Enel SpA

ENEL: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€3.80	Zvth	Xnkfsjbh

Enel Earnings: Boosted by the Easing of the Energy Crisis, 2023 Guidance Confirmed, Shares Cheap

Tancrede Fulop

Jul 26, 2023

No-moat Enel released first-half results above the company-compiled consensus and confirmed its 2023 guidance. We maintain our EUR 7.5 fair value estimate and see the shares as undervalued.

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