Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : More resilience, less growth but more financial leeway

>Outperform rating maintained and target price of € 25.30 unchanged - Based on the revision to Endesa’s 2026 strategic plan, with the cautious trajectory along the same lines as its parent company Enel, we are leaving our 2023 estimates unchanged, have slightly lowered our expectations by 3.5% on average for 2024 and 2025 and raised them by 8.4% for 2026. The rebalancing of the investment programme towards resilient grid operations corresponds to the sector profile s...
Underlying
Endesa S.A.

Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.

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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