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EDP - Energias de Portugal SA

EDP: XLIS (PRT)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
€8.00JrqpNrybbnmjm

EDP Earnings: Slowed on Higher Comparison Basis, 2023 Guidance Set in Line With Expectations

We maintain our EUR 5.8 fair value estimate after no-moat EDP released first-half results implying a slowdown in the second quarter and set 2023 guidance in line with our estimates and FactSet consensus. Shares are materially undervalued.

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