EDP Renovaveis SA

EDPR: XLIS (PRT)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€43.00	Fkg	Mnmxpvccc

Capacity Growth Continues Pushing EDP Renovaveis' Solid Performance

Travis Miller , Danny Goode

May 11, 2017

EDP Renovaveis reported improved first-quarter performance with revenue up 20%. We are raising our fair value estimate to EUR 6 per share after adjusting our outlook given the company’s recent results and guidance as well as incorporating time-value appreciation.

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