EDP : Roadshow confirms resilience of integrated model
>Outperform rating and € 6.0 target price maintained - Following a roadshow which we organised with the CFO and the IR teams in Paris, we confirm our Outperform rating on the stock. The group’s message remains reassuring in terms of its capacity to offset EDPR’s trajectory thanks to its flexible generation (hydroelectricity) and its regulated operations. The group is maintaining its 2024 guidance for net income of € 1.3bn and the trajectory set out in the framework of...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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