EDP : An unchanged strategy, but changes to governance
>Outperform opinion and target price of € 6.0 maintained - In its strategic presentation, EDP officially announced its trajectory for the period 2023-2026. Once again, the emphasis was placed on growth, with a substantial € 25bn investment plan to expand the installed renewables base by a net 18 GW through € 21bn of investments, plus € 4bn for networks. EDP is making a strategic shift with strong expansion of EDPR’s solar activities, including decentralised ones. In ...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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