Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

EDP : Un T1 atypique, une trajectoire 2021 confirmée et des mouvements au Brésil

>Opinion Surperformance et OC 6.0 € maintenus - Les résultats récurrents du T1 2021 sont ressortis en ligne avec nos attentes et au-dessus de la moyenne du consensus FactSet. Les vents contraires de la division renouvelable mentionnés par EDPR ont été compensés par les autres activités d’EDP. Notons que le T1 2020 de la division Energy Management avait bénéficié de conditions de volatilité exceptionnelle générant un effet de base négatif. Nous maintenons notre opinion...
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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