020 looks set to be a bit less favourable than expected after the Q1 2020 earnings report, the 2020 guidance is unchanged. We maintain our Buy rating on the stock....
Underlying
EDP-Energias de Portugal SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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