Enel SpA
ENEL: XMIL (ITA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ^.K | LOCK|B# | LOCK|#>xnb& |
Enel's Investment Shift Is Sensible
Business Strategy and Outlook
Enel is an integrated utility operating mainly in Italy, Spain, and Latin America. The grid business accounts for 35% of the group's earnings. The rest comes from generation and supply. The power generation mix is dominated by renewables with hydro weighing 34% of the installed capacity, and solar and wind at 35%.
