EDP : H1 2020 results in line with our expectations
>Buy rating maintained and target price adjusted to € 4.80 (vs € 4.60) - EDP’s H1 2020 results were broadly in line with our forecasts. Despite the effects of the health crisis and the forex impact, the group is showing a relatively strong level of resilience. This resilience lends weight to our Buy rating on the stock. Looking beyond these operating aspects, we still believe a reorganisation of the group’s share ownership (owing to its Chinese shareholder CTG) and st...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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