Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Endesa : Transformation of the chrysalis

>Outperform rating maintained but target price adjusted to € 25.3 vs € 22.0 - Endesa’s 2021-2024 strategic update confirmed the trends for the first two years in line with our expectations, but points to a significant increase in the guidance from 2023 and out to 2026 (average EPS revision of +23%). The group’s upgraded financial trajectory after 2022 stems mainly from capacity investments in renewable energies and the growing integration of digitalisation in marketin...
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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