EDP Renovaveis : H1 2022 buoyed up by volumes, prices and capital gains
>We reiterate our Neutral rating and € 18.8 TP - The group’s H1 2022 performance came out slightly above our own expectations and those of the consensus. EDPR benefited from inflation-indexed prices and rising wholesale prices, but also from a volume effect created by increased installed capacity and more abundant resources. We reiterate our Neutral rating based on relative intra-sector potential and are sticking with our € 18.8 target price which is the average betwe...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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