EDP Renovaveis SA
EDPR: XLIS (PRT)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€61.00 | Cxntm | Sqkbvgxq |
EDP Renovaveis Earnings: As Firm Faces Poor Wind Conditions, Shares Are Undervalued
No-moat EDP Renovaveis released second-quarter results hit by unfavorable wind conditions in the U.S. The net profit was above the company-compiled consensus thanks to a positive one-off. The firm sold wind assets in Spain at an attractive price. All in all, we maintain our EUR 21 fair value estimate and see shares as attractive.