EDP Renovaveis SA
EDPR: XLIS (PRT)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €23.00 | Qblnm | Rmfcvkbz |
EDP Renovaveis Lacks Structural Competitive Advantage Despite Its Strong Track Record
Business Strategy and Outlook
EDP Renovaveis, the 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. With 16.6 gigawatts of installed capacity (mostly onshore wind) at end-2023, it is the fourth-largest renewables player in the world and in the U.S. The latter accounts for half of capacity, Europe for 36%, and the rest is located in South America and Asia-Pacific.