Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : Three quarters to make up ground on the guidance for 2022

>Outperform recommendation and target price of € 25.3 maintained - Q1 2022 results came in below our forecasts and those of the consensus. That said, whilst this first quarter was not affected by non-recurring elements, the tough energy context remains an issue (decline in hydroelectricity and soaring fossil fuel prices). As is the case for all of its competitors on the peninsular, this first quarter, which marks a low point, should be subject to a gradual catch up as...
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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