EDP Renovaveis : Adjustments following the CMD and the capital increase
>Neutral rating maintained and target price adjusted to € 20.50 (vs € 18.80). - As part of EDP's strategic presentation, EDPR has formalised its trajectory for the 2023-2026 period. The key word is growth, with a significant investment plan of € 20bn to grow the installed base to 12 GW (EBITDA+equity) to 27 GW by end-2026. EDPR is continuing along its strategic path with robust development in solar (40% of the capex plan) and formalise its investment in decentralised ...EDP Renovaveis is a renewable energy company based in Spain. Co. is engaged in activities related to the electricity sector, namely the planning, construction, operation and maintenance of electricity generating power stations, especially hydroelectric, mini-hydroelectric, wind, solar, thermal solar, photovoltaic, biomass and waste plants, among others. Co. designs, develops, manages and operates power plants. Co. generates electricity using renewable energy sources mostly wind energy. Co. owns EDP Renewables Europe that operates in several European countries and Horizon Wind Energy, which operates in the United States. Co. is a part of the Energias de Portugal group.
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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