Enel SpA

ENEL: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€6.80	Ppnh	Gkynpxwv

Reducing Enel's FVE to EUR 7.20, Likely Dividend and Earnings Cut More Than Priced In

Tancrede Fulop

Oct 25, 2022

Down by 40% year to date, Enel is the worst-performing European utility we cover. For a large part, this underperformance was driven by the steep rise in Italian government bond yields.

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