EDP - Energias de Portugal, S.A.·Utilities

EDP, S.A. (EDPFY) delivered flat EBITDA with some growth in volumes but lower prices. Expecting higher hydro generation and increased European electricity prices to benefit EDP's renewable-heavy asset base, with CCGT-heavy peers losing out. On the negative side, net debt continues to rise, limiting deleveraging and constraining dividend growth despite ongoing capacity expansion.

Energias de Portugal (EDPFY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Energias de Portugal (OTCMKTS:EDPFY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday. The stock traded as high as $55.50 and last traded at $54.34, with a volume of 7191 shares. The stock had previously closed at $54.31. Wall Street Analysts Forecast Growth Separately, Zacks Research cut shares
EDP - Energias de Portugal, S.A. engages in the production, transmission, distribution, and commercialization of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Brazil, North America, and internationally. The company operates through Renewables, Networks, and Client Solutions & Energy Management segments. It primarily generates electricity through hydro, CCGT, coal, wind, solar, nuclear, and cogeneration sources. The company is also involved in the commercialization of natural gas. It has an installed capacity of 25 GW; and serves 8.7 million electricity customers and 0.7 million gas customers. The company also operates 378,155 kilometers of distribution network lines. In addition, it offers engineering, laboratory tests, professional training, and energy services, as well as manages real estate assets. EDP - Energias de Portugal, S.A. was incorporated in 1976 and is headquartered in Lisbon, Portugal.
Utilities
Diversified Utilities
12,591
1997-06-17
0.60