EDP Renovaveis SA

EDPR: XLIS (PRT)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€24.00	Bcb	Vdgczdqbc

EDP Renovaveis Earnings: As Firm Faces Poor Wind Conditions, Shares Are Undervalued

Tancrede Fulop

Jul 26, 2023

No-moat EDP Renovaveis released second-quarter results hit by unfavorable wind conditions in the U.S. The net profit was above the company-compiled consensus thanks to a positive one-off. The firm sold wind assets in Spain at an attractive price. All in all, we maintain our EUR 21 fair value estimate and see shares as attractive.

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